Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1013 Bragg Blvd Spring Lake, NC 28390

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.05-Acre Commercial Land, High Traffic

    Property Features for 1013 Bragg Blvd

    General Information

    Property type
    Land
    Lot Size
    45,738 SF

    We can help!

    Listing Contact
    SUSAN EVANS
    SUSAN EVANS

    Listing Agency: GRANT-MURRAY REAL ESTATE, LLC. Listing Agent: SUSAN EVANS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.05-acre commercial lot presents a remarkable investment opportunity in Spring Lake, North Carolina. Situated on the highly visible corner of N Bragg Boulevard and Sleepy Drive, this property boasts over 200 feet of road frontage on a major thoroughfare experiencing over 40,000 vehicles per day. The lot, designated as Lot 1A, measures 219.33 feet by 230.95 feet and is zoned CP, making it ideally suited for a variety of commercial uses. Its prime location and high visibility make it particularly well-suited for a breakfast restaurant or similar retail establishment. The property's excellent accessibility and high traffic volume ensure significant exposure to potential customers. Located in Cumberland County, with the address 1013 N Bragg Blvd, Spring Lake, NC 28390, this corner lot offers unparalleled potential for growth and return on investment. The strategic location and zoning regulations provide a solid foundation for a successful commercial venture. This is a rare opportunity to acquire a highly desirable commercial property in a thriving area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9811075
    Latitude
    35.1775365

    Nearby Similar for Sale

    • $585,000
      4,680 SF

      Retail & Garage/Warehouse on Highway

      Retail and garage/warehouse buildings on 0.8 acres with highway frontage.
      1218 N Bragg Blvd, Spring Lake, NC 28390
      View Details
    • $268,500
      1,860 SF

      Turnkey Medical Office in Spring Lake

      General practice medical office for sale in Spring Lake, NC.
      224 N Main St, Spring Lake, NC 28390
      View Details
    • $749,000
      2.00 Acres

      Four Single-Family Homes Portfolio

      Four adjacent homes, ideal for investment or short-term rentals.
      222 Odell Rd, Spring Lake, NC 28390
      View Details
    • New
      $330,000

      Renovated Triplex Expansion Potential

      Renovated triplex in Spring Lake, NC, with expansion potential.
      310 Old Hertford Ln, Spring Lake, NC 28390
      View Details
    • $199,000
      3.40 Acres

      Spring Lake Land For Sale

      3.4 acres in Spring Lake, NC, seller financing available.
      105 Micaville Cir, Spring Lake, NC 28390
      View Details
    • $1,308,127

      Spring Lake Multifamily Investment Opportunity

      Turn-key, 16-unit property near Fort Liberty on 8 acres.
      1600 Easterling Dr, Spring Lake, NC 28390
      View Details
    • Contact for pricing
      21,600 SF

      Shell Drive Warehouse Opportunity

      21,600 SF warehouse in Spring Lake, North Carolina.
      640 Shell Dr, Spring Lake, NC 28390
      View Details
    • Contact for pricing
      1,593 SF

      Luxury Condo in Anderson Creek

      Two-bedroom condo with access to fitness center and internet.
      260 Gallery Dr, Spring Lake, NC 28390
      View Details
    • Contact for pricing
      1,600 SF

      Fairway Point Condo Living

      Move-in ready condo with modern features in gated community.
      260 Gallery Dr, Spring Lake, NC 28390
      View Details
    • Contact for pricing
      1,600 SF

      Fairway Point Condo with Amenities

      Move-in ready condo with fitness center access in gated community.
      260 Gallery Dr, Spring Lake, NC 28390
      View Details

    FAQs

    What type of property is this?
    Land - 1.05-Acre Commercial Land, High Traffic
    Where is this land located?
    The property is located at 1013 Bragg Blvd Spring Lake, NC.
    What are key features of this property?
    This property features: High-traffic corner lot.; Prime location on busy N Bragg Blvd.; Over 40,000 vehicles per day (VPD).
    (919) 920-2140 Call to check price and availability
    Request Owner's contact information
    1013 Bragg Blvd Spring Lake, NC 28390
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1013 Bragg Blvd
    Spring Lake, NC 28390
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1013 Bragg Blvd Spring Lake, NC 28390
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing SUSAN EVANS
    SUSAN EVANS
    Real Estate License ID: 93980
    (919) 920-2140 (910) 829-1617 (910) 818-3252
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!