Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Property in Raeford, NC Title is generated by Realmo AI

    101 Great Ln, Raeford, NC 28376

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multi-tenanted retail property with high traffic count on Fayetteville Rd.

    Type:Retail
    Added:
    Sep 10, 2022
    Days on Market:
    1360
    Last Refresh:
    May 12 at 11:01 pm

    Property Features for 101 Great Ln

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2019

    Spaces For Lease

    at 101 Great Ln Contact us

    Unit 117 $27/Mo

    Size
    1,300 SF
    Type
    Retail
    $3,000 per month NNN. One remaining in-line unit with approximately 1,300 +/- SF
    Contact us

    We can help!

    Listing Contact
    Tracy Billups

    Listing agent Tracy Billups License #354690

    Listing office Carolina Summit Group

    Listing date Sep 10, 2022

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Carolina Summit Group

    HighLights

    • High‑traffic location on Fayetteville Rd/401 with approximately 29,000 cars per day.
    • Positioned at the entrance of the 250+ home Bedford residential subdivision.
    • Multi‑tenanted property with 8 units.
    • Tenants include Manhattan Deli & Grill, Game Time Barbershop, and Tobacco & Vape Express.
    • Located on the main corridor between Fayetteville and Raeford.
    • Built in 2019.

    Overview

    The Shoppes at Bedford is an 8-unit multi-tenanted commercial property. It is strategically positioned at the entrance of the Bedford residential subdivision, which contains over 250 homes. The property is located on Fayetteville Road/401, a main corridor between Fayetteville and Raeford, with a traffic count of approximately 29,000 cars per day. Current tenants include Manhattan Deli & Grill 111, Game Time Barbershop, and Tobacco & Vape Express.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Raeford
    County
    Hoke
    State
    North Carolina
    Longitude
    -79.2454
    Latitude
    35.0278

    Nearby Similar for Lease

    • $14,002/Mo
      6,500 SF

      Raeford Medical Office Space

      6,500 SF medical office space available for lease.
      142 Paraclete Drive, Raeford, NC 28376
      View Details
    • $20 SF/Yr
      1,200 SF

      Retail Space in Midway Plaza

      1200 sq ft retail space suitable for restaurant.
      8160 Fayetteville Road, Raeford, NC 28376
      View Details
    • $1,500/Mo

      Downtown Raeford Commercial Rental Opportunity

      Commercial space in downtown Raeford with offices and conference room.
      109 Campus Avenue, Raeford, NC 28376
      View Details
    • $11,367/Mo
      19,200 SF

      Class A Office Building

      Class A office space available for lease in Raeford, NC.
      142 Paraclete Drive, Raeford, NC 28376
      View Details
    • $3,000/Mo
      1,300 SF

      Retail Space in Raeford, NC

      Retail space available in high-traffic Raeford location.
      117 Great Lane, Raeford, NC 28376
      View Details
    • $4,045/Mo
      1,387 SF

      Retail Space in Growing Market

      Pre-leasing opportunity in Raeford, NC with tenant improvement allowance.
      9136 Fayetteville Road, Raeford, NC 28376
      View Details
    • $4,045/Mo
      7,500 SF

      Retail Development Pre-Leasing Opportunity

      Retail spaces available in planned shopping center with tenant allowance.
      9136 Fayetteville Road, Raeford, NC 28376
      View Details
    • $3,000/Mo
      1,300 SF

      Retail Space in Raeford, NC

      Retail space available in high-traffic Raeford location.
      117 Great Lane, Raeford, NC 28376
      View Details
    • $18 SF/Yr
      2,000 SF

      Raeford Retail/Office Space Available

      High-visibility retail/office space in Raeford, near Ft. Bragg.
      220 Gridley Lane, Raeford, NC 28376
      View Details
    • $2,500/Mo
      1,300 SF

      Retail Space in Raeford, NC

      1,300 SF end unit in Bedford Commons.
      129 Great Lane, Raeford, NC 28376
      View Details
    • $20 SF/Yr
      1,200 SF

      Retail Space in Raeford, NC

      Retail space available in a strip mall between Fayetteville and Raeford.
      8100 Fayetteville Rd, Raeford, NC 28376
      View Details
    • $22 SF/Yr
      4,500 SF

      New Retail/Office Spaces Available

      Under construction retail/office spaces with high visibility and ample parking.
      1230 Fayetteville Rd, Raeford, NC 28376
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multi-tenanted retail property with high traffic count on Fayetteville Rd.
    Where is this strip mall located?
    The property is located at 101 Great Ln Raeford, NC.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on Fayetteville Rd/401 with approximately 29,000 cars per day.; Positioned at the entrance of the 250+ home Bedford residential subdivision.; Multi‑tenanted property with 8 units.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tracy Billups
    Real Estate License ID: 354690
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    101 Great Ln, Raeford, NC 28376
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!