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

    0 Turnpike Rd Laurinburg, NC 28352

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two lots totaling approximately 1.26 acres are for sale.

    Type:Land
    Lot size:
    1.26 Acres
    Added:
    Mar 28, 2024
    Days on Market:
    765
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 0 Turnpike Rd

    General Information

    Standard status
    Active
    Lot size
    1.26 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tim Ferruzzi

    Listing agent Tim Ferruzzi License #NC 89665

    Listing office Keller Williams Realty Points East

    Listing date Mar 28, 2024

    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 Keller Williams Realty Points East

    Overview

    Two Lots Totaling 1.26 Acres

    The property for sale consists of two lots, totaling approximately 1.26 acres. The owner of the property is also a North Carolina Licensed Real Estate Broker with Keller Williams- Points East Realty.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.484938
    Latitude
    34.780826

    Nearby Similar for Sale

    • $395,000
      1,290 SF

      Laurinburg Commercial Property on Two Acres

      4000 SF building on 2 acres, fenced back area.
      17421 Plant Road, Laurinburg, NC 28352
      View Details
    • $425,000
      5,706 SF

      Laurinburg Commercial Property with Warehouse

      Versatile commercial property with office, storage, and development potential.
      204 E Railroad Street, Laurinburg, NC 28352
      View Details
    • $399,900
      896 SF

      High-Visibility Commercial Land Opportunity

      7.2 acres with high traffic, ideal for diverse businesses.
      10145 Mccoll Road, Laurinburg, NC 28352
      View Details
    • $225,000

      Laurinburg Commercial Building with Warehouse

      Corner-lot commercial building with warehouse space in central Laurinburg.
      231 Biggs Street, Laurinburg, NC 28352
      View Details
    • $95,000
      2,701 SF

      Laurinburg Duplex on Corner Lot

      Duplex with month-to-month tenant, fenced yard, updated features.
      112 2nd Street, Laurinburg, NC 28352
      View Details
    • $212,000
      1,565 SF

      Laurinburg Office Investment Opportunity

      Office property in Laurinburg, leased with long-term tenant.
      911 Atkinson Street, Laurinburg, NC 28352
      View Details
    • $99,900

      Laurinburg Land with Metal Building

      Approximately 4 acres with potential for rezoning.
      17600 Old Lumberton Road, Laurinburg, NC 28352
      View Details
    • $480,000
      2,664 SF

      Former Jewelry Storefront with Vault

      High-visibility corner lot with showroom, offices, and ample parking.
      110 W Church Street, Laurinburg, NC 28352
      View Details
    • $25,000

      Laurinburg Residential Lot Opportunity

      Residential lot in downtown Laurinburg, close to amenities.
      308 Everett Street, Laurinburg, NC 28352
      View Details
    • $12,000

      Laurinburg, NC Residential Land

      0.33-acre lot, ready for your dream home.
      705 Peele Street, Laurinburg, NC 28352
      View Details
    • $90,000

      Laurinburg Wooded Acreage For Sale

      Wooded acreage suitable for residential or commercial development.
      Johns Road, Laurinburg, NC 28352
      View Details
    • $22,500

      Cleared Lot, Scotch Meadows North

      Cleared residential lot ready for construction in Laurinburg, NC.
      2 Muirfield Drive, Laurinburg, NC 28352
      View Details

    FAQs

    What type of property is this?
    Land - Two lots totaling approximately 1.26 acres are for sale.
    Where is this land located?
    The property is located at 0 Turnpike Rd Laurinburg, NC.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Two lots included in sale; Approximately 1.26 +/- acres; Owner is an NC licensed real estate broker
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tim Ferruzzi
    Real Estate License ID: NC 89665
    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

    0 Turnpike Rd, laurinburg, NC 28352

    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!