Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    121 Great Ln Raeford, NC 28376

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    121 Great Ln Raeford, NC 28376

    View on Map
    • Retail properties & Spaces
    For Sale
    $12,000
    View Listing →
    Raeford Retail Space - Great Lane For Sale
    $12,000

    Raeford Retail Space - Great Lane

    Prime Raeford retail opportunity. Affordable price, high potential.

    121 Great Ln, Raeford, NC 28376
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 121 Great Ln

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 121 Great Lane in Raeford, North Carolina, presents a unique investment opportunity. Priced affordably at $12,000, this property offers significant potential for a variety of retail uses. While the square footage is not currently specified, the property sits on a zero-acre lot, making it ideal for a smaller-scale retail operation or a business requiring minimal land. The property's address, 121 Great Lane, places it within easy reach of Raeford's commercial center and residential areas, ensuring high visibility and accessibility for customers. The lack of existing building information allows for complete customization to suit the specific needs of the buyer, whether it's a complete renovation or the construction of a new structure. This presents a blank canvas for a creative entrepreneur or investor looking to establish a strong presence in the Raeford market. Given the attractive price point and strategic location, this property is expected to generate significant interest. Serious inquiries are encouraged to explore this promising retail investment. The property is being sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Raeford
    County
    Hoke
    State
    North Carolina
    Longitude
    -79.1281
    Latitude
    35.0322

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      220 Gridley Ln

      Office Units • 10,000 SF
      220 Gridley Ln, Raeford, NC 28376
      View Details
    • Value Estimation by Request
      12,000 SF

      1230 Fayetteville Rd

      Office properties & Spaces • 12,000 SF
      1230 Fayetteville Rd, Raeford, NC 28376
      View Details
    • Value Estimation by Request

      253 Flagstone Ln

      Retail properties & Spaces
      253 Flagstone Ln, Raeford, NC 28376
      View Details
    • Value Estimation by Request
      22,400 SF

      221 Flagstone Ln

      Office properties & Spaces • 22,400 SF
      221 Flagstone Ln, Raeford, NC 28376
      View Details
    • Value Estimation by Request

      109 Great Ln

      Retail properties & Spaces
      109 Great Ln, Raeford, NC 28376
      View Details
    • Value Estimation by Request
      10,542 SF

      135 Vass Rd

      Individual retail properties • 10,542 SF
      135 Vass Rd, Raeford, NC 28376
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Raeford Retail Space - Investment Opportunity

      High-return retail property in Raeford, NC.
      8100 Fayetteville Rd, Raeford, NC 28376
      View Details
    • Contact for pricing

      253 Flagstone Ln, Raeford, NC 28376

      Retail properties & Spaces
      253 Flagstone Ln, Raeford, NC 28376
      View Details
    • Contact for pricing

      Raeford Retail Space - Great Lane

      Prime Raeford retail location. Affordable lease opportunity.
      109 Great Ln, Raeford, NC 28376
      View Details
    • Contact for pricing

      Raeford Retail Space - Great Lane

      Prime Raeford retail opportunity. Affordable price, high potential.
      121 Great Ln, Raeford, NC 28376
      View Details
    • $480,000
      4,011 SF

      Historic Building with Modern Potential

      Preserved 1903 building on 0.53 acre corner lot.
      115 N Magnolia St, Raeford, NC 28376
      View Details
    • $795,000
      5,000 SF

      Downtown Raeford Commercial Property

      Commercial property in downtown Raeford with income potential.
      402-406b Harris Ave, Raeford, NC 28376
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,300 SF

      Retail Space in Raeford, NC

      Prime retail space available in a high-traffic location.
      117 Great Ln, Raeford, NC 28376
      View Details
    • $4,045 /Mo

      Retail Development Pre-Leasing Opportunity

      Retail spaces available in planned shopping center with tenant allowance.
      9136 Fayetteville Rd, Raeford, NC 28376
      View Details
    • Contact for pricing

      New Retail/Office Spaces Available

      Under construction retail/office spaces with high visibility and ample parking.
      1230 Fayetteville Rd, Raeford, NC 28376
      View Details
    • $2,000 /Mo
      2,015 SF

      Charming Commercial Property in Raeford

      Commercial property with farmhouse charm, ideal for office or retail.
      3174 Lindsay Rd, 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 Ln, Raeford, NC 28376
      View Details
    • Contact for pricing

      Walmart Anchored Shopping Center Space

      Retail spaces and outparcel available in busy shopping center.
      4545 Fayetteville Rd, Raeford, NC 28376
      View Details
    View Listing
    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.
    121 Great Ln
    Raeford, NC 28376
    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

    121 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!