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    Turnpike Rd Laurinburg, NC 28352
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    Turnpike Rd Laurinburg, NC 28352

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    • Land
    • 33.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Turnpike Rd

    Lot size
    33.00 lot acres
    Property type
    Land

    Description

    This exceptional 33-acre commercial development site in Laurinburg, North Carolina, presents a compelling investment opportunity. Located in Scotland County, at the intersection of Turnpike Rd, this cleared parcel is ready for immediate development. The property boasts convenient access via three bordering streets: Spring Branch Drive, Woodbridge Drive, and Gaston Avenue, where water and sewer mains are readily available. Its R-15 zoning designation offers flexibility for a variety of commercial projects. Further enhancing its appeal, this property is situated within an Opportunity Zone, potentially offering significant tax advantages. The asking price is $690,000, translating to an attractive $20,597 per acre. The site's cleared condition and existing infrastructure significantly reduce development time and costs, making it an ideal choice for developers seeking a prime location with immediate construction potential. The property's APN is 01022002001 and the zip code is 28352. This is a rare opportunity to acquire a large, well-located, and fully prepared commercial land parcel in a growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.4947
    Latitude
    34.7561

    Comparable in this City

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      32.05 Acres

      West Blvd

      Land • 32.05 Acres
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    • Value Estimation by Request
      1.26 Acres

      Turnpike Rd

      Land • 1.26 Acres
      0 Turnpike Rd, Laurinburg, NC 28352
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    • Value Estimation by Request
      7.35 Acres

      801 Westwood Way

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      4,250 SF

      12021 Hwy

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      4,400 SF

      524 Roseville St

      Commercial real estate • 4,400 SF
      524 Roseville St, Laurinburg, NC 28352
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    Similar Nearby for Sale

    • Contact for pricing

      Two Lots Totaling 1.26 Acres

      Two lots totaling approximately 1.26 acres are for sale.
      Turnpike Rd, Laurinburg, NC 28352
      View Details
    • $128,500
      15.53 Acres

      Laurinburg Land Parcel For Sale

      15.53-acre land parcel, 10 minutes from central Laurinburg.
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    • $900,000
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      Prime Laurinburg Commercial Land

      5 Acres, I-74 Frontage, High Traffic
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      Laurinburg Commercial Property - Great Value

      1,400 sq ft building on 0.25 acres
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    • $179,900
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      Prime Laurinburg Commercial Space

      4,400 SF Commercial Building, 0.4 Acres
      524 Roseville St, Laurinburg, NC 28352
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    • $262,500
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      Prime Laurinburg Commercial Land

      7.6 Acres, 900 sq ft building, $262,500
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    Similar Nearby for Lease

    • $1.00 SF/Yr

      Laurinburg Land for Lease

      Land for lease in Laurinburg's retail corridor.
      1695 S Main St, Laurinburg, NC 28352
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    • Contact for pricing

      Laurinburg Retail Opportunity For Lease

      Former Golden Corral parcel available for lease in Laurinburg.
      904 U.S 401 Byp S, Laurinburg, NC 28352
      View Details
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    Laurinburg, NC 28352
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    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
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