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    220 Gridley Ln Raeford, NC 28376

    • Office Properties & Spaces
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 220 Gridley Ln

    Year built
    2019
    Property type
    Office Properties & Spaces

    Description

    This exceptional 2,000 square foot office or retail space is available for lease at 220 Gridley Lane in Raeford, North Carolina. Located on the busy Highway 401, this property offers high visibility and excellent accessibility. The space is currently delivered in "shell" condition, featuring a concrete floor, a dropped ceiling with fluorescent lighting, and a fully functional HVAC system. A handicapped-accessible restroom is already installed. Any further build-out or tenant improvements are the responsibility of the lessee. The annual lease rate is $18 per square foot, calculated on a triple net (NNN) basis. The monthly rent is $3,000, with additional monthly NNN charges totaling $647.96. This translates to a total monthly expense of $3,647.96. The property is not equipped with a lockbox

    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
    -79.1256
    Latitude
    35.0323

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      1230 Fayetteville Rd

      Office Properties & Spaces • 12,000 SF
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    • Value Estimation by Request
      22,400 SF

      221 Flagstone Ln

      Office Properties & Spaces • 22,400 SF
      221 Flagstone Ln, Raeford, NC 28376
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    • Value Estimation by Request
      1.00 Acre

      3505 Us 401 Hwy

      Office Properties & Spaces • 1.00 Acre
      3505 Us 401 Hwy, Raeford, NC 28376
      View Details
    • Value Estimation by Request
      10,000 SF

      220 Gridley Ln

      Office space • 10,000 SF
      220 Gridley Ln, Raeford, NC 28376
      View Details
    • Value Estimation by Request
      10,400 SF

      101 Great Ln

      Office Properties & Spaces • 10,400 SF
      101 Great Ln, Raeford, NC 28376
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    • Value Estimation by Request
      560 SF

      118 Campus Ave

      OFFICE BUILDING • 560 SF
      118 Campus Ave, Raeford, NC 28376-2606
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    Similar Nearby for Sale

    • Contact for pricing

      Prime Raeford Office Space

      2,000 sq ft Office/Retail, Hwy 401
      220 Gridley Ln, Raeford, NC 28376
      View Details
    • $625,000
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      Prime Raeford Office Building

      7,185 SF Office, 1 Acre Lot
      3505 Us 401 Hwy, Raeford, NC 28376
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    • $2,000,000
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      Prime Development Opportunity in Raeford

      9.815 acre commercial land parcel on Fayetteville Road/401.
      6415 Fayetteville Rd, Raeford, NC 28376
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    • Contact for pricing

      253 Flagstone Ln, Raeford, NC 28376

      Retail properties
      253 Flagstone Ln, Raeford, NC 28376
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      Raeford Retail Space - Investment Opportunity

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

      Land in Raeford, North Carolina

      Newly developed land with potential for future community development.
      949 Pendergrass Rd W, Raeford, NC 28376
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    Similar Nearby for Lease

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      Monroe's Crossing: Office Suites Available

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      Raeford Medical Office Third Floor

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      Raeford Retail/Office Space Available

      High-visibility retail/office space in a thriving commercial corridor.
      220 Gridley Ln, Raeford, NC 28376
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    • $18 SF/Yr
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      Prime Raeford Creative Office Space

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    • $11,367 /Mo

      Class A Office Space Available

      Modern office building with tenant improvement allowance.
      142 Paraclete Dr, Raeford, NC 28376
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    Raeford, NC 28376
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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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