Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    218 Doctor M.l.k. Jr Blvd Roseboro, NC 28382
    Back to Search
    Property profile & analytics

    218 Doctor M.l.k. Jr Blvd, Roseboro, NC 28382

    View on Map
    • Retail properties & Spaces
    • 9,508 SF
    • 1.34 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 218 Doctor M.l.k. Jr Blvd

    Year built
    2010
    Lot size
    1.34 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a Walgreens pharmacy and storefront located at 218 E Doctor M.L.K. Jr Blvd, Roseboro, NC 28382. The property, built in 2010, boasts 9,508 square feet on a 1.34-acre lot and enjoys a prominent position as an outparcel to a Food Lion grocery store, situated along a major retail thoroughfare. The Walgreens tenant, a nationally recognized brand, has occupied the space since December 27, 2013, under an absolute NNN lease with a corporate guarantee. A recent lease extension ensures occupancy through June 30, 2038, providing a remaining lease term of 13.6 years, with eleven five-year renewal options. The property generates a strong net operating income (NOI) of $207,216, resulting in a 7.25% cap rate. The property benefits from excellent visibility and accessibility, serving a dense residential community and school district. Nearby businesses include O'Reilly Auto Parts, Dollar General, Carlie C's, Roses Express, and Cork & Brew. Data indicates significant foot traffic in the area, with approximately 143,900 visits to the Walgreens location and 460,700 visits to the adjacent Food Lion over the past 12 months. This property is also available as part of a larger portfolio sale including four additional Walgreens locations in the Southeast. The asking price is $2,858,150. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a premier tenant in a strong retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roseboro
    County
    Sampson
    State
    North Carolina
    Longitude
    -78.5147
    Latitude
    34.9585

    Comparable in this City

    • Value Estimation by Request
      9,755 SF

      105 East St

      Individual retail properties
      105 East St, Roseboro, NC 28382
      View Details
    • Value Estimation by Request
      0.05 Acres

      105 Williams Ln

      RETAIL STORES (PERSONAL SERVICES)
      105 Williams Ln, Roseboro, NC 28382-8403
      View Details
    • Value Estimation by Request
      0.09 Acres

      101 Railroad St

      RETAIL STORES (PERSONAL SERVICES)
      101 Railroad St, Roseboro, NC 28382-7474
      View Details
    • Value Estimation by Request
      0.05 Acres

      109 Roseboro St Sta, Unit A

      RETAIL STORES (PERSONAL SERVICES)
      109 Roseboro St Sta, Roseboro, NC 28382
      View Details
    • Value Estimation by Request
      0.80 Acres

      5650 Old Mintz Hwy

      RETAIL STORES (PERSONAL SERVICES)
      5650 Old Mintz Hwy, Roseboro, NC 28382-5307
      View Details
    • Value Estimation by Request
      0.08 Acres

      Gray St

      RETAIL STORES (PERSONAL SERVICES)
      Gray St, Roseboro, NC 28382
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,755 SF

      NAPA Auto Parts Retail Location

      Retail property with long-term tenant in Roseboro, North Carolina.
      105 N East St, Roseboro, NC 28382
      View Details
    • $40,000
      Pending

      Roseboro, NC Land For Sale

      3.27 acres of residential agricultural land available for purchase.
      Harold Rd, Roseboro, NC 28382
      View Details
    • New
      $37,464
      4.46 Acres

      Acreage for Residential or Hunting

      Versatile 4.46-acre tract offers residential potential, hunting use, or timber investment options near Mintz Christian School.
      Mintz Rd, Roseboro, NC 28382
      View Details
    • $1,057,500
      235.00 Acres

      Expansive Land in Roseboro, NC

      235-acre family-owned property with recreational value and timber investment potential.
      Moon Johnson Rd, Roseboro, NC 28382
      View Details
    • $170,000
      21.00 Acres

      Roseboro, NC Land For Sale

      21 acres of land suitable for building or development.
      1 Elizabethtown Hwy, Roseboro, NC 28382
      View Details
    • Contact for pricing

      68 Acres of Farmland

      68 acres of land near Roseboro, Clinton, Fayetteville, NC.
      1 Butler Island Rd, Roseboro, NC 28382
      View Details
    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.
    218 Doctor M.l.k. Jr Blvd
    Roseboro, NC 28382
    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
    218 Doctor M.l.k. Jr Blvd, Roseboro, NC, 28382
    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!