Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11241 Andrew Jackson Hwy Laurinburg, NC 28352-1399

    • Specialty properties
    • 4,155 SF
    • 1.88 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2022
    $535,000
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0709071
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Academy Animal Hospital of Laurinburg / Kennel & Boarding Facility

    Property Details for 11241 Andrew Jackson Hwy

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.88 lot acres
    Property size
    4,155 SF
    Zone code
    I1
    Property type
    Specialty properties
    APN
    020312 01004
    APU
    2031201004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $485,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $445,000
      MEDICAL BUILDING
      $335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.5166
    Latitude
    34.7968
    CBSA code
    29900
    CBSA name
    LAURINBURG, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $46,980
    $260,090
    $307,070
    -
    $0.00
    $0.00
    $307,070

    Comparable in this City

    • Value Estimation by Request
      696 SF

      1022 Salem St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 696 SF
      1022 Salem St, Laurinburg, NC 28352
      View Details
    • Value Estimation by Request
      2,520 SF

      Wagram Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,520 SF
      Wagram Rd, Laurinburg, NC 28352
      View Details
    • Value Estimation by Request
      1,440 SF

      9167 Hasty Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,440 SF
      9167 Hasty Rd, Laurinburg, NC 28352-8651
      View Details
    • Value Estimation by Request
      1,800 SF

      335 Sawdust Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,800 SF
      335 Sawdust Ln, Laurinburg, NC 28352-4838
      View Details
    • Value Estimation by Request
      5,638 SF

      301 King St

      FUNERAL HOME • 5,638 SF
      301 King St, Laurinburg, NC 28352-3097
      View Details
    • Value Estimation by Request
      3,116 SF

      441 Stewartsville Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,116 SF
      441 Stewartsville Rd, Laurinburg, NC 28352-4963
      View Details

    Similar Nearby for Sale

    • $194,500
      3,867 SF

      Prime Laurinburg Commercial Space

      High-traffic location, 3,867 sq ft.
      329 Main St, Laurinburg, NC 28352
      View Details
    • $750,000
      26,572.00 Acres

      Prime Laurinburg Restaurant & Income Streams

      Established Restaurant, Multiple Income Sources
      1229 Main St, Laurinburg, NC 28352
      View Details
    • Contact for pricing
      0.28 Acres

      Land in Laurinburg, NC

      Land suitable for building a home in Laurinburg, North Carolina.
      S Stewartsville Rd S, Laurinburg, NC 28352
      View Details
    • $335,000
      Pending

      Laurinburg Commercial Property For Sale

      Commercial duplex with office and salon, fully leased for immediate income.
      1222 Atkinson St, Laurinburg, NC 28352
      View Details
    • Contact for pricing
      Pending

      Laurinburg Land For Sale

      Two lots suitable for stick-built home or duplex.
      009 Berry St, Laurinburg, NC 28352
      View Details
    • $36,000
      0.99 Acres

      Laurinburg Land in Quail Ridge

      0.991 acres of wooded land zoned RA.
      Bostic Lot 13 Rd, Laurinburg, NC 28352
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Laurinburg Commercial Building For Lease

      Commercial building suitable for healthcare, daycare, therapy business, and more.
      1224 Biggs St, Laurinburg, NC 28352
      View Details
    • $1.00 SF/Yr

      Laurinburg Land for Lease

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

      Laurinburg Retail Opportunity For Lease

      Former Golden Corral parcel available for lease in Laurinburg.
      Laurinburg, NC 28352
      View Details
    • $12 SF/Yr
      5 SF

      Laurinburg Commercial Land I-74 Frontage

      5 acres of commercial land for sale or lease.
      321 Plaza Rd, Laurinburg, NC 28352
      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.
    11241 Andrew Jackson Hwy
    Laurinburg, NC 28352-1399
    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

    Google sign-in failed. Please try again or use another login method.