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Property profile & analytics
OFF-MARKET
Office buildings

121 Elwood Ave Raeford, NC 28376-2801

1,700 SF Built 1960
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US53-4504413
Property summary
AI-generated overview

This 1,500-square-foot office building presents a compelling investment or leasing opportunity in the heart of Raeford, North Carolina. Located at 121 W Elwood Ave, this single-tenant property boasts a prime downtown location, zoned CB-Central Business, offering versatility for various professional uses. Constructed in 1960, the building is classified as Class C and features a spacious layout including a large reception area, several cubicle workspaces, two private offices, a restroom, and a convenient rear storage area. The property's central location provides easy access to local amenities and key facilities, making it an attractive option for businesses seeking a well-established presence in Raeford's dynamic business district. The building's solid structure offers a strong foundation for immediate occupancy or potential customization to suit specific business needs. This property is available for purchase at $255,000 or for lease at a gross monthly rate of $1,850. Situated in Hoke County, NC, zip code 28376, this offering represents a significant opportunity within a growing market. The property is entirely vacant, providing immediate occupancy for a new tenant or owner-occupier.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction CONCRETE BLOCKS
Total area 1,700 SF
APN 694340501146
UPID US53-4504413
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hasty Insurance - A Relation Company Insurance Agency
  • Daymark Recovery Services - Hoke Center Medical Clinic
  • Daymark Medical Clinic
  • Dr. Thomas M. Jones, MD Pediatrician Medical Clinic
  • Dr. Paul M. Kocsis, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Tonya Marie Towles · 3 yrs held
Tonya Marie Towles
since 2022
Last sale
$295,000
5 recorded transactions
2022
$295,000
2019
Price N/A
2018
Price N/A
2018
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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