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    Property profile & analytics

    1382 Main St Raeford, NC 28376-8017

    • Specialty properties
    • 1,300 SF
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4564132
    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

    • Doby's Funeral Home / Funeral Home

    Property Details for 1382 Main St

    Year built
    1961
    Construction
    FRAME
    Property size
    1,300 SF
    Property type
    Specialty properties
    APN
    694351401064
    APU
    694351401064

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Raeford
    County
    Hoke
    State
    North Carolina
    Longitude
    -79.2224
    Latitude
    34.9963
    CBSA code
    22180
    CBSA name
    FAYETTEVILLE, NC METROPOLITAN 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
    2024
    $504
    $28,590
    $32,120
    $60,710
    -
    $28,590
    $32,120
    $60,710

    Comparable in this City

    • Value Estimation
      $250,000
      1,798 SF

      2749 Lindsay Rd

      CHARITABLE ORGANIZATION • 1,798 SF
      2749 Lindsay Rd, Raeford, NC 28376
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    • Value Estimation
      $225,000
      2,304 SF

      273 Gladstone St

      CHARITABLE ORGANIZATION • 2,304 SF
      273 Gladstone St, Raeford, NC 28376-3263
      View Details
    • Value Estimation
      $260,000
      1,798 SF

      1690 Loop Rd

      CHARITABLE ORGANIZATION • 1,798 SF
      1690 Loop Rd, Raeford, NC 28376
      View Details
    • Value Estimation
      $245,000
      3,600 SF

      720 Palmer St

      CHARITABLE ORGANIZATION • 3,600 SF
      720 Palmer St, Raeford, NC 28376
      View Details
    • Value Estimation
      $270,000
      2,944 SF

      105 Saint Johns Loop

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,944 SF
      105 Saint Johns Loop, Raeford, NC 28376-6936
      View Details
    • Value Estimation
      $245,000
      2,635 SF

      200 College Dr

      CHARITABLE ORGANIZATION • 2,635 SF
      200 College Dr, Raeford, NC 28376
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      253 Flagstone Ln, Raeford, NC 28376

      Retail properties
      253 Flagstone Ln, Raeford, NC 28376
      View Details
    • Contact for pricing

      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
      View Details
    • $55,000
      0.34 Acres

      Cleared Lot Ready for Home

      Cleared 0.34 acre lot approved for a 4-bedroom home.
      2 Rockfish Rd, Raeford, NC 28376
      View Details
    • $50,000
      2.46 Acres

      Residential Land in Raeford, NC

      Two wooded lots totaling 2.46 acres in Raeford, NC.
      Blake Dr And Off Hwy 401 Dr, Raeford, NC 28376
      View Details
    • $70,000
      3.60 Acres

      Land in Equestrian Community

      3.6 acres of land suitable for horses.
      778 Parker Church Rd, Raeford, NC 28376
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,000 SF

      Raeford Retail/Office Space Available

      High-visibility retail/office space in a thriving commercial corridor.
      220 Gridley Ln, Raeford, NC 28376
      View Details
    • $14,002 /Mo

      Raeford Medical Office Third Floor

      6,500 SF medical office space in Raeford, North Carolina.
      142 Paraclete Dr, Raeford, NC 28376
      View Details
    • $3,000 /Mo

      Retail Space in Raeford, NC

      Prime retail space available in a high-traffic Raeford location.
      117 Great Ln, Raeford, NC 28376
      View Details
    • $18 SF/Yr
      10,000 SF

      Prime Raeford Creative Office Space

      2,000 SF Available, Modern Office
      220 Gridley Ln, Raeford, NC 28376
      View Details
    • $20 SF/Yr
      17,000 SF

      Midway Plaza Retail Space

      Raeford, NC Retail Opportunity
      8100 Fayetteville Rd, Raeford, NC 28376
      View Details
    • Contact for pricing
      151,533 SF

      Shoppes at Raeford Retail Center

      Prime Raeford retail space available.
      4545 Fayetteville Rd, Raeford, NC 28376
      View Details
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    1382 Main St
    Raeford, NC 28376-8017
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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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