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Property profile & analytics
OFF-MARKET
Estimated value
$4,435,000
Strip malls
1688 Main St Laurinburg, NC 28352-5413
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4170769
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,708 SF
Lot
9.73 ac (423,839 SF)
Zoning code
GB
APN
010067 01001 A
UPID
US53-4170769
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
-
Fierce Dance Company Theater & Performing Art Venue Training Center
-
Western Union Bank Credit Union
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Primo Water Exchange Big Box & Wholesale Store
-
Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.44M
Owner & transaction history
107 Rockingham LLC · 4 yrs held
107 Rockingham LLC
since 2021
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
GB · Laurinburg, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Laurinburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laurinburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,100,000
ML approach
$4,435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,595,000
Change: 0% · Conversion: Easy
MEDICAL BUILDING
$2,735,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.44M
Range $3.99M – $4.88M · ±10% · vs last sale $4.10M (Dec 31 2020)
Last sale anchor
$4.10M
Dec 31 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$132 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,407,470
Assessed 2023
Previous assessed
$3,407,470
+0.0% YoY
Assessed land
$1,556,800
Assessed improvement
$1,850,670
Total market value
$3,407,470
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
33,708 SF
Lot
9.73 ac (423,839 SF)
Zoning code
GB
APN
010067 01001 A
UPID
US53-4170769
Jurisdiction
SCOTLAND
Zoning & alternative use
GB · Laurinburg, NC
Zoning GB · permitted uses
GB · Laurinburg, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Laurinburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
5
Lot
9.73 ac
Current owner
From public records · entity-resolved
107 Rockingham LLC
Entity
Mailing address
10 CARLIE CS DR, DUNN, NC 28334-3649
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
Net Lease Associates Laurinburg LLC
—
Deed
related
$1,823,000 · Southern First Bank NA
Dec 7, 2021
$600,000
107 Rockingham LLC
Mml & Associates LLC
Warranty Deed
$510,000 · Truist Bank
Dec 31, 2020
$4,100,000
Mml & Associates LLC
Scotland Associates Nc LLP
Special Warranty Deed
—
Aug 11, 2011
$475,000
Scottland Associates One Land Owner
St Andrews Presbyterian College
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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