Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21720 Wagram Rd Laurinburg, NC 28352
    Back to Search
    Property profile & analytics

    21720 Wagram Rd Laurinburg, NC 28352

    View on Map
    • Office Units
    • 10,000 SF
    Off-Market
    Property ID
    US53-2901709
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Thomas Locklear Cabinets / General Contractor / Renovation Specialist

    Property Details for 21720 Wagram Rd

    Property size
    10,000 SF
    Property type
    Office Units
    Property subtype
    Distribution centers

    Description

    This exceptional 10,000-square-foot single-tenant industrial property, located at 21720 Wagram Rd, Laurinburg, NC 28352, presents a unique opportunity for a cabinetry and CNC professional. Situated in Scotland County, this one-story building offers a blend of manufacturing, warehouse, and creative office space, ideal for a business seeking established clientele and a strong local reputation. The property boasts a rich history as Thomas Locklear Cabinets, a well-established custom cabinetry shop with over 50 years of operation and a loyal customer base exceeding 1,500 clients. This turnkey operation includes an extensive network of vendors and contractors, ensuring a seamless transition for the new owner. The property's location offers a significant advantage, being the only custom cabinetry shop within a 35-mile radius, serving a wide area including Charlotte, Raleigh, Fayetteville, Myrtle Beach/Wilmington, and Florence, SC. The successful candidate will manage and maintain CNC machinery and software, oversee cabinetry construction, finishing, and installation, cultivate existing client and vendor relationships, lead a team of apprentices, and participate in showroom consultations. This is a rare chance to acquire a thriving business with a proven track record and significant growth potential. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurinburg
    County
    Scotland
    State
    North Carolina
    Longitude
    -79.3942245
    Latitude
    34.8559761

    Similar Nearby for Sale

    • $425,000
      1.48 Acres

      Laurinburg Commercial Property with Warehouse

      Versatile commercial property with office, storage, and development potential.
      204 E Railroad St, Laurinburg, NC 28352
      View Details
    • $225,000
      1,000 SF

      Laurinburg Commercial Building with Warehouse

      Corner-lot commercial building with warehouse space in central Laurinburg.
      231 Biggs St, Laurinburg, NC 28352
      View Details
    • $395,000
      1,290 SF

      Laurinburg Commercial Property on Two Acres

      4000 SF building on 2 acres, fenced back area.
      17421 Plant Rd, Laurinburg, NC 28352
      View Details
    • $155,000
      Pending

      Vacant Warehouse and Office Spaces

      Vacant warehouse and office spaces available for sale.
      211 W Cronly St, Laurinburg, NC 28352
      View Details
    • $170,000
      3,867 SF

      Laurinburg Commercial Building For Sale

      Commercial building in downtown Laurinburg with multiple rental opportunities.
      329 S Main St, Laurinburg, NC 28352
      View Details
    • $212,000
      1,565 SF

      Laurinburg Office Investment Opportunity

      Office property in Laurinburg, leased with long-term tenant.
      911 Atkinson St, 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.
    21720 Wagram Rd
    Laurinburg, NC 28352
    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
    21720 Wagram Rd, Laurinburg, NC, 28352
    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!