Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    601 Lillington Hwy Spring Lake, NC 28390
    Property profile & analytics

    601 Lillington Hwy, Spring Lake, NC 28390

    View on Map
    • Individual retail properties
    • 736 SF
    • 0.34 lot acres
    For Sale
    $175,000
    View Listing →
    Retail Space on Corner Lot For Sale
    $175,000
    736 SF

    Retail Space on Corner Lot

    Retail space in Spring Lake with high traffic count.

    601 Lillington Highway, Spring Lake, NC 28390
    View Listing
    Property ID
    US53-1722847
    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

    • Family Affair Haircutters / Hair Salon / Nail Salon

    Property Details for 601 Lillington Hwy

    Year built
    1947
    Lot size
    0.34 lot acres
    Zone code
    CP
    Property type
    Individual retail properties
    APN
    0501-87-8923
    APU
    501878923

    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
    Spring Lake
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9705
    Latitude
    35.1731
    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
    2019
    $1,924
    $90,081
    $35,244
    $125,325
    -
    $90,081
    $35,244
    $125,325

    Comparable in this City

    • Value Estimation by Request
      676 SF

      207 Holland Dr

      BARBER, HAIR SALON
      207 Holland Dr, Spring Lake, NC 28390-2713
      View Details
    • Value Estimation by Request
      1,008 SF

      1407 Bragg Blvd

      BARBER, HAIR SALON
      1407 Bragg Blvd, Spring Lake, NC 28390-2010
      View Details
    • Value Estimation by Request
      2,400 SF

      1313 Bragg Blvd

      DRY CLEANER
      1313 Bragg Blvd, Spring Lake, NC 28390-2008
      View Details
    • Value Estimation by Request
      1,800 SF

      510 Main St

      BARBER, HAIR SALON
      510 Main St, Spring Lake, NC 28390-3719
      View Details
    • Value Estimation by Request
      676 SF

      822 Chapel Hl Rd

      BARBER, HAIR SALON
      822 Chapel Hl Rd, Spring Lake, NC 28390-2140
      View Details
    • Value Estimation by Request
      3,123 SF

      119 Main St

      LAUNDROMAT (SELF-SERVICE)
      119 Main St, Spring Lake, NC 28390
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,600 SF

      Former Circle K Redevelopment Opportunity

      1.58-acre parcel suitable for redevelopment or reuse.
      1886 N Bragg Blvd, Spring Lake, NC 28390
      View Details
    • Contact for pricing

      Commercial Land on Heavily Traveled Highway

      Over 5 acres with high traffic, near Fort Liberty.
      14230 Nc 210 S, Spring Lake, NC 28390
      View Details
    • Contact for pricing

      Redevelopment Opportunity with Double Drive-Thru

      0.70 acre site with existing drive-thru in Spring Lake.
      1105 N Bragg Blvd, Spring Lake, NC 28390
      View Details
    • Contact for pricing
      736 SF

      Retail Space on Corner Lot

      Retail space in Spring Lake with high traffic count.
      601 Lillington Hwy, Spring Lake, NC 28390
      View Details
    • Contact for pricing

      Spring Lake Commercial Property For Sale

      Versatile commercial property with high visibility and development potential.
      1506 N Bragg Blvd, Spring Lake, NC 28390
      View Details
    • Contact for pricing

      Retail & Garage/Warehouse Building

      Retail and warehouse buildings on Bragg Blvd with high visibility.
      1218 N Bragg Blvd, Spring Lake, NC 28390
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spring Lake Retail Space Available

      Retail spaces available in well-located Spring Lake shopping center.
      1139 N Bragg Blvd, Spring Lake, NC 28390
      View Details
    • Contact for pricing

      Retail Space Near Fort Bragg

      Retail space in Spring Lake, minutes from Fort Bragg.
      1060 Lillington Hwy, Spring Lake, NC 28390
      View Details
    • $62 SF/Yr
      6,000 SF

      Prime Spring Lake Warehouse

      6,000 SF Warehouse - Ideal Location
      212 Main St, Spring Lake, NC 28390
      View Details
    • Contact for pricing

      Land Available Near Fort Liberty

      Multiple outparcels for rent near Fort Liberty.
      Spring Ave, Spring Lake, NC 28390
      View Details
    View Listing
    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.
    601 Lillington Hwy
    Spring Lake, NC 28390
    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
    601 Lillington Hwy, Spring Lake, NC, 28390
    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!