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    403 407 Fayetteville, NC 28301

    View on Map
    Sponsored
    For Sale
    $1,300,000

    SINGLE_FAMILY - Fayetteville, NC

    Type:Retail
    Property size:
    4,410 SF
    Days on Market:
    121
    Last Refresh:
    Mar 15 at 9:06 pm

    Property Features for 403 407

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    APN
    0437518663
    Parking features
    Parking Lot, Off Street
    Size
    4,410 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Building materials
    BrickVeneer

    We can help!

    Listing Contact
    TRACY BILLUPS

    CAROLINA SUMMIT GROUP #2 (910) 236-3030

    Listing agent TRACY BILLUPS (910) 236-3030 License #354690

    Listing date Nov 14, 2025

    MLS# 752976

    Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail/Office Strip in Fayetteville

    This newer construction retail/office strip is located in Fayetteville's growing commercial corridor. The property offers versatile space, high visibility, and strong traffic flow. It is suitable for business owners or investors seeking income potential. The property features three retail office units, each offering approximately 1,470 square feet, totaling approximately 4,410 square feet of flexible space. It is ideal for offices, retail, or service-based businesses. Located just half a mile from the Cumberland County Courthouse and surrounding municipal buildings, the property is suitable for administrative, professional, financial, and legal services, as well as businesses needing storage or operations space. Nearby government offices include City Hall, the Chamber of Commerce, and the Sheriff's Department. Situated along Gillespie Street with access via Dick Street from Campbell Avenue, the site offers visibility to over 9,200 vehicles per day. The property includes 21 parking spaces, including two ADA-accessible spots. Each unit features both street-facing and rear parking lot entrances. The property delivers curb appeal, ample parking, and convenient access to major roadways, making it attractive to long-term tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.880175
    Latitude
    35.045849

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    FAQs

    What type of property is this?
    Strip mall - Newer construction retail/office strip with high visibility and traffic flow.
    Where is this strip mall located?
    The property is located at 403 407 Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - High-visibility location on Gillespie Street with over 9,200 vehicles per day.; - Versatile space suitable for retail, office, or service-based businesses, totaling approximately 4,410 square feet.; - Proximity to Cumberland County Courthouse, City Hall, Chamber of Commerce, and Sheriff's Department.
    (910) 578-8142
    Request Owner's contact information
    403 407 Fayetteville, NC 28301
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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
    403 407 Fayetteville, NC 28301
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    We can help!
    Listing Contact
    TRACY BILLUPS
    Real Estate License ID: 354690
    (910) 578-8142 (910) 236-3030
    Learn more
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