Fish Market Convenience
For Sale
$249,000
5815 Murchison Road, Fayetteville, NC 28311
CommercialSale, Fayetteville, NC
Property Size532 SF
Lot Size1.06 Acres
Price / SF$468.05
Days on Market799
Property Features for 5815 Murchison Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C3 - Heavy Commercial
Parking features
Parking Lot
Subdivision
SHAW HGHTS
Lot features
One To Two Acres, Level
Directions
From I-295, take exit for Hwy 210 S/Murchison Rd. Destination will be on the right.
Standard status
Active
APN
0429-07-3132
Size
532 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Description
SHAW HEIGHTS LO:E PT 46 & SE:01 BL:00000 PL:0008-0082
Legal Description
SHAW HEIGHTS LO:E PT 46 & SE:01 BL:00000 PL:0008-0082
Utilities
Water source
Public
Building Details
Year built
1967
Building materials
Block, WoodSiding
Listing Agency:
JNB COMMERCIAL PROPERTIES
(910) 483-9444
Listed By:
CHRYSOULA BANTSOLAS · License #334482
(910) 583-4483
Added: Jul 1, 2024
Changed: Aug 19
Last Checked: Sep 7 at 7:06PM
MLS# 728559
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.
Investment Insights
Based on property information with market context.
This tenant-occupied grocery and convenience property includes a 532-square-foot building constructed in 1967. The structure uses block and wood siding construction and is currently operated as a fish market. A parking lot serves the site, and public water is available.
The 1.06-acre property fronts Murchison Road and NC Hwy 210, with Fort Liberty located less than four miles away. The parcel is zoned C3—Heavy Commercial and sits in an area surrounded by city property that has not yet been annexed into Fayetteville. Showings should be coordinated with the broker, and the current tenant should not be disturbed.
The 1.06-acre property fronts Murchison Road and NC Hwy 210, with Fort Liberty located less than four miles away. The parcel is zoned C3—Heavy Commercial and sits in an area surrounded by city property that has not yet been annexed into Fayetteville. Showings should be coordinated with the broker, and the current tenant should not be disturbed.
Key Highlights
- 1.06‑acre site on Murchison Road and NC Hwy 210
- 532‑square‑foot building constructed in 1967
- Currently occupied by a fish market tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,680
$153.7K
Cap Rate 7%
$109,771
$109.8K
Cap Rate 9%
$85,378
$85.4K
Market Conditions
NOI Build-Up for 532 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$10.9K $20.40/SF
− Vacancy
−$608 −$1.14/SF
EGI
$10.2K $19.26/SF
− OpEx
−$2.6K −$4.81/SF
NOI
$7.7K $14.44/SF
Area
Fayetteville, NC
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,680
Cap Rate 7%
$109,771
Cap Rate 9%
$85,378
Alternative Uses
Best Use
Specialty Retail
$109.8K
$96.1K – $128.1K
NOI $7,684 @ 7.0% cap · market cap 3.09%
Second Best
Retail
$85.9K
$75.2K – $100.2K
NOI $6,013 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$116.6K
$102.0K – $136.0K
NOI $8,161 @ 7.0% cap · market cap 3.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28311, NC
36,302
Population
16,275
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
36.5 sq mi
ZIP Area
995
Density / Sq Mi
$60,033
Median Household Income
$38,469
Median Earnings
$1,122
Median Rent
$195,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Tenant-occupied neighborhood retail building with parking and C3 heavy-commercial zoning on a 1.06-acre tract.
Where is this grocery and convenience store located?
The property is located at 5815 Murchison Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1.06‑acre site on Murchison Road and NC Hwy 210; 532‑square‑foot building constructed in 1967; Currently occupied by a fish market tenant
