Gas Station with 6-Bay Car
For Sale
$699,000
Pending
100 Reilly Road, Fayetteville, NC 28314
CommercialSale, Fayetteville, NC
Property Size2,040 SF
Days on Market2796
Property Features for 100 Reilly Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
LC - Limited Commercial
Parking features
Off Street, Parking Lot
Interior features
Storage
Exterior features
Storage
Subdivision
REILLY ROAD
Lot features
One To Two Acres
Standard status
Pending
APN
9498648911
Size
2,040 SF
Taxes and HOA fees
Tax Description
1.20 ACRES BENNETT LD
Legal Description
1.20 ACRES BENNETT LD
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Building materials
WoodFrame
Additional Structures
Storage
Listing Agency:
NIMOCKS CICCONE and TOWNSEND COMM. R.E.
(910) 485-1707
Listed By:
RANNY NIMOCKS · License #.
(910) 485-1707
Added: Jan 3, 2019
Changed: Aug 19
Last Checked: Aug 30 at 2:06AM
MLS# 554372
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.
Former Kangaroo gas station and convenience store with a 6-bay car wash. The property includes storage, is wood frame, and has heating provided by a heat pump with central air conditioning. The configuration totals 2,040 square feet, with parking provided by a parking lot and off-street spaces.
The site sits on the southwest corner of Morganton and Reilly Rd at a signalized intersection. Canopy and underground storage tanks have been removed. The property is served by public water and public sewer.
Built in 1989, the property offers a straightforward site for buyers looking to reuse the existing gas station/car wash footprint and improve the interior and systems for an operating concept aligned with the existing improvements.
The site sits on the southwest corner of Morganton and Reilly Rd at a signalized intersection. Canopy and underground storage tanks have been removed. The property is served by public water and public sewer.
Built in 1989, the property offers a straightforward site for buyers looking to reuse the existing gas station/car wash footprint and improve the interior and systems for an operating concept aligned with the existing improvements.
Key Highlights
- Former Kangaroo gas station and convenience store with 6‑bay car wash
- 6‑bay car wash on site; canopy and underground storage tanks removed
- 2,040 SF wood frame building with storage
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
$29,464
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
4.22%
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%
$589,280
$589.3K
Cap Rate 7%
$420,914
$420.9K
Cap Rate 9%
$327,378
$327.4K
Market Conditions
NOI Build-Up for 2,040 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
$41.6K $20.40/SF
− Vacancy
−$2.3K −$1.14/SF
EGI
$39.3K $19.26/SF
− OpEx
−$9.8K −$4.81/SF
NOI
$29.5K $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%
$589,280
Cap Rate 7%
$420,914
Cap Rate 9%
$327,378
Alternative Uses
Best Use
Specialty Retail
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$329.4K
$288.2K – $384.3K
NOI $23,056 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,295 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
4,373 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,096 visits/mo
0.1 miles
Pantry
Shops & Services
3,389 visits/mo
0.0 miles
Demographics for 28314, NC
54,271
Population
24,832
Households
2.2
Avg Household Size
33
Median Age
28%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
2,797
Density / Sq Mi
$60,036
Median Household Income
$38,047
Median Earnings
$1,197
Median Rent
$172,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Former Kangaroo station and convenience store with a 6-bay car wash, central air, and off-street parking.
Where is this gas station located?
The property is located at 100 Reilly Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Former Kangaroo gas station and convenience store with 6‑bay car wash; 6‑bay car wash on site; canopy and underground storage tanks removed; 2,040 SF wood frame building with storage
