Gated Multifamily
New
For Sale
$1,160,000
1010 Laurel St, Fayetteville, NC 28303
The 2025-built property is offered as Phase 1, with a separately negotiable option for approved future townhome development.
Property Size7,080 SF
Days on Market2
Property Features for 1010 Laurel St
General Information
Standard status
Active
Size
7,080 SF
Property subtype
Multifamily
Amenities
gated community
Building Details
Building Size
7,080 SF
Year Built
2025
Listed By:
Richard L. Fox III, Esq.
(910) 988-4263
Source:
Grantmurrayre
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Richard L. Fox III, Esq.
Investment Insights
Based on property information with market context.
Cliffs at Laurel is a gated multifamily community in Fayetteville, North Carolina. Built in 2025, the property is being offered as Phase 1 of the development. An option to purchase the approved Phases 2–3, which would add 7 townhomes, may be negotiated with the Phase 1 sale. A further phase of 4 units is under consideration by the owner.
Key Highlights
- Gated multifamily community at 1010 Laurel St, Fayetteville, NC 28303
- Year built: 2025
- Approved Phases 2–3 include 7 additional townhomes; purchase may be negotiated with Phase 1
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,424
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,480
$1.2M
Cap Rate 7%
$848,914
$848.9K
Cap Rate 9%
$660,267
$660.3K
Market Conditions
NOI Build-Up for 7,080 SF
Gross rent
$114.7K $16.20/SF
− Vacancy
−$6.7K −$0.94/SF
EGI
$108.0K $15.26/SF
− OpEx
−$48.6K −$6.87/SF
NOI
$59.4K $8.39/SF
Area
Fayetteville, NC
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,480
Cap Rate 7%
$848,914
Cap Rate 9%
$660,267
Alternative Uses
Best Use
Apartment 5plus
$848.9K
$742.8K – $990.4K
NOI $59,424 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,613 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The 2025-built property is offered as Phase 1, with a separately negotiable option for approved future townhome development.
Where is this multifamily property located?
The property is located at 1010 Laurel St Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: Gated multifamily community at 1010 Laurel St, Fayetteville, NC 28303; Year built: 2025; Approved Phases 2–3 include 7 additional townhomes; purchase may be negotiated with Phase 1
