Flex Space with Laydown
For Sale
$600,000
131 Dunn Rd, Fayetteville, NC 28312
Versatile commercial building with adjoining acreage for yard or parking use, subject to applicable requirements.
Property Size2,940 SF
Lot Size5.26 Acres
Price / SF$204.08
Days on Market67
Property Features for 131 Dunn Rd
General Information
Standard status
Active
Size
2,940 SF
Class
B
Lot size
5.26 Acres
Property subtype
Office
Zoning
HI
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
2,940 SF
Year Built
1942
Buildings
1
Listing Agency:
GRANT-MURRAY HOMES
(910) 322-1496
Listed By:
Gary Futch, CCIM · License #NC #265136
(910) 322-1496
Source:
Grantmurrayre
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 29 at 5:50PM
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 GRANT-MURRAY HOMES
Investment Insights
Based on property information with market context.
The property at 131 Dunn Rd in Fayetteville includes a 2,940-square-foot building configured for retail, office, and warehouse functions. Constructed in 1942, the building is part of a two-parcel property totaling 5.26 acres and is zoned HI.
The surrounding acreage provides room for a laydown yard or additional parking, subject to applicable requirements. The combination of enclosed commercial space and substantial land supports a range of operational layouts within the property's existing zoning framework.
The surrounding acreage provides room for a laydown yard or additional parking, subject to applicable requirements. The combination of enclosed commercial space and substantial land supports a range of operational layouts within the property's existing zoning framework.
Key Highlights
- 2,940 SF building with retail, office, and warehouse configuration
- Two parcels totaling 5.26 acres
- HI zoning
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
$35,941
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
5.99%
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%
$718,820
$718.8K
Cap Rate 7%
$513,443
$513.4K
Cap Rate 9%
$399,344
$399.3K
Market Conditions
NOI Build-Up for 2,940 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
$60.0K $20.40/SF
− Vacancy
−$12.1K −$4.10/SF
EGI
$47.9K $16.30/SF
− OpEx
−$12.0K −$4.07/SF
NOI
$35.9K $12.22/SF
Area
Fayetteville, NC
Vacancy
20.10%
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%
$718,820
Cap Rate 7%
$513,443
Cap Rate 9%
$399,344
Alternative Uses
Best Use
Office B
$513.4K
$449.3K – $599.0K
NOI $35,941 @ 7.0% cap · market cap 5.99%
Second Best
Warehouse
$479.1K
$419.2K – $559.0K
NOI $33,539 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$644.3K
$563.8K – $751.7K
NOI $45,102 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28312, NC
19,723
Population
8,706
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
164.1 sq mi
ZIP Area
120
Density / Sq Mi
$66,441
Median Household Income
$38,233
Median Earnings
$961
Median Rent
$207,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with adjoining acreage for yard or parking use, subject to applicable requirements.
Where is this flex space located?
The property is located at 131 Dunn Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,940 SF building with retail, office, and warehouse configuration; Two parcels totaling 5.26 acres; HI zoning
