Fayetteville Retail Property Near
For Sale
$425,000
1917 Ramsey St, Fayetteville, NC 28301
Two buildings on 1.77 acres near downtown Fayetteville.
Property Size3,020 SF
Lot Size1.77 Acres
Price / SF$140.73
Days on Market167
Property Features for 1917 Ramsey St
General Information
Standard status
Active
Size
3,020 SF
Lot size
1.77 Acres
Property subtype
Retail
Building Details
Building Size
3,020 SF
Year Built
1976
Listing Agency:
Grant-Murray Real Estate
Listed By:
Neil Grant · License #208918
(910) 818-3252
Source:
Grantmurrayre
Added: Mar 26
Changed: Aug 26
Last Checked: Sep 7 at 8:20AM
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 Real Estate
Investment Insights
Based on property information with market context.
The Ramsey Street property includes two parcels totaling 1.77 acres. One parcel at 1917 Ramsey encompasses 0.64 acres, while the adjacent parcel measures 1.13 acres. The 0.64-acre parcel contains two structures. One building is approximately 2300 square feet with an open-space design, an HVAC system, and two bathrooms. The second building is approximately 720 square feet with an HVAC system and a single bathroom. The commercial property is located near downtown Fayetteville, close to the VA Hospital and the MLK Freeway. The local population within a 3-mile radius is 43,240 residents. The nearby MLK Freeway provides transportation and connectivity. This property is positioned to meet community needs and capitalize on healthcare-related demand in the area.
Key Highlights
- 1.77 acres total across two parcels.
- Two buildings on the property: 2300 sq ft (with 2 bathrooms) and 720 sq ft (with 1 bathroom), both with HVAC.
- Strategically located near downtown Fayetteville, the VA Hospital, and the MLK Freeway.
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
$34,133
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
8.03%
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%
$682,660
$682.7K
Cap Rate 7%
$487,614
$487.6K
Cap Rate 9%
$379,256
$379.3K
Market Conditions
NOI Build-Up for 3,020 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
$54.4K $18.00/SF
− Vacancy
−$5.6K −$1.85/SF
EGI
$48.8K $16.15/SF
− OpEx
−$14.6K −$4.84/SF
NOI
$34.1K $11.30/SF
Area
Fayetteville, NC
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$682,660
Cap Rate 7%
$487,614
Cap Rate 9%
$379,256
Alternative Uses
Best Use
Retail
$487.6K
$426.7K – $568.9K
NOI $34,133 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$661.8K
$579.1K – $772.2K
NOI $46,329 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 28301, NC
17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
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?
Retail space - Two buildings on 1.77 acres near downtown Fayetteville.
Where is this retail space located?
The property is located at 1917 Ramsey St Fayetteville, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1.77 acres total across two parcels.; Two buildings on the property: **2300 sq ft (with 2 bathrooms) and 720 sq ft (with 1 bathroom), both with HVAC.**; Strategically located near downtown Fayetteville, the VA Hospital, and the MLK Freeway.
