Fayetteville Retail Property Near
1917 Ramsey St Fayetteville, NC 28301
For Sale
Contact for pricing
Two buildings on 1.77 acres near downtown Fayetteville.
Property Size3,020 SF
Lot Size1.77 Acres
Price / SF$140.73
Days on Market931
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
- Year Built
- 1976
Listing Agency:
Grant-Murray Real Estate
(910) 818-3252
Listed By:
Neil Grant · License #NC 208918
Source:
Crexi
Added: Jan 5, 2024
Changed: Jul 6
Last Checked: Jul 23 at 11:17AM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $18.00 |
| − Vacancy | −$5.6k | −$1.85 |
| EGI | $48.8k | $16.15 |
| − OpEx | −$14.6k | −$4.84 |
| NOI | $34.1k | $11.30 |
3,020 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Plinky's Snack Shack
Restaurant
FAQs
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.
