Flex Space with Second-Floor
For Sale
Contact for pricing
201-203 Franklin Street, Fayetteville, NC 28301
Two street-level entrances and a rear roll-up door provide separate access for visitors and deliveries.
Property Size5,751 SF
Price / SF$1.04
Days on Market379
Property Features for 201-203 Franklin Street
General Information
Standard status
Active
Size
5,751 SF
Property subtype
Commercial
Zoning
DT - Downtown
Additional Details
Road Access
Yes
Amenities
two main street-level entrances
rear roll-up door
two spacious second-floor lofts
Building Details
Building Size
5,751 SF
Year Built
1910
Buildings
1
Listing Agency:
GRANT-MURRAY HOMES
(910) 758-8322
Listed By:
RAYMOND SHARP · License #258881
(910) 987-7511
Source:
Dwellraleigh
Added: Oct 10, 2025
Changed: Oct 23
Last Checked: Oct 23 at 4:33PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 201-203 Franklin Street, this 5,751-square-foot flex property was built in 1910 and includes two street-level entrances, a rear roll-up door, and two lofts on the second floor. The interior can be arranged for one occupant or divided among multiple tenants. Zoning is DT - Downtown.
The property is in downtown Fayetteville, across the street from a parking deck. Its combination of street entrances, rear loading access, and upper-level loft space offers a range of ways to organize the building.
The property is in downtown Fayetteville, across the street from a parking deck. Its combination of street entrances, rear loading access, and upper-level loft space offers a range of ways to organize the building.
Key Highlights
- 5,751 square feet of flex space
- Two street‑level entrances and a rear roll‑up door
- Two second‑floor lofts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,530
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,600
$1.2M
Cap Rate 7%
$836,143
$836.1K
Cap Rate 9%
$650,333
$650.3K
Market Conditions
NOI Build-Up for 5,751 SF
Gross rent
$89.7K $15.60/SF
− Vacancy
−$6.1K −$1.06/SF
EGI
$83.6K $14.54/SF
− OpEx
−$25.1K −$4.36/SF
NOI
$58.5K $10.18/SF
Area
Fayetteville, NC
Vacancy
6.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,600
Cap Rate 7%
$836,143
Cap Rate 9%
$650,333
Alternative Uses
Best Use
Retail
$928.6K
$812.5K – $1.08M
NOI $64,999 @ 7.0% cap · market cap 1,083.32%
Second Best
Flex RnD
$843.3K
$737.9K – $983.9K
NOI $59,033 @ 7.0% cap · market cap 983.88%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,225 @ 7.0% cap · market cap 1,470.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,874
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two street-level entrances and a rear roll-up door provide separate access for visitors and deliveries.
Where is this flex space located?
The property is located at 201-203 Franklin Street Fayetteville, NC.
What are key features of this property?
This property features: 5,751 square feet of flex space; Two street‑level entrances and a rear roll‑up door; Two second‑floor lofts
