Retail Space with
For Sale
$550,000
2820 Ramsey Street, Fayetteville, NC 28301
CommercialSale, Fayetteville, NC
Property Size3,536 SF
Lot Size0.66 Acres
Price / SF$155.54
Days on Market48
Property Features for 2820 Ramsey Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
LC - Limited Commercial
Parking
26
Parking features
Parking Lot
Security features
Security
Subdivision
RAMSEY ST
Standard status
Active
APN
0439-60-8335
Size
3,536 SF
Lot size
0.66 Acres
Taxes and HOA fees
Tax Description
PL:0119-0085
Legal Description
PL:0119-0085
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1974
Building materials
BoardAndBattenSiding
Roof type
Metal
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 864-2626
Listed By:
FRANKLIN JOHNSON · License #146789
(910) 818-8400
Added: Jul 21
Changed: Aug 19
Last Checked: Sep 6 at 2:06AM
MLS# 766108
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2820 Ramsey Street in Fayetteville, this retail property includes 3,536 square feet of building area, a basement, and a 26-space parking lot on 0.66 acres. Constructed in 1974, the building features a metal roof, board-and-batten siding, public water, and public sewer. Its commercial history includes prior operation as a McDonald's restaurant and a more recent use as an ABC liquor store.
The site records 27,500 VPD according to NCDPT 2024 data and provides access to Downtown Fayetteville, I-295, and Fort Liberty. LC, or Limited Commercial, zoning supports the property's established commercial setting, with future uses subject to zoning verification. The surrounding area includes established businesses, shopping, and residential neighborhoods.
The site records 27,500 VPD according to NCDPT 2024 data and provides access to Downtown Fayetteville, I-295, and Fort Liberty. LC, or Limited Commercial, zoning supports the property's established commercial setting, with future uses subject to zoning verification. The surrounding area includes established businesses, shopping, and residential neighborhoods.
Key Highlights
- 3,536 SF retail building with basement on 0.66 acres
- 26‑space parking lot included
- 27,500 VPD on Ramsey Street per NCDPT 2024
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
$39,965
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
7.27%
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%
$799,300
$799.3K
Cap Rate 7%
$570,929
$570.9K
Cap Rate 9%
$444,056
$444.1K
Market Conditions
NOI Build-Up for 3,536 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
$63.6K $18.00/SF
− Vacancy
−$6.6K −$1.85/SF
EGI
$57.1K $16.15/SF
− OpEx
−$17.1K −$4.84/SF
NOI
$40.0K $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%
$799,300
Cap Rate 7%
$570,929
Cap Rate 9%
$444,056
Alternative Uses
Best Use
Retail
$570.9K
$499.6K – $666.1K
NOI $39,965 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$774.9K
$678.1K – $904.1K
NOI $54,245 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
6,588 visits/mo
0.1 miles
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 - LC-zoned commercial property with a basement, public utilities, and dedicated parking along a high-traffic retail corridor.
Where is this retail space located?
The property is located at 2820 Ramsey Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,536 SF retail building with basement on 0.66 acres; 26‑space parking lot included; 27,500 VPD on Ramsey Street per NCDPT 2024
