Retail Building With
For Sale
$550,000
2820 Ramsey St, Fayetteville, NC 28301
Built in 1974, this limited-commercial retail building includes a basement, 26 parking spaces, and 27,500 VPD frontage.
Property Size3,536 SF
Lot Size0.66 Acres
Price / SF$155.54
Days on Market34
Property Features for 2820 Ramsey St
General Information
Standard status
Active
Size
3,536 SF
Total Parking Spaces
26
Lot size
0.66 Acres
Zoning
LC
Site & Location
Traffic Count
27,500 vehicles/day
Highway Access
Yes
Building Details
Year Built
1974
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 818-8400
Listed By:
FRANKLIN JOHNSON · License #255151
(910) 818-8400
Source:
Exprealty
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 21 at 10:14PM
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 FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This retail commercial building, built in 1974, includes 3,536 square feet plus a basement. The property sits on 0.66 acres and provides 26 parking spaces. It is zoned LC (Limited Commercial), and the offering includes a documented history of customer-focused retail use, originally developed and operated as a McDonald’s restaurant and most recently served as an ABC liquor store.
The building is located on Ramsey Street and is positioned for visibility along a high-volume corridor, with 27,500 VPD reported for NCDPT (2024). The remarks note convenient access to Downtown Fayetteville, I-295, and Fort Liberty, and the site is described as surrounded by established businesses, shopping, and residential neighborhoods.
This is a for-sale opportunity for an owner-user, investor, or redevelopment project, subject to zoning verification for future uses.
The building is located on Ramsey Street and is positioned for visibility along a high-volume corridor, with 27,500 VPD reported for NCDPT (2024). The remarks note convenient access to Downtown Fayetteville, I-295, and Fort Liberty, and the site is described as surrounded by established businesses, shopping, and residential neighborhoods.
This is a for-sale opportunity for an owner-user, investor, or redevelopment project, subject to zoning verification for future uses.
Key Highlights
- Commercial building built in 1974 with 3,536 SF plus a basement
- Located on 0.66 acres with 26 parking spots
- LC (Limited Commercial) 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
$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
Under-served
Demand for This Use
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?
Storefront property - Built in 1974, this limited-commercial retail building includes a basement, 26 parking spaces, and 27,500 VPD frontage.
Where is this storefront property located?
The property is located at 2820 Ramsey St 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: Commercial building built in 1974 with 3,536 SF plus a basement; Located on 0.66 acres with 26 parking spots; LC (Limited Commercial) zoning
