Building Details

Year built 1949

Building materials BrickVeneer

Listing Agency: GRANT-MURRAY HOMES Show Phone

Listed By: RAYMOND SHARP · License #258881 Show Phone

Added: Jul 13 Changed: Sep 22 Last Checked: Oct 10 at 7:06AM

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MLS# 764927

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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,731

Cap Rate

8.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$554,620 $554.6K

Cap Rate 7%

$396,157 $396.2K

Cap Rate 9%

$308,122 $308.1K

Market Conditions

NOI Build-Up for 3,304 SF

Gross rent

$53.5K $16.20/SF

− Vacancy

−$3.1K −$0.94/SF

EGI

$50.4K $15.26/SF

− OpEx

−$22.7K −$6.87/SF

NOI

$27.7K $8.39/SF

Area

Fayetteville, NC

Vacancy

5.80%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$554,620

Cap Rate 7%

$396,157

Cap Rate 9%

$308,122

Alternative Uses

Best Use

Apartment 5plus

$396.2K

$346.6K – $462.2K (±1% cap)

NOI $27,731 @ 7.0% cap · market cap 8.67%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$724.1K

$633.6K – $844.8K (±1% cap)

NOI $50,686 @ 7.0% cap · market cap 15.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Building Supply Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

207

Businesses Nearby

Explore this area Business Placement

Demographics for 28306, NC

44,615

Population

17,723

Households

2.5

Avg Household Size

36

Median Age

28%

College-Educated

90%

High-School Grad

69.7 sq mi

ZIP Area

640

Density / Sq Mi

$63,175

Median Household Income

$40,258

Median Earnings

$1,115

Median Rent

$218,900

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

Where is this commercial land located?

The property is located at 3030 Cumberland Road Fayetteville, NC.

What is the asking price?

The asking price for this property is $320,000.