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    Eastover Commercial Space For Rent Title is generated by Realmo AI

    3465 Murphy Rd, Eastover, NC 28312

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    Claim this Listing
    For Lease
    $2,500/Mo $15 SF/Yr (calc)

    Adaptable commercial space with open layout and laydown yard.

    Type:Retail - Street Retail
    Property size:
    2,000 SF
    Added:
    May 14, 2026
    Days on Market:
    16
    Last Refresh:
    May 14 at 10:06 pm

    Property Features for 3465 Murphy Rd

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Retail - Street Retail

    Building Details

    Year Built
    1999

    Spaces For Lease

    at 3465 Murphy Rd Contact us

    We can help!

    Listing Contact
    Vishal Nandwani

    Listing agent Vishal Nandwani

    Listing office Grant-Murray Real Estate

    Listing date May 14, 2026

    Source Commercialcafe

    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

    HighLights

    • ±2,000 square foot commercial space with a clean, open floor plan.
    • Large laydown yard provides valuable space for outdoor storage.
    • Strong connectivity to Interstate 95 and Highway 301 allows for convenient regional access.
    • Benefits from consistent foot traffic due to adjacent dance studio.
    • Accessibility to Fayetteville and nearby communities supports customer reach.
    • Straightforward occupancy with minimal buildout requirements.

    Overview

    Located in Eastover, this commercial space at 3465 Murphy Road offers approximately 2,000 square feet of space with an open floor plan suitable for various uses. The property benefits from its connectivity to Interstate 95 and Highway 301, facilitating regional access. The surrounding area includes local businesses and service-oriented establishments. The presence of a dance studio as an adjacent tenant provides consistent foot traffic, offering opportunities for complementary businesses. The property's accessibility to Fayetteville and nearby communities supports customer reach and workforce convenience. The layout allows for efficient interior configuration for retail, studio, service, or light operational needs. A large laydown yard enhances the property’s functionality, providing space for outdoor storage, staging, or equipment use. The building includes one restroom and requires minimal buildout for occupancy. Its adaptability makes it suitable for businesses looking to complement existing on-site tenancy.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eastover
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.7822323
    Latitude
    35.0815567

    FAQs

    What type of property is this?
    Retail space - Adaptable commercial space with open layout and laydown yard.
    Where is this retail space located?
    The property is located at 3465 Murphy Rd Eastover, NC.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: ±2,000 square foot commercial space with a clean, open floor plan.; Large laydown yard provides valuable space for outdoor storage.; Strong connectivity to Interstate 95 and Highway 301 allows for convenient regional access.
    We can help!
    Listing Contact
    Vishal Nandwani
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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