Restaurant Building Under
For Sale
$450,000
Pending
3500 Murchison Rd, Fayetteville, NC 28311
Renovation is underway to prepare the former restaurant for new restaurant use.
Property Size2,300 SF
Days on Market69
Property Features for 3500 Murchison Rd
General Information
Standard status
Pending
Size
2,300 SF
Property subtype
Commercial
Building Details
Year Built
1987
Listing Agency:
COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Listed By:
DAVID HELMS · License #209889
(910) 257-1634
Source:
Fayettevillehomesource
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 26 at 4:47PM
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 COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
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Investment Insights
Based on property information with market context.
This former restaurant is undergoing a complete interior renovation following a small fire. The planned improvements are intended to support renewed restaurant use, with scheduled completion by the end of 10/26.
The property is located at 3500 Murchison Rd in Fayetteville, North Carolina. Its established restaurant configuration and active renovation program position the building for a new restaurant operation after construction is completed.
The property is located at 3500 Murchison Rd in Fayetteville, North Carolina. Its established restaurant configuration and active renovation program position the building for a new restaurant operation after construction is completed.
Key Highlights
- Complete renovation underway after a small fire
- Scheduled completion by the end of 10/26
- Planned for new restaurant use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,219
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,380
$664.4K
Cap Rate 7%
$474,557
$474.6K
Cap Rate 9%
$369,100
$369.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$46.9K $20.40/SF
− Vacancy
−$2.6K −$1.14/SF
EGI
$44.3K $19.26/SF
− OpEx
−$11.1K −$4.81/SF
NOI
$33.2K $14.44/SF
Area
Fayetteville, NC
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,380
Cap Rate 7%
$474,557
Cap Rate 9%
$369,100
Alternative Uses
Best Use
Specialty Retail
$474.6K
$415.2K – $553.7K
NOI $33,219 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.1K
$441.1K – $588.1K
NOI $35,284 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 50%
McDonald's
Dining
21,768 visits/mo
0.2 miles
Circle K
Shops & Services
14,600 visits/mo
0.2 miles
Hardee's
Dining
8,397 visits/mo
0.1 miles
Exxon
Shops & Services
4,989 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,219 visits/mo
0.1 miles
Demographics for 28311, NC
36,302
Population
16,275
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
36.5 sq mi
ZIP Area
995
Density / Sq Mi
$60,033
Median Household Income
$38,469
Median Earnings
$1,122
Median Rent
$195,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovation is underway to prepare the former restaurant for new restaurant use.
Where is this conventional restaurant located?
The property is located at 3500 Murchison Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Complete renovation underway after a small fire; Scheduled completion by the end of 10/26; Planned for new restaurant use
