Restaurant Building Under
New
For Sale
$450,000
3500 Murchison Rd, Fayetteville, NC 28311
Renovation is underway to prepare the former restaurant for new restaurant use.
Property Size2,300 SF
Price / SF$195.65
Days on Market6
Property Features for 3500 Murchison Rd
General Information
Standard status
Active
Size
2,300 SF
Listing Agency:
COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
(910) 483-5353
Listed By:
DAVID HELMS · License #209889
(910) 257-1634
Source:
Exprealty
Added: Aug 28
Changed: Aug 31
Last Checked: Sep 2 at 12:45AM
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
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 = 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
$33,219
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
7.38%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
