3-Unit Mixed-Use
For Sale
Contact for pricing
403 Gillespie Street, Fayetteville, NC 28301
Vanilla shell suites can be leased separately or configured together for a larger commercial footprint.
Property Size4,410 SF
Price / SF$0.50
Days on Market66
Property Features for 403 Gillespie Street
General Information
Standard status
Active
Size
4,410 SF
Total Parking Spaces
21
Property subtype
Retail
Additional Details
Condition
Shell
Road Access
Yes
Office Units
3
Property Use
Retail/Office
Building Details
Buildings
1
Listing Agency:
CAROLINA SUMMIT GROUP #1
(910) 236-3030
Listed By:
TRACY BILLUPS · License #354690
(910) 578-8142
Source:
Martihampton
Added: Aug 26
Changed: Oct 29
Last Checked: Oct 29 at 2:45PM
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 CAROLINA SUMMIT GROUP #1
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Investment Insights
Based on property information with market context.
Campbell Square is a three-unit mixed-use property at 403 Gillespie Street in Fayetteville. The building contains +/- 4,410 square feet, with each suite measuring approximately +/- 1,470 square feet. Space is delivered in vanilla shell condition, and tenants may take one unit or combine suites. Each has an entrance facing Gillespie Street and another opening to the rear parking area.
Access is available from Dick Street via Campbell Avenue. The property records over 9,200 vehicles per day and includes 21 parking spaces, two of them ADA-accessible. Cumberland County Courthouse and municipal buildings are within half a mile; nearby destinations include City Hall, the Chamber of Commerce, and the Sheriff's Department.
Access is available from Dick Street via Campbell Avenue. The property records over 9,200 vehicles per day and includes 21 parking spaces, two of them ADA-accessible. Cumberland County Courthouse and municipal buildings are within half a mile; nearby destinations include City Hall, the Chamber of Commerce, and the Sheriff's Department.
Key Highlights
- Three suites totaling +/- 4,410 square feet; each is approximately +/- 1,470 square feet
- Units may be leased separately or combined
- Vanilla shell delivery condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,843
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,860
$996.9K
Cap Rate 7%
$712,043
$712.0K
Cap Rate 9%
$553,811
$553.8K
Market Conditions
NOI Build-Up for 4,410 SF
Gross rent
$79.4K $18.00/SF
− Vacancy
−$8.2K −$1.85/SF
EGI
$71.2K $16.15/SF
− OpEx
−$21.4K −$4.84/SF
NOI
$49.8K $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 Rate 5%
$996,860
Cap Rate 7%
$712,043
Cap Rate 9%
$553,811
Alternative Uses
Best Use
Mixed Use
$748.4K
$654.9K – $873.2K
NOI $52,391 @ 7.0% cap · market cap 2,381.41%
Second Best
Retail
$712.0K
$623.0K – $830.7K
NOI $49,843 @ 7.0% cap · market cap 2,265.59%
Theoretical Best
Office A
$966.5K
$845.7K – $1.13M
NOI $67,653 @ 7.0% cap · market cap 3,075.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,569
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
2,169 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vanilla shell suites can be leased separately or configured together for a larger commercial footprint.
Where is this mixed-use property located?
The property is located at 403 Gillespie Street Fayetteville, NC.
What are key features of this property?
This property features: Three suites totaling +/- 4,410 square feet; each is approximately +/- 1,470 square feet; Units may be leased separately or combined; Vanilla shell delivery condition
