Multi-Unit Retail Strip
5389 - 5397 Ramsey Street Fayetteville, NC 28311
5389 - 5397 Ramsey Street, Fayetteville, NC, 28311
$3,200,000
For Sale
$3,200,000
Renovated corner retail strip center with four units and 100% occupancy.
Property Size11,000 SF
Price / SF$290.91
Days on Market27
Property Features for 5389 - 5397 Ramsey Street
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1973
Listing agency
(910) 322-1496
Listed by
Gary Futch, CCIM · License #NC #265136
(910) 322-1496
Source
Grantmurrayre
Added: Jun 25 Updated: Jul 20 at 5:36PM Checked: Jul 21 at 5:25AM
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 Gary Futch, CCIM
Investment Insights
Based on property information with market context.
This shopping center includes two buildings with four total retail units, currently 100% occupied. The strip component has three units, with Unit 1 and Unit 2 sized at 1,700+ square feet each, and Unit 3 sized at 3,900+ square feet. In addition, there is a separate building sized at 3,700+ square feet. A corner building located at 5397 Ramsey Street was newly renovated in 2025. The property is identified as totaling 11,000 SF and is listed as zoned LC.
The center is positioned on a corner at 5389–5397 Ramsey Street in Fayetteville, in the Fayetteville/Methodist University area. Public remarks note 30,000+ AADT along this commercial corridor, supporting strong visibility and street-level exposure for the retail spaces.
The center is positioned on a corner at 5389–5397 Ramsey Street in Fayetteville, in the Fayetteville/Methodist University area. Public remarks note 30,000+ AADT along this commercial corridor, supporting strong visibility and street-level exposure for the retail spaces.
Key Highlights
- 11,000 SF corner retail strip center with 100% occupancy and 4 units across 2 buildings
- Corner location at 5397 Ramsey St (Ramsey St Corner) with newly renovated building in 2025
- Three‑unit strip includes two units at 1,700+ SF each and a third unit at 3,900+ SF
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.0k | $18.00 |
| − Vacancy | −$20.4k | −$1.85 |
| EGI | $177.6k | $16.15 |
| − OpEx | −$53.3k | −$4.84 |
| NOI | $124.3k | $11.30 |
11,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.55M – $2.07M
NOI $124,324 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,749 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bark Out Loud ...
Pet Grooming Service
Similar For Sale Nearby
Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 4601 Ramsey St, Fayetteville, NC 28311
FAQs
What type of property is this?
Shopping center - Renovated corner retail strip center with four units and 100% occupancy.
Where is this shopping center located?
The property is located at 5389 - 5397 Ramsey Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 11,000 SF corner retail strip center with 100% occupancy and 4 units across 2 buildings; Corner location at 5397 Ramsey St (Ramsey St Corner) with newly renovated building in 2025; Three‑unit strip includes two units at 1,700+ SF each and a third unit at 3,900+ SF
