Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fayetteville Commercial Land For Sale Title is generated by Realmo AI

    5850 Fisher Road, Fayetteville, NC 28304

    View on Map
    Claim this Listing
    For Sale
    $1,500,000

    COMMERCIAL - Fayetteville, NC

    Lot size:
    2.00 Acres
    Added:
    Dec 22, 2021
    Days on Market:
    1613
    Last Refresh:
    May 23 at 1:06 am

    Property Features for 5850 Fisher Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    CornerLot
    Standard status
    Active
    APN
    portion of 0405-15-3880
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    portion of Lot 1, Plat Book 59, Page 26

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    FRANKLIN JOHNSON
    FRANKLIN JOHNSON

    Listing agent FRANKLIN JOHNSON License #146789

    Listing office FRANKLIN JOHNSON COMMERCIAL REAL ESTATE 2547 RAVENHILL DRIVE SUITE 100, Fayetteville, NC

    Listing date Dec 22, 2021

    MLS# 675632 Listing URL

    Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2 (+/-) acre corner lot
    • Located 2 miles from Harris Teeter
    • Road frontage on two streets: Fisher Road and Lakewood Drive (approximately 300 feet each)
    • Public water and sewer available
    • Located 1 mile from Gates Four Golf and Country Club
    • High traffic volume on both streets

    Overview

    This commercial property features approximately 2 acres of land situated at the corner of Fisher Road and Lakewood Drive in Fayetteville, NC. The site offers about 300 feet of road frontage on Fisher Road and 300 feet of road frontage on Lakewood Drive. The location is approximately 2 miles from the Harris Teeter on Lakewood Drive and Rockfish Road, and 1 mile from Gates Four Golf and Country Club. Traffic counts show approximately 13,333 AADT on Lakewood Drive and 9,215 AADT on Fisher Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.996512
    Latitude
    35.003977

    Nearby Similar for Sale

    • $419,000
      5,000 SF

      Versatile Commercial Property on Bragg Boulevard

      5,000 SF commercial property on Bragg Boulevard with high visibility.
      952 Bragg Boulevard, Fayetteville, NC 28301
      View Details
    • $795,000
      8,674 SF

      High Visibility Corner Property

      Corner property with great access and road frontage.
      1813-1817 Pamalee Drive, Fayetteville, NC 28301
      View Details
    • $389,000
      2,000 SF

      Retail/Office Building with Drive-Thru

      Versatile retail/office building with drive-thru and potential apartment upstairs.
      1935 Gillespie Street, Fayetteville, NC 28306
      View Details
    • $649,000
      1,982 SF

      Freestanding Retail Building in Fayetteville

      Prime location near Fort Bragg, ideal for QSR or medical.
      5025 Santa Fe Drive, Fayetteville, NC 28303
      View Details
    • $550,000

      Fayetteville Commercial Corner Site

      Highly visible 1.25-acre commercial corner site in Fayetteville, NC.
      Graham Road, Fayetteville, NC 28304
      View Details
    • $639,000

      Fayetteville Medical Office Condo

      Medical office condo near hospital and surgery center.
      1756 Metro Medical Drive, Fayetteville, NC 28304
      View Details
    • $300,000

      Fayetteville Commercial Lot For Sale

      Vacant commercial lot near Hwy 87 and Segra Stadium.
      820 Gurley Street, Fayetteville, NC 28305
      View Details
    • $435,000
      3,353 SF

      Medical Office Investment Opportunity

      Leased medical office space near Cape Fear Valley Hospital.
      1790 Metro Medical Drive, Fayetteville, NC 28304
      View Details
    • $145,000

      High-Visibility Commercial Lot on Bragg

      0.55-acre commercial lot with high visibility on Bragg Blvd.
      1021 Bragg Boulevard, Fayetteville, NC 28301
      View Details
    • $6,000
      5,751 SF

      Downtown Fayetteville Flexible Commercial Space

      Versatile 5,000+ sq ft property in downtown Fayetteville.
      201-203 Franklin Street, Fayetteville, NC 28301
      View Details
    • $430,000

      Reilly Road Commercial Land

      3.09 acres of commercial land near Fort Bragg gate.
      590 N Reilly Road, Fayetteville, NC 28303
      View Details
    • $695,000

      Fayetteville Commercial Corner Lot

      1.5-acre commercial corner lot in Fayetteville, North Carolina.
      Village Drive, Fayetteville, NC 28304
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre commercial land with frontage on Fisher Road and Lakewood Drive.
    Where is this land located?
    The property is located at 5850 Fisher Road Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 2 (+/-) acre corner lot; Located 2 miles from Harris Teeter; Road frontage on two streets: Fisher Road and Lakewood Drive (approximately 300 feet each)
    (910) 818-8400
    We can help!
    Listing Contact
    FRANKLIN JOHNSON
    FRANKLIN JOHNSON
    Real Estate License ID: 146789
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5850 Fisher Road, Fayetteville, NC 28304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!