Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Murchison Road Commercial Land Available Title is generated by Realmo AI

    4437 Murchison Rd, Fayetteville, NC 28311

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    7.71 acres with frontage on Murchison Road.

    Type:Land
    Property size:
    1,080 SF
    Lot size:
    7.71 Acres
    Price / SF:
    $315/SF
    Added:
    Apr 11, 2023
    Days on Market:
    1153
    Last Refresh:
    May 12 at 10:41 pm

    Property Features for 4437 Murchison Rd

    General Information

    Standard status
    Active
    Size
    1,080 SF
    Lot size
    7.71 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Neil Grant

    Listing agent Neil Grant License #NC 208918

    Listing office Grant-Murray Real Estate

    Listing date Apr 11, 2023

    Source Crexi

    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 Grant-Murray Real Estate

    HighLights

    • Large Lot: 6.81 - 7.71 acres of land
    • High Road Frontage: 147 ft of frontage on Murchison Rd
    • Convenient Location: Approximately 1.5 miles from I‑295
    • Two Buildings Included: One building is 1080 SF and another is 798 SF
    • Mostly timber land
    • Site was previously used for Checker Yellow Cab business

    Overview

    The property at 4437 Murchison Rd is available for sale. It features 147 feet of frontage along Murchison Road and opens up in the back, consisting mostly of timber. The deeded acreage is 7.71 acres, while the county GIS calculated acreage is 6.81 acres. The site has two buildings, one of which is 1080 square feet and the other is 798 square feet, built in 1920. The land slopes in the back, as depicted in the topography map. The site was previously used for a Checker Yellow Cab business. It is located approximately 3,000 feet from the intersection of Pamalee Drive and approximately 1.5 miles from I-295, serving all of Fayetteville, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Checker Yellow Cab Courier Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9218675
    Latitude
    35.1041427

    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
    • $1,425,000
      17,253 SF

      Industrial Warehouse with Rail Access

      Pre-engineered warehouse with modular office and rail access, well suited for warehousing, distribution, and fabrication operations.
      595 S King Street, 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
    • $449,000
      2,078 SF

      Fayetteville Medical/Retail Opportunity on Owen

      Versatile 2,078 SF building near Cape Fear Valley Medical Center.
      518 Owen Drive, Fayetteville, NC 28304
      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
    • $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
    • $550,000

      Fayetteville Commercial Property For Sale

      Versatile commercial property with high visibility and endless business potential.
      114 Anderson Street, Fayetteville, NC 28301
      View Details
    • $625,000

      Medical Office Condo Suite

      Well-positioned medical office condo with multiple exam rooms, offices, and reception/waiting areas.
      1756 Metro Medical Drive, Fayetteville, NC 28304
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.71 acres with frontage on Murchison Road.
    Where is this commercial land located?
    The property is located at 4437 Murchison Rd Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $340,500.
    What are key features of this property?
    This property features: Large Lot: 6.81 - 7.71 acres of land; **High Road Frontage: 147 ft of frontage on Murchison Rd**; Convenient Location: Approximately 1.5 miles from I‑295
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Neil Grant
    Real Estate License ID: NC 208918
    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
    4437 Murchison Rd, Fayetteville, NC 28311
    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!