Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1240 Fort Bragg Rd Fayetteville, NC 28305

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Restaurant and tap room opportunity in Fayetteville's historic Haymount area.

    Type:Retail
    Property size:
    6,449 SF
    Added:
    Apr 18, 2024
    Days on Market:
    728
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 1240 Fort Bragg Rd

    General Information

    Standard status
    Active
    Size
    6,449 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1908

    We can help!

    Listing Contact
    Gary Futch, CCIM

    Listing agent Gary Futch, CCIM License #NC 265136

    Listing office Grant-Murray Real Estate

    Listing date Apr 18, 2024

    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

    Overview

    Fayetteville Restaurant and Tap Room

    Located at 1240 Fort Bragg Rd in Fayetteville, NC, this 6,449 SF building, originally constructed in 1908 and renovated in 2021, offers an opportunity for a restaurant and tap room. The property is situated in a commercial district, ensuring high visibility and consumer traffic. Currently operating as District House of Taps, Fayetteville's first self-pour taproom and restaurant, it features 40 taps of premium NC craft beer, wines, ciders, and sours, along with a pub menu. The location benefits from nearby retailers and dining establishments, attracting patrons from the local community and visitors to attractions such as the Airborne & Special Operations Museum and Cape Fear Botanical Garden. The city's military presence, including Fort Bragg, contributes to a steady flow of potential customers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    District House of Taps Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    • Haymount Truck Stop — 100 Broadfoot Ave, Fayetteville, NC 28305
    • Archives — 723 W Rowan St, Fayetteville, NC 28301
    • Secrets Cabaret — 912 Bragg Blvd, Fayetteville, NC 28301
    • Latitude 35 Bar & Grill — 1217 Hay St, Fayetteville, NC 28305
    • Black Jewel 8 Ball Lounge — 715 W Rowan St, Fayetteville, NC 28301

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9004251
    Latitude
    35.0577288

    Nearby Similar for Sale

    • $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
    • $389,000
      2,000 SF

      Fayetteville Retail/Office Opportunity

      Versatile building near I-95, ideal for retail or office.
      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
    • $639,000

      Fayetteville Medical Office Condo

      Medical office condo near hospital and medical school.
      1756 Metro Medical Drive, Fayetteville, NC 28304
      View Details
    • $1,999,000
      10,924 SF

      Downtown Fayetteville Commercial Property

      Commercial property in downtown Fayetteville with flexible layout and high visibility.
      123 Hay Street, Fayetteville, NC 28301
      View Details
    • $1,000,000
      2,198 SF

      Professional Office Building Near Fort Bragg

      2,168 SF office building near Fort Bragg.
      5310 Yadkin Road, Fayetteville, NC 28303
      View Details
    • $360,000

      Fayetteville Office Space with Garage

      Office space with garage in a convenient Fayetteville location.
      7670 Raeford Road, Fayetteville, NC 28304
      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
    • $595,000
      7,077 SF

      Multifamily Redevelopment Opportunity in Fayetteville

      Multifamily redevelopment project with significant groundwork completed in Fayetteville, NC.
      605 Oakridge Avenue, Fayetteville, NC 28305
      View Details
    • $795,000

      Fayetteville Retail/Warehouse Opportunity

      Metal building suitable for retail, storage, warehouse, distribution.
      1027 Pamalee Drive, Fayetteville, NC 28303
      View Details
    • $3,500,000
      27,555 SF

      Luxury Multifamily Property in Fayetteville

      18 luxury units with expansion potential in Fayetteville, North Carolina.
      2800 Amelia Drive, Fayetteville, NC 28304
      View Details
    • $749,500

      Mixed-Use Property with Income Potential

      Versatile mixed-use property with multiple rental units and business opportunity.
      2305 Clinton Road, Fayetteville, NC 28312
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Restaurant and tap room opportunity in Fayetteville's historic Haymount area.
    Where is this bar & pub located?
    The property is located at 1240 Fort Bragg Rd Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Established Restaurant and Tap Room (District House of Taps) with 40 self‑pour taps of premium NC craft beer, wines, ciders and sours.; Prime location in the heart of Fayetteville with high visibility and strong consumer traffic.; Thoughtfully renovated 6,449 SF building, originally constructed in 1908, blending historic charm with modern functionality.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gary Futch, CCIM
    Real Estate License ID: NC 265136
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!