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

    342 N Eastern Blvd Fayetteville, NC 28301

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

    Shopping center with national tenants and high visibility.

    Type:Retail
    Added:
    Jan 6, 2024
    Days on Market:
    829
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 342 N Eastern Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 342 N Eastern Blvd Contact us

    We can help!

    Listing Contact
    Vishal Nandwani

    Listing agent Vishal Nandwani License #NC 314170

    Listing office Grant-Murray Real Estate

    Listing date Jan 6, 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

    Large Community Shopping Center

    The Cape Fear Plaza shopping center is a large community center anchored by national tenants, including Food Lion, Roses Express, Rainbow, CitiTrends, Dollar Tree, and Pizza Hut. The center benefits from access from multiple streets and excellent visibility. The property benefits from the 23,000+ residents in a three-mile radius as well as the 49,000+ daytime population within three miles. Cape Fear Plaza is located at the intersection of Eastern Blvd (17,464 ADT) and Grove St (28,236 ADT). Downtown Fayetteville is a few minutes from this property and has $100+ million in new development with the construction of a minor league baseball stadium, a condo project, a parking garage, and a hotel. Cape Fear Plaza is the largest shopping center that supports the downtown submarket.
    Location Intelligence

    Current Use by Public Records

    Young's Beauty Supply (Bike/Boat/Book/etc) Store Roses Stores Department Store Food Lion Grocery & Convenience Store Shoe Show Mega ... Clothing & Fashion Store Western Union Bank

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Law Firm

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

    Similar Places Nearby

    • Eastside Shopping Center — 1322 Clinton Rd, Fayetteville, NC 28312
    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 342 N Eastern Blvd, Fayetteville, NC 28301

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8624885
    Latitude
    35.051197

    Nearby Similar for Lease

    • Contact for pricing

      Fayetteville Flex Building For Lease

      3,200 SF flex building suitable for office or warehouse use.
      3119 Camden Road, Fayetteville, NC 28306
      View Details
    • Contact for pricing

      Fayetteville Commercial Space For Lease

      Versatile commercial spaces available on Clinton Road, Fayetteville, NC.
      1516 & 1518 Clinton Road, Fayetteville, NC 28312
      View Details
    • Contact for pricing

      Fayetteville Second Floor Office Space

      Second floor office space with shared common areas and utilities.
      2537 Raeford Road unit: D, Fayetteville, NC 28305
      View Details
    • Contact for pricing

      Class A Office Suite

      Refined office suite in Fayetteville's established business district.
      639 Executive Place unit: 202, Fayetteville, NC 28305
      View Details
    • Contact for pricing

      Downtown Fayetteville Office Space

      Single-room office in historic downtown Fayetteville building for rent.
      219 Dick Street unit: E, Fayetteville, NC 28301
      View Details
    • Contact for pricing

      Fayetteville Commercial Space For Rent

      Versatile commercial space suitable for office or retail use.
      6269 Yadkin Road, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      Fayetteville Commercial Suite For Rent

      Well-located commercial suite suitable for personal service or professional use.
      5114 Yadkin Road unit: 104, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      Retail Space in Growing Fayetteville

      Recently constructed retail space available in a high-traffic Fayetteville location.
      9566 Cliffdale Road unit: 190, Fayetteville, NC 28304
      View Details
    • Contact for pricing

      Fayetteville Flex Space For Rent

      Flex space with offices, warehouse, and fenced yard near I-95.
      2978 Gillespie Street, Fayetteville, NC 28306
      View Details
    • Contact for pricing

      Downtown Fayetteville Office Space Available

      Lower-level office space in revitalizing downtown Fayetteville.
      125 Person Street, Fayetteville, NC 28301
      View Details
    • Contact for pricing

      Fayetteville Commercial Space For Rent

      Commercial/medical/retail space in central Fayetteville location.
      211 Owen Drive, Fayetteville, NC 28304
      View Details
    • Contact for pricing

      Fayetteville Office, Showroom, Warehouse Space

      10,000 SF office, showroom, and warehouse space for lease.
      404 Chicago Drive, Fayetteville, NC 28306
      View Details

    FAQs

    What type of property is this?
    Shopping center - Shopping center with national tenants and high visibility.
    Where is this shopping center located?
    The property is located at 342 N Eastern Blvd Fayetteville, NC.
    What are key features of this property?
    This property features: Anchored by national tenants including Food Lion, Roses Express, Rainbow, CitiTrends, and Dollar Tree.; Located at the intersection of Eastern Blvd (17,464 ADT) and Grove St (28,236 ADT), offering excellent access and visibility.; Benefits from a large local population: 23,000+ residents and 49,000+ daytime population within a three‑mile radius.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Vishal Nandwani
    Real Estate License ID: NC 314170
    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!