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    The Largest CRE Database in the US with Over 1 Million Listings

    1912 Skibo Rd Fayetteville, NC 28314

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    For Lease
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    66,464 SF Single-Tenant Retail Space

    Lot size:
    66,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    425
    This exceptional 66,464-square-foot retail space presents a unique investment opportunity in Fayetteville, North Carolina. Located on Skibo Road, one of the city's busiest retail corridors with approximately 47,000 vehicles per day, this property boasts high visibility and significant frontage (215 feet). The building features 22-foot high ceilings, making it ideal for a variety of retail, entertainment, or restaurant uses. The space is entirely vacant and sub-dividable, offering flexibility for potential tenants. Its prime location is just five miles from downtown Fayetteville and benefits from strong co-tenancy with established businesses such as AMC Theatres, Planet Fitness, and Lidl. The property is zoned C351-SHOP/RE and situated within the Woodbridge, Eastover, Vander, Judson, Hope Mills, Rockfish, and Raeford submarket of Cumberland County. This location is further enhanced by Fayetteville's robust growth, fueled by the presence of Fort Bragg and recent developments like a $40 million baseball stadium and new retail centers. The property's size and location make it an attractive option for businesses seeking a prominent presence in a thriving market. This is a rare opportunity to secure a significant anchor space in a high-traffic area with excellent visibility and strong co-tenancy. The flexible layout allows for customization to meet diverse tenant requirements.

    Property Features for 1912 Skibo Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,464 SF

    Spaces For Lease

    at 1912 Skibo Rd, Fayetteville, NC 28314 Contact us

    We can help!

    Listing Contact
    Austin Wilson
    Austin Wilson

    Learn more

    HighLights

    • 66,464 SF retail shopping center available for lease in Fayetteville, NC.
    • High‑visibility location on Skibo Road, a major retail corridor with 47,000 VPD.
    • Five‑mile proximity to downtown Fayetteville.
    • Strong co‑tenancy with AMC Theatres, Planet Fitness, and Lidl.
    • Large anchor space available.
    • Highly divisible space with 22‑foot ceilings, suitable for retail, entertainment, and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lidl Specialty Food Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9683009
    Latitude
    35.0703002

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    FAQs

    What type of property is this?
    Lifestyle center - 66,464 SF Single-Tenant Retail Space
    Where is this lifestyle center located?
    The property is located at 1912 Skibo Rd Fayetteville, NC.
    What are key features of this property?
    This property features: 66,464 SF retail shopping center available for lease in Fayetteville, NC.; High-visibility location on Skibo Road, a major retail corridor with 47,000 VPD.; Five-mile proximity to downtown Fayetteville.
    Request Owner's contact information
    1912 Skibo Rd Fayetteville, NC 28314
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    Fayetteville, NC 28314
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    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
    1912 Skibo Rd Fayetteville, NC 28314
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    Listing Contact
    Austin Wilson
    Austin Wilson
    Real Estate License ID: 97448
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