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

    442 Eastern Blvd Fayetteville, NC 28301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Commercial Land, Fayetteville, NC. High Visibility.

    Property Features for 442 Eastern Blvd

    General Information

    Property type
    Land
    Lot Size
    114,998 SF

    We can help!

    Listing Contact
    Greg Spears
    Greg Spears

    Listing Agency: Grant-Murray Real Estate Listing Agent: Greg Spears

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 2.64-acre commercial land parcel in Fayetteville, North Carolina, presents a unique investment opportunity. Located at 442 S Eastern Blvd, in Cumberland County (zip code 28301), this property boasts a highly desirable location adjacent to Sun Belt Rentals, ensuring excellent visibility and accessibility. Previously utilized as a motel site, the land is zoned for commercial use, offering considerable flexibility for development. All utilities are conveniently located on-site, simplifying construction and operational costs. The asking price is $299,000, translating to $113,258 per acre. This property is ideally suited for a variety of commercial or flex space uses. The site's size and zoning allow for the potential division into two outparcels, catering to multiple tenants or a build-to-suit project tailored to a specific user's needs. Its strategic location and versatile zoning make this a compelling investment prospect for developers and businesses seeking a high-impact presence in a thriving Fayetteville market. The property's prominent position ensures high traffic visibility, making it an attractive location for retail, commercial, or flex space development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.867405
    Latitude
    35.042218

    Nearby Similar for Sale

    • New
      $925,000
      0.18 Acres

      Historic Downtown Fayetteville Two-Story Building

      Two-story building in historic downtown Fayetteville, suitable for office or retail.
      127 Hay St, Fayetteville, NC 28301
      View Details
    • $389,000
      2,000 SF

      Fayetteville Retail/Office Opportunity

      Versatile building near I-95, ideal for retail or office.
      1935 Gillespie St, Fayetteville, NC 28306
      View Details
    • New
      $650,000
      5,000 SF

      Fayetteville Medical Office Condo

      Medical office condo near hospital and medical school.
      1756 Metromedical Dr, Fayetteville, NC 28304
      View Details
    • $360,000
      2,900 SF

      Fayetteville Office Space with Garage

      Office space with garage in a convenient Fayetteville location.
      7670 Raeford Rd, 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 St, Fayetteville, NC 28301
      View Details
    • $1,295,000
      7,282 SF

      Medical Office Condo For Sale

      7,282 SF medical office condo in Fayetteville, North Carolina.
      1540 Purdue Dr, Fayetteville, NC 28303
      View Details
    • $795,000
      0.96 Acres

      Fayetteville Retail/Warehouse Opportunity

      Metal building suitable for retail, storage, warehouse, distribution.
      1027 Pamalee Dr, Fayetteville, NC 28303
      View Details
    • $175,000
      1,776 SF

      Fayetteville Flex Building For Sale

      1,776 SF flex building near downtown Fayetteville, recently renovated.
      1500 Gillespie St, Fayetteville, NC 28306
      View Details
    • New
      $1,000,000
      2,198 SF

      Professional Office Building Near Fort Bragg

      2,168 SF office building near Fort Bragg.
      5310 Yadkin Road Ext, Fayetteville, NC 28303
      View Details
    • $299,000
      2,448 SF

      Fayetteville Retail Building For Sale

      2,448 SF retail building near Skibo Road.
      1023 Pamalee Dr, Fayetteville, NC 28303
      View Details
    • $1,625,000
      7,152 SF

      Fayetteville Office Building on Raeford

      Office building on heavily traveled Raeford Road with easy access.
      6205 Raeford Rd, Fayetteville, NC 28304
      View Details
    • $875,000
      3,049 SF

      Downtown Fayetteville Mixed-Use Building

      Two-story building in historic downtown Fayetteville with retail and residential.
      116 Hay St, Fayetteville, NC 28301
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Fayetteville, NC. High Visibility.
    Where is this land located?
    The property is located at 442 Eastern Blvd Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Former motel site, 2.64 acres, Fayetteville, NC.; Excellent retail pad opportunity.; Ideal for flex space development.
    (910) 987-3242 Call to check price and availability
    Request Owner's contact information
    442 Eastern Blvd Fayetteville, NC 28301
    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.
    442 Eastern Blvd
    Fayetteville, NC 28301
    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
    442 Eastern Blvd Fayetteville, NC 28301
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Spears
    Greg Spears
    Real Estate License ID: 272060
    (910) 987-3242
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!