Gas Station Property with Car
For Sale
$699,000
Pending
Fayetteville, NC 28314, Fayetteville, NC 28314
CommercialSale, Fayetteville, NC
Property Size2,040 SF
Days on Market2836
Property Features
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
LC - Limited Commercial
Parking features
Off Street, Parking Lot
Interior features
Storage
Exterior features
Storage
Lot features
One To Two Acres
Subdivision
REILLY ROAD
Standard status
Pending
Size
2,040 SF
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Building materials
WoodFrame
Additional Structures
Storage
Listing Agency:
NIMOCKS CICCONE and TOWNSEND COMM. R.E.
Listed By:
RANNY NIMOCKS · License #.
(910) 485-1707
Added: Jan 3, 2019
Changed: Oct 8
Last Checked: Oct 9 at 9:06AM
MLS# 554372
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,040-square-foot property was formerly used as a gas station and convenience store and includes a 6-bay car wash. The fuel canopy and underground storage tanks have been removed. The building was constructed in 1989 with wood-frame construction and has storage space, a heat pump, and central air conditioning.
The property is positioned at the southwest corner of Morganton and Reilly roads, where the intersection is signalized. Public water and sewer serve the site, and parking is provided in an off-street lot.
The property is positioned at the southwest corner of Morganton and Reilly roads, where the intersection is signalized. Public water and sewer serve the site, and parking is provided in an off-street lot.
Key Highlights
- Former gas station and convenience‑store property with a 6‑bay car wash
- 2,040 square feet; built in 1989
- Southwest corner of Morganton and Reilly roads at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,464
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,280
$589.3K
Cap Rate 7%
$420,914
$420.9K
Cap Rate 9%
$327,378
$327.4K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$41.6K $20.40/SF
− Vacancy
−$2.3K −$1.14/SF
EGI
$39.3K $19.26/SF
− OpEx
−$9.8K −$4.81/SF
NOI
$29.5K $14.44/SF
Area
Fayetteville, NC
Vacancy
5.60%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,280
Cap Rate 7%
$420,914
Cap Rate 9%
$327,378
Alternative Uses
Best Use
Specialty Retail
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 4.22%
Second Best
Retail
$329.4K
$288.2K – $384.3K
NOI $23,056 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,295 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
126k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 33%
Electronics 1%
Circle K
Shops & Services
27,550 visits/mo
0.5 miles
McDonald's
Dining
25,034 visits/mo
0.4 miles
Cook Out
Dining
17,193 visits/mo
0.4 miles
Wendy's
Dining
12,564 visits/mo
0.4 miles
Taco Bell
Dining
11,314 visits/mo
0.5 miles
Demographics for 28314, NC
54,271
Population
24,832
Households
2.2
Avg Household Size
33
Median Age
28%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
2,797
Density / Sq Mi
$60,036
Median Household Income
$38,047
Median Earnings
$1,197
Median Rent
$172,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Gas station - The former convenience-store site occupies the southwest corner of Morganton and Reilly roads at a signalized intersection.
Where is this gas station located?
The property is located at Fayetteville, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Former gas station and convenience‑store property with a 6‑bay car wash; 2,040 square feet; built in 1989; Southwest corner of Morganton and Reilly roads at a signalized intersection
