407 Gillespie St, Fayetteville, NC 28301
This exceptional commercial property, located at 407 Gillespie Street in the heart of Fayetteville, North Carolina, presents a unique investment opportunity. The single-story building, constructed in 2016, boasts a total of 4,350 square feet, divided into three (3) approximately 1,450 square foot suites. Each suite is separately metered for utilities and can be leased individually or combined to accommodate a variety of business needs. The property is zoned LC - Limited Commercial, making it suitable for a range of uses, including specialty retail, professional offices, and flex space for trades. Its prime downtown location offers excellent visibility and convenient access to the courthouse. The 0.73-acre lot provides ample space, and the building's Class C designation reflects its solid construction and functionality. The base rent is $15.00 per square foot, plus tenant improvements and alterations, common area maintenance, and utilities. This translates to approximately $2,150.00 per month per suite, plus utilities. This property is an excellent choice for businesses seeking a versatile and well-located space in a thriving downtown area. The property's APN is 0437-51-8663. This is a multi-tenant building with one space currently available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.