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    1455 Bingham Dr Fayetteville, NC 28304

    • Commercial real estate
    • 7.61 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3375121
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1455 Bingham Dr

    Lot size
    7.61 lot acres
    Property type
    Commercial real estate
    APN
    0406651854

    Description

    This exceptional 7.61-acre commercial land parcel, located at 1455 Bingham Dr, Fayetteville, NC 28304 (APN 0406651854), presents a unique investment opportunity. Zoned CC - Community Commercial, this property offers significant potential for various commercial developments. The site boasts 362 feet of frontage along Bingham Dr, providing excellent visibility and accessibility. Utilities are readily available, including PWC water and sewer. Its strategic location offers easy access to major thoroughfares like I-95 and I-295, ensuring convenient transportation for businesses and employees. Furthermore, its proximity to key regional assets is a significant advantage. These include Fort Liberty, Fayetteville Regional Airport, Cape Fear Medical Center, and the VA Medical Center, creating a strong potential customer base and workforce pool. The property is situated within an Opportunity Zone, potentially offering attractive tax benefits for investors. This versatile land is available for sale, ground lease, or build-to-suit options, catering to a range of development preferences. Consider this exceptional opportunity to acquire a prime commercial property in a thriving Fayetteville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.98275
    Latitude
    35.027233

    Comparable in this City

    • Contact for pricing
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      Fayetteville Commercial Land - 13.63 Acres

      Prime Commercial Land, High Visibility, R-10 Zoning
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    • $30,000
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      Wooded Lots Backing Arran Lake

      Two wooded lots totaling 1.22 acres near Arran Lake.
      1261 Bingham Dr, Fayetteville, NC 28304
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    • $695,000
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      Fayetteville Commercial Corner Lot

      1.5-acre commercial corner lot in Fayetteville, North Carolina.
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      Land with Approved Multifamily Plans

      Land for sale with approved plans for 90 multifamily units.
      9605 Cliffdale Rd, Fayetteville, NC 28304
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    • $49,000
      0.49 Acres

      Fayetteville Commercial Land - $49K

      Level lot, ideal for development. SF-6 zoning.
      1082 Arran Cir, Fayetteville, NC 28304
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    • $1,098,000
      2.55 Acres

      Raeford Rd Commercial Land Investment

      High-traffic retail land, Fayetteville, NC.
      6326 Raeford Rd, Fayetteville, NC 28304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13.63 Acres

      Fayetteville Commercial Land - 13.63 Acres

      Prime Commercial Land, High Visibility, R-10 Zoning
      1864 Bingham Dr, Fayetteville, NC 28304
      View Details
    • $30,000
      1.22 Acres

      Wooded Lots Backing Arran Lake

      Two wooded lots totaling 1.22 acres near Arran Lake.
      1261 Bingham Dr, Fayetteville, NC 28304
      View Details
    • $695,000
      1.50 Acres

      Fayetteville Commercial Corner Lot

      1.5-acre commercial corner lot in Fayetteville, North Carolina.
      Village Dr, Fayetteville, NC 28304
      View Details
    • $2,000,000

      Land with Approved Multifamily Plans

      Land for sale with approved plans for 90 multifamily units.
      9605 Cliffdale Rd, Fayetteville, NC 28304
      View Details
    • $4,368,000
      2.90 Acres

      Fayetteville Commercial Land - $4.3M

      2.9-acre development site, prime location.
      3001 Village Dr, Fayetteville, NC 28304
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    • $1,250,000
      21.32 Acres

      Raeford Road Development Land

      21 Acres, High Traffic, Fayetteville, NC
      6256 Raeford Rd, Fayetteville, NC 28304
      View Details

    Similar Nearby for Lease

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      Fayetteville Commercial Land Opportunity

      Prime Medical Office Land, 6000+ sqft potential.
      1617 Owen Dr, Fayetteville, NC 28304
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      1 SF

      Hope Mills Road Commercial Land

      Prime 2.79-Acre Retail Site in Fayetteville, NC
      2411 Hope Mills Rd, Fayetteville, NC 28304
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    • $5,000 /Mo

      Corner Land Parcel For Rent

      Land parcel on busy corridor with high traffic volume.
      5103 Raeford Rd, Fayetteville, NC 28304
      View Details
    • Contact for pricing
      7 SF

      Commercial Land Available For Rent

      Approximately 7.61 acres of commercial land available for rent.
      1455 Bingham Dr, Fayetteville, NC 28304
      View Details
    • Contact for pricing

      Retail Space in Fayetteville, NC

      High-visibility retail spaces available at Raeford and Bunce Rd.
      Fayetteville, NC 28304
      View Details
    • $1,250 /Mo
      1,124 SF

      Fayetteville Condo with Modern Features

      Two-bedroom, two-bathroom condo with balcony, fireplace, and modern finishes.
      2709-8 Preston Woods Ln, Fayetteville, NC 28304
      View Details
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    Fayetteville, NC 28304
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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
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