Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    617-619 Bonanza Dr Fayetteville, NC 28303
    Back to Search
    Property profile & analytics

    617-619 Bonanza Dr, Fayetteville, NC 28303

    View on Map
    • Industrial properties
    • 3,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 617-619 Bonanza Dr

    Year built
    2024
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 1,750-square-foot flex space is part of a newly constructed 3,500-square-foot building in Fayetteville, North Carolina. Located at 617-619 Bonanza Dr, this property offers a prime location near Fort Liberty, the new Amazon facility, I-295 interchange, and Cross Creek Mall, ensuring high visibility and convenient access. The space boasts a modern design, including a private restroom, a small office area, and two 12'x12' roll-up doors (front and rear) for easy loading and unloading. The building sits on a 3.47-acre lot and is zoned CC. Built in 2024, this space is ideal for a variety of businesses. The area enjoys high traffic counts (6,800 vehicles daily on Bonanza Dr) and a strong demographic profile, with 53,653 residents within a three-mile radius and an average household income of $58,443. This is a rare opportunity to secure a modern, well-located flex space in a thriving commercial area of Cumberland County. The rent is $15.00 per square foot, NNN. Don't miss out on this chance to establish your business in a strategic and highly accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9853
    Latitude
    35.0904

    Comparable in this City

    • Value Estimation by Request
      720 SF

      110 Joseph St

      PRINTING, PUBLISHING (LIGHT INDUSTRIAL)
      110 Joseph St, Fayetteville, NC 28303-3430
      View Details
    • Value Estimation
      $1,090,000
      9,660 SF

      3520 Bragg Blvd

      MINI-WAREHOUSE, STORAGE
      3520 Bragg Blvd, Fayetteville, NC 28303-3980
      View Details
    • Value Estimation
      $665,000
      5,900 SF

      918 Castle Hayne Rd

      MINI-WAREHOUSE, STORAGE
      918 Castle Hayne Rd, Fayetteville, NC 28303
      View Details
    • Value Estimation
      $880,000
      7,800 SF

      2003 Jacks Frd Dr

      MINI-WAREHOUSE, STORAGE
      2003 Jacks Frd Dr, Fayetteville, NC 28303-2867
      View Details
    • Value Estimation by Request
      3,750 SF

      3233 Tally Ho Dr

      WAREHOUSE, STORAGE
      3233 Tally Ho Dr, Fayetteville, NC 28303-3939
      View Details
    • Value Estimation by Request
      10,080 SF

      404 Brunswick Rd

      WAREHOUSE, STORAGE
      404 Brunswick Rd, Fayetteville, NC 28303
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,516 SF

      Fayetteville Flex Space Opportunity

      30,516 SF Class A flex space on 4.34 acres.
      2810 Procurement Cir, 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
    • $499,000
      300 SF

      Fayetteville Retail Site - High Visibility

      Prime Retail Lot, Batting Cages Included
      3701 Sycamore Dairy Rd, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      Commercial Land on Reilly Road

      Corner lot near Fort Bragg with commercial zoning.
      7505 Overbrook Dr, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      Commercial Land in Retail Hub

      1.49 acre commercial land with high traffic and redevelopment potential.
      5846 Yadkin Rd, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      Undeveloped Commercial Nature Parcel

      Undeveloped commercial land suitable for medical, professional, or multi-family development.
      205 S Mcpherson Church Rd, Fayetteville, NC 28303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Yadkin Road

      Retail space with excellent visibility and generous parking.
      B-6107 Yadkin Rd, Fayetteville, NC 28303
      View Details
    • $2,200 /Mo

      Fayetteville Commercial Space For Lease

      Prime commercial space available for lease in Fayetteville, North Carolina.
      3801 Sycamore Dairy Rd, Fayetteville, NC 28303
      View Details
    • Contact for pricing

      High-Visibility Corner Office Space

      Well-appointed office space with excellent exposure and accessibility.
      1909 Bragg Blvd, Fayetteville, NC 28303
      View Details
    • $1,400 /Mo

      Remodeled Retail Space with Storage

      Newly remodeled retail suite with a full buildout, storage, and a private bath for flexible commercial use.
      6460 Yadkin Road Ext, Fayetteville, NC 28303
      View Details
    • $2,000 /Mo

      Functional Office Space For Rent

      Move-in ready office suite designed for medical or professional use.
      2915 Raeford Rd, Fayetteville, NC 28303
      View Details
    Request Owner's contact information
    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.
    617-619 Bonanza Dr
    Fayetteville, NC 28303
    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
    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

    Thank You for Inquiry
    617-619 Bonanza Dr, Fayetteville, NC, 28303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!