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    227 Eastern Blvd Fayetteville, NC 28301

    • Auto shops
    • 1,242 SF
    • 0.33 lot acres
    For Sale
    View listing
    $299,000
    Value Estimation
    Last Sale
    Feb 17, 2022
    $95,000
    Location Intelligence
    Property ID
    US53-1866203
    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

    • 301 Discount Tobacco And Vape / Tobacco Shop

    Property Details for 227 Eastern Blvd

    Year built
    1955
    Lot size
    0.33 lot acres
    Property size
    1,242 SF
    Zone code
    CC
    Property type
    Auto shops
    APN
    0447-00-2859
    APU
    447002859

    Description

    This exceptional retail opportunity presents a 1,242-square-foot freestanding building situated on a 0.33-acre lot in East Fayetteville, North Carolina. Located at 227 S Eastern Blvd, zip code 28301, this property boasts a prime location near downtown Fayetteville. The building, constructed in 1955, is zoned CC (Commercial) and currently operates as a tobacco store, demonstrating its suitability for various retail uses. The asking price is $299,000. This presents a strong investment opportunity for entrepreneurs seeking a well-established commercial space in a high-traffic area. The ample 0.33-acre lot provides potential for expansion or future development. The property's convenient location and versatile zoning make it an ideal choice for a wide range of retail businesses seeking to establish a presence in the thriving Fayetteville market. This standalone building offers excellent visibility and accessibility, ensuring a strong foundation for success. Serious inquiries are encouraged to explore this promising commercial real estate investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $105,000

    • CAP approach

      CAP return
      Estimation
      6%
      $75,000
      6.5%
      $70,000
      7%
      $75,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $75,000
      Geo Method
      $65,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $80,000
      Retail
      $75,000
      Mixed-Use
      $60,000
      Hospitality
      $70,000
      Educational
      $70,000
      Residential Income
      $60,000
      Energy
      $80,000
      Income-Based Land
      $70,000
      Food Service
      $65,000

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8655
    Latitude
    35.0438
    CBSA code
    22180
    CBSA name
    FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,619
    $61,257
    $38,149
    $99,406
    -
    $61,257
    $38,149
    $99,406

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    • Value Estimation
      $60,000
      1,500 SF

      438 Rankin St

      AUTO REPAIR, GARAGE • 1,500 SF
      438 Rankin St, Fayetteville, NC 28301-5506
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    227 Eastern Blvd
    Fayetteville, NC 28301
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    Realmo Value Estimation

    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.

    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.

    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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