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Property profile & analytics

561 Gillespie St Fayetteville, NC 28301

  • Office buildings
  • 3,500 SF
  • 0.50 lot acres
Value Estimation
$365,000
Last Sale
Dec 06, 2023
$300,000
Location Intelligence
Property ID
US53-3932434
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

  • Bottle Free Water / Water Softening Equipment Supplier / Water Testing Service
  • Alaska Quilt / Quilt Shop

Property Details for 561 Gillespie St

Year built
1996
Lot size
0.50 lot acres
Property size
3,500 SF
Zone code
CC
Property type
Office buildings
APN
0437-50-5219
APU
437505219

Description

This exceptional 1,350 square foot executive office suite, located on the second floor above Bottle Free Water Company at 561 Gillespie Street in Cumberland County, presents a unique opportunity. Built in 1996, this Class B office space within a 2,400 square foot building sits on a half-acre lot (0.5 acres) and is zoned CC. The suite boasts a well-designed layout, including a dedicated conference room, a spacious office area with pre-installed cubicles, enhancing efficiency and organization. Three restrooms provide ample convenience, while two private offices offer secluded workspaces for enhanced privacy and focus. A kitchenette adds practicality, allowing for easy meal preparation and breaks. A significant advantage is the private exterior stairway entrance, providing independent access and enhancing security. The lease is inclusive of utilities, parking, and existing furniture, minimizing upfront costs and streamlining the move-in process. This turnkey solution is ideal for businesses seeking immediate occupancy and a fully equipped workspace. The multiple tenancy building offers a collaborative environment. This is a rare opportunity to secure a fully furnished, move-in ready executive office suite in a desirable location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $370,000
  • CAP approach

    CAP return
    Estimation
    6%
    $385,000
    6.5%
    $390,000
    7%
    $400,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $310,000
    Geo Method
    $310,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $400,000
    Retail
    $415,000
    Mixed-Use
    $335,000
    Hospitality
    $345,000
    Educational
    $445,000
    Residential Income
    $440,000
    Energy
    $350,000
    Income-Based Land
    $355,000
    Food Service
    $345,000

Location Insight

  • Map
  • Local Demand
City
Fayetteville
County
Cumberland
State
North Carolina
Longitude
-78.8811
Latitude
35.0419
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
$2,815
$65,054
$247,839
$312,893
-
$65,054
$247,839
$312,893
More about this property
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