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    Property profile & analytics

    2116 Skibo Rd Fayetteville, NC 28314

    • Turn key restaurants
    • 7,236 SF
    • 1.17 lot acres
    For Lease
    View listing
    Last Sale
    Sep 11, 2023
    $3,439,000
    Value Estimations
    $4,245,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4891601
    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

    • Walk-On's Sports Bistreaux - Fayetteville, NC Restaurant / Restaurant / Sports Bar

    Property Details for 2116 Skibo Rd

    Year built
    2017
    Lot size
    1.17 lot acres
    Property size
    7,236 SF
    Zone code
    CC
    Property type
    Turn key restaurants
    APN
    0407-73-5754
    APU
    407735754

    Description

    This exceptional retail property, located at 2116 Skibo Road in Fayetteville, North Carolina, offers a significant opportunity for businesses seeking a prominent location in a thriving market. The property boasts a total building size of 50,965 square feet, with 7,070 square feet currently vacant, presenting immediate occupancy potential. Built in 2017, the building is in excellent condition and benefits from a single-tenant occupancy, simplifying management and maximizing efficiency. Situated on a 1.17-acre lot, the property offers ample space for parking and potential expansion. Its location in Cumberland County, with a 28314 zip code, provides easy access to major transportation routes and a dense customer base. The property's classification as commercial retail ensures its suitability for a wide range of businesses. The substantial square footage and prime location make this an ideal investment for businesses seeking high visibility and a strong foothold in the Fayetteville market. The vacant space presents a unique opportunity for customization and tenant improvements to perfectly suit a new occupant's needs. This property is ready for immediate occupancy and offers a compelling combination of size, location, and modern construction.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,245,000
      ML approach
      $4,160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9748
    Latitude
    35.0517
    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
    $23,106
    $705,156
    $924,249
    $1,629,405
    -
    $705,156
    $924,249
    $1,629,405

    Comparable in this City

    • Value Estimation
      $345,000
      4,053 SF

      2166 Skibo Rd

      RESTAURANT • 4,053 SF
      2166 Skibo Rd, Fayetteville, NC 28314-0235
      View Details
    • Value Estimation
      $355,000
      2,376 SF

      1904 Skibo Rd

      RESTAURANT • 2,376 SF
      1904 Skibo Rd, Fayetteville, NC 28314-1519
      View Details
    • Value Estimation
      $250,000
      1,592 SF

      650 Reilly Rd

      RESTAURANT • 1,592 SF
      650 Reilly Rd, Fayetteville, NC 28314-5626
      View Details
    • Value Estimation
      $330,000
      6,606 SF

      691 Reilly Rd

      RESTAURANT • 6,606 SF
      691 Reilly Rd, Fayetteville, NC 28314-5627
      View Details
    • Value Estimation by Request
      3,750 SF

      2120 Skibo Rd

      RESTAURANT • 3,750 SF
      2120 Skibo Rd, Fayetteville, NC 28314-0233
      View Details
    • Value Estimation
      $405,000
      6,490 SF

      161 Glensford Dr

      RESTAURANT • 6,490 SF
      161 Glensford Dr, Fayetteville, NC 28314-2363
      View Details

    Similar Nearby for Sale

    • $689,900
      0.63 Acres

      Fayetteville Retail Property For Sale

      Retail property in Fayetteville, NC, suitable for various uses.
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      View Details
    • $899,000
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      Prime Fayetteville Commercial Land

      2.1-Acre Site, High Visibility
      5413 Morganton Rd, Fayetteville, NC 28314
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    • $2,288,000
      4.40 Acres

      Commercial Land Near Gillis Hill

      Five parcels of vacant commercial land near Gillis Hill and Raeford Road.
      1631 Ferndale Dr, Fayetteville, NC 28314
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    • $249,000
      1.25 Acres

      Fayetteville Commercial Land For Sale

      1.25 acre commercial site with high traffic frontage.
      8306 Cliffdale Rd, Fayetteville, NC 28314
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    • $49,800
      0.56 Acres

      Commercial Land on Morganton Road

      Highly visible corner commercial parcel on Morganton Road.
      Tbd Morganton Rd, Fayetteville, NC 28314
      View Details
    • $2,500,000
      9,870 SF

      1995 Skibo Rd

      Office Properties & Spaces • 9,870 SF
      1995 Skibo Rd, Fayetteville, NC 28314
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,070 SF

      Restaurant Space Available For Lease

      7,870 SF restaurant space for lease on Skibo Rd.
      2114 Skibo Rd, Fayetteville, NC 28314
      View Details
    • $30 SF/Yr
      13,000 SF

      Cliffdale Road Retail Opportunity

      Fayetteville, NC retail space available.
      5955 Cliffdale Rd, Fayetteville, NC 28314
      View Details
    • Contact for pricing

      Retail Space in Fayetteville, NC

      Former CVS available for sublease in Fayetteville, North Carolina.
      Fayetteville, NC 28314
      View Details
    • New
      $4,063 /Mo
      1,625 SF

      Future Retail Space on Cliffdale

      New shopping center units for lease near Skibo Road.
      5955 Cliffdale Rd, Fayetteville, NC 28314
      View Details
    • Contact for pricing
      330,244 SF

      Cross Pointe Centre: Fayetteville Retail

      High-traffic power center; spaces available
      5075 Morganton Rd, Fayetteville, NC 28314
      View Details
    • Contact for pricing
      128,586 SF

      Cross Creek Plaza Retail Center

      Fayetteville retail space, high visibility.
      0 Cross Crk Plz, Fayetteville, NC 28314
      View Details
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    Fayetteville, NC 28314
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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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