Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    106 Highland Ave Fayetteville, NC 28305-5306
    Property profile & analytics

    106 Highland Ave, Fayetteville, NC 28305-5306

    View on Map
    • Retail residential properties
    • 2,652 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Jan 13, 2023
    $250,000
    Property ID
    US53-0981863
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gold and Diamond Service Center / (Bike/Boat/Book/etc) Store

    Property Details for 106 Highland Ave

    Year built
    1959
    Lot size
    0.16 lot acres
    Zone code
    NC
    Property type
    Retail residential properties
    APN
    0437-05-1312
    APU
    437051312

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 2, 2023 — William D Sherman JR William D Sherman JR Correction Deed · related —
    Feb 2, 2023 — William D Sherman JR William D Sherman JR Correction Deed · related —
    Jan 13, 2023 $250,000 Lnw Of Haymount LLC William D Sherman JR Warranty Deed —
    Dec 1, 2022 — William D Sherman JR William D Sherman JR Intrafamily Transfer · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8994
    Latitude
    35.056
    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
    $1,950
    $61,991
    $72,943
    $134,934
    -
    $61,991
    $72,943
    $134,934

    Comparable in this City

    • Value Estimation
      $810,000
      4,678 SF

      1104 Hay St

      STORES & APARTMENTS
      1104 Hay St, Fayetteville, NC 28305-5318
      View Details
    • Value Estimation
      $1,005,000
      4,565 SF

      1308 Morganton Rd

      STORES & APARTMENTS
      1308 Morganton Rd, Fayetteville, NC 28305-4765
      View Details
    • Value Estimation
      $895,000
      5,250 SF

      106 Broadfoot Ave

      STORES & APARTMENTS
      106 Broadfoot Ave, Fayetteville, NC 28305-5002
      View Details
    • Value Estimation
      $1,530,000
      8,010 SF

      1224 Ft Bragg Rd

      STORES & APARTMENTS
      1224 Ft Bragg Rd, Fayetteville, NC 28305-4728
      View Details
    • Value Estimation by Request
      0.13 Acres

      900 Robeson St

      VACANT COMMERCIAL LAND
      900 Robeson St, Fayetteville, NC 28305-5614
      View Details
    • Value Estimation by Request
      1.20 Acres

      2215 Robeson St

      VACANT COMMERCIAL LAND
      2215 Robeson St, Fayetteville, NC 28305-5553
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land on Robeson Street

      Two adjacent heavy industrial tracts with high visibility.
      511 Robeson St, Fayetteville, NC 28305
      View Details
    • $100,000
      0.77 Acres

      Fayetteville Industrial Land For Sale

      Two adjacent industrial tracts with high visibility and road frontage.
      511 Robeson St, Fayetteville, NC 28305
      View Details
    • Contact for pricing
      Pending

      Haymount Area Land For Sale

      Land available in the Haymount area.
      118 Ellington St, Fayetteville, NC 28305
      View Details
    • $350,000
      1.46 Acres

      Fayetteville Commercial Land For Sale

      1.46 acres of commercial land in downtown Fayetteville.
      709 Robeson St, Fayetteville, NC 28305
      View Details
    • $225,000
      0.91 Acres

      Land Overlooking Highland Country Club

      0.91-acre lot with views of Highland Country Club fairway.
      2232 Bayview Dr, Fayetteville, NC 28305
      View Details
    • Contact for pricing
      13,732 SF

      Fayetteville Office Building For Sale

      13,732 SF office building on 0.72 acres available for sale.
      3007 Fort Bragg Rd, Fayetteville, NC 28305
      View Details

    Similar Nearby for Lease

    • New
      $2,600 /Mo

      First-Floor Office Suite with Reception

      First-floor office suite with reception, five offices, shared restrooms, and parking, with CAMS including utilities and maintenance.
      214 Fairway Dr, Fayetteville, NC 28305
      View Details
    • Contact for pricing

      Move-in Ready Office Suite

      Professional office suite with four private offices and kitchenette.
      576 Executive Pl, Fayetteville, NC 28305
      View Details
    • $500 /Mo

      Fayetteville Office Space For Rent

      Second floor office space with natural light and included utilities.
      1314 Raeford Rd, Fayetteville, NC 28305
      View Details
    • Contact for pricing

      Fayetteville Office Space for Lease

      Spacious office suite in the Merrill Lynch building for lease.
      2550 Ravenhill Dr, Fayetteville, NC 28305
      View Details
    • Contact for pricing

      Office Space For Lease

      Approximately 600 SF office space available for lease.
      2537 Raeford Rd, Fayetteville, NC 28305
      View Details
    • $700 /Mo

      Fayetteville Office Units For Rent

      Single office units available with utilities included in Fayetteville, NC.
      2504 Raeford Rd, Fayetteville, NC 28305
      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.
    106 Highland Ave
    Fayetteville, NC 28305-5306
    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
    106 Highland Ave, Fayetteville, NC, 28305
    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!