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Property profile & analytics
FOR SALE
Grocery and convenience stores
108 Rowan St, Fayetteville, NC 28301
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0838791
For Sale
1 / 4
$1,975,000
108 Rowan St, Fayetteville, NC 28301
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2004
Total area
14,490 SF
Lot
1.75 ac (76,230 SF)
Zoning code
DT
APN
0437-66-6097
UPID
US53-0838791
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Andrew L. White, PharmD Pharmacy
-
Eze Wokocha, PharmD Pharmacy
-
Bojangles Restaurant
-
Libby M. Willis, RPh Pharmacy
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.98M
Owner & transaction history
Scrubbles LLC · 2 yrs held
Scrubbles LLC
since 2024
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
DT · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+59.2%
Medical building
$2.4M
+27.7%
Auto repair, garage
$2.4M
+26.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,975,000
ML approach
$1,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,910,000
Current use
RESTAURANT
$3,045,000
Change: +59% · Conversion: Difficult
MEDICAL BUILDING
$2,440,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,425,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$1,910,000
Change: 0% · Conversion: Moderate
RETAIL STORES
$1,765,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $1.98M (May 23 2024)
Last sale anchor
$1.98M
May 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$136 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,507
Tax year 2023
Assessed value
$1,643,014
Assessed 2023
Previous assessed
$1,643,014
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$385,914
Assessed improvement
$1,257,100
Land market value
$385,914
Improvement market value
$1,257,100
Total market value
$1,643,014
Applied tax rate
1,002.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
2004
Heating
NONE
Stories
1
Bathrooms
2
Total area
14,490 SF
Lot
1.75 ac (76,230 SF)
Zoning code
DT
APN
0437-66-6097
UPID
US53-0838791
Jurisdiction
CUMBERLAND
Zoning & alternative use
DT · Fayetteville, NC
Zoning DT · permitted uses
DT · Fayetteville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fayetteville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
RESTAURANT
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Bathrooms
2
Lot
1.75 ac
Current owner
From public records · entity-resolved
Scrubbles LLC
Entity
Mailing address
PO BOX 10907, GOLDSBORO, NC 27532-0907
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$1,975,000
Scrubbles LLC
Aabc-w Rowan LLC
Special Warranty Deed
$340,000 · Cogent Bank
Dec 6, 2021
$1,150,000
Aabc W Rowan LLC
Walgrefn Co
Special Warranty Deed
—
Feb 1, 2019
$1,640,000
Walgreen Co
Corporation,eckerd
Grant Deed
—
Apr 6, 2005
$3,921,000
Eckerd Corp
Rowan & Ramsey LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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