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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Retail residential properties
1104 Hay St Fayetteville, NC 28305-5318
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0291002
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2003
Total area
4,678 SF
Lot
0.77 ac (33,541 SF)
Zoning code
OI-OFFICE & INSTITUTI
APN
0437-05-4665
UPID
US53-0291002
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
-
Tommy King's DJ Entertainment Nightclub Music Venue
-
Belmont Village Hotel & Motel Resort
-
The Belmont Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$810k
Owner & transaction history
Cape Fear Regional Theatre At Fayet · 3 yrs held
Cape Fear Regional Theatre At Fayet
since 2022
Last sale
$705,000
1 recorded transaction
Zoning & alternative use
OI-OFFICE & INSTITUTI · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$790,000
+48.0%
Auto repair, garage
$785,000
+47.0%
Office building
$695,000
+30.2%
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
$795,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
MEDICAL BUILDING
$790,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +30% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $705k (Nov 3 2022)
Last sale anchor
$705k
Nov 3 2022
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
$173 / 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
$8,433
Tax year 2023
Assessed value
$597,911
Assessed 2023
Previous assessed
$597,911
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$274,408
Assessed improvement
$323,503
Land market value
$274,408
Improvement market value
$323,503
Total market value
$597,911
Applied tax rate
1,000.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
YES
Stories
2
Bathrooms
5
Total area
4,678 SF
Lot
0.77 ac (33,541 SF)
Zoning code
OI-OFFICE & INSTITUTI
APN
0437-05-4665
UPID
US53-0291002
Jurisdiction
CUMBERLAND
Zoning & alternative use
OI-OFFICE & INSTITUTI · Fayetteville, NC
Zoning OI-OFFICE & INSTITUTI · permitted uses
OI-OFFICE & INSTITUTI · 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
COMMERCIAL (GENERAL) Current
Est. value
$535,000
MEDICAL BUILDING
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$785,000
OFFICE BUILDING
Est. value
$695,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
RETAIL STORES
Est. value
$550,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
5
Lot
0.77 ac
Current owner
From public records · entity-resolved
Cape Fear Regional Theatre At Fayet
Individual
Free & Clear · 3 yrs held
Mailing address
1209 HAY ST, FAYETTEVILLE, NC 28305-4772
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
$705,000
Cape Fear Regional Theatre At Fayet
Rebecca R King
Warranty 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.
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