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Property profile & analytics
OFF-MARKET
Office buildings
120 Gillespie St Fayetteville, NC 28301-5644
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1324229
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
2,106 SF
Lot
0.02 ac (871 SF)
Zoning code
DT
APN
0437-63-2862
UPID
US53-1324229
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
-
Bennett Robert M Land Surveyor Engineer
-
Alanna D. Maddox, Attorney at Law, PLLC Law Firm
-
Gospel Fire Holiness Church Church
-
McDhima Accounting & Tax Services, Inc. Accounting Firm Tax Preparation
-
Precision Custom Homes Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ebw Investments Corporation · 1 yrs held
Ebw Investments Corporation
since 2025
Last sale
$52,000
3 recorded transactions
Zoning & alternative use
DT · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,986
Tax year 2023
Assessed value
$272,062
Assessed 2023
Previous assessed
$272,062
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$113,679
Assessed improvement
$158,383
Land market value
$113,679
Improvement market value
$158,383
Total market value
$272,062
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,106 SF
Lot
0.02 ac (871 SF)
Zoning code
DT
APN
0437-63-2862
UPID
US53-1324229
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.
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.02 ac
Current owner
From public records · entity-resolved
Ebw Investments Corporation
Entity
Mailing address
4496 GOLDSBORO RD, WADE, NC 28395-8768
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$52,000
Ebw Investments Corporation
Marc E Devone
Special Warranty Deed
$70,000 · Bpg Investments LLC
Jul 1, 2020
$325,000
Mmxx Holdings LLC
Rs & Jb LLC
Warranty Deed
$250,000 · Truist Bank
Oct 26, 2017
$219,000
Rs & Jb LLC A North Carolina Limite
Walter M Bullard
Warranty Deed
$180,000 · First South Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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