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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Retail space
121 Racepath St Fayetteville, NC 28301-5258
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-5647472
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
12,500 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HI
APN
0447-12-0791
UPID
US53-5647472
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
-
CTC Supply HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.08M
Owner & transaction history
Mks Investments LLC · 5 yrs held
Mks Investments LLC
since 2020
Last sale
$40,000
7 recorded transactions
Zoning & alternative use
HI · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+8.5%
Office building
$1.6M
+8.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,520,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,650,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$1,645,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $40k (Oct 27 2020)
Last sale anchor
$40k
Oct 27 2020
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
$86 / 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
$10,213
Tax year 2023
Assessed value
$698,434
Assessed 2023
Previous assessed
$698,434
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$7,269
Assessed improvement
$691,165
Land market value
$7,269
Improvement market value
$691,165
Total market value
$698,434
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Bathrooms
2
Total area
12,500 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HI
APN
0447-12-0791
UPID
US53-5647472
Jurisdiction
CUMBERLAND
Zoning & alternative use
HI · Fayetteville, NC
Zoning HI · permitted uses
HI · 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
RETAIL STORES Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2006
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Mks Investments LLC
Entity
Mailing address
115 N RACEPATH ST, FAYETTEVILLE, NC 28301-5247
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
—
Mks Investments LLC
—
Deed
related
$384,500 · Dogwood State Bank
Oct 27, 2020
—
Mks Investments LLC
Michael Keith Sutton
Warranty Deed
$731,250 · Wells Fargo Bank NA
Apr 17, 2017
—
Michael K Sutton
—
Deed
related
$205,000 · Wells Fargo Bk
Aug 31, 2005
$40,000
Michael K Sutton
Baker,raymond E & Carolyn J
Warranty Deed
—
—
—
Michael K Sutton
—
Deed Of Trust
related
$832,500 · Wachovia Bank NA
—
—
Michael K Sutton
—
Deed Of Trust
related
$400,000 · Bank Of America
—
—
Michael K Sutton
—
Deed Of Trust
related
$750,000 · Rbc Bank (usa)
—
—
Michael K Sutton
—
Deed Of Trust
related
$590,000 · Rbc Bank (usa)
—
—
Michael K Sutton
—
Deed Of Trust
related
$205,000 · Wells Fargo Bk
—
—
Michael K Sutton
—
Deed Of Trust
related
$229,942 · Bank Of America
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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