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Property profile & analytics
OFF-MARKET
Office buildings
122 Drake St Fayetteville, NC 28301-4710
Individually Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1780348
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
2,128 SF
Lot
0.23 ac (10,019 SF)
Zoning code
HI
APN
0437-68-8844
UPID
US53-1780348
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
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
Richard M Rushton · 13 yrs held
Richard M Rushton
since 2013
Last sale
$200,000
6 recorded transactions
Zoning & alternative use
HI · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
imited Commercial (LC) District 30-3.E.5. Community Commercial (CC) District 30-3.E.6. Mixed-Use (MU) District 30-3.E.7.A. Business Park (BP) District 30-3.E.8. Light Industrial (LI) District 30-3.E.9. Heavy Industrial (HI) District 30-3.E.10. Downtown 1 (DT-1) District 30-3.E.11. Downtown 2 (DT-2) District 30-3.E.12. Universities and Colleges (UC) District…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
3,056.44 ac
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 2019Property tax & assessments
Tax year 2019
Tax billed
$1,348
Tax year 2019
Assessed value
$87,153
Assessed 2023
Previous assessed
$87,153
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$19,737
Assessed improvement
$67,416
Land market value
$19,737
Improvement market value
$67,416
Total market value
$87,153
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Heating
NONE
Stories
1
Total area
2,128 SF
Lot
0.23 ac (10,019 SF)
Zoning code
HI
APN
0437-68-8844
UPID
US53-1780348
Jurisdiction
CUMBERLAND
Zoning & alternative use
HI · Fayetteville, NCZoning HI · permitted uses
HI · Fayetteville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
imited Commercial (LC) District 30-3.E.5. Community Commercial (CC) District 30-3.E.6. Mixed-Use (MU) District 30-3.E.7.A. Business Park (BP) District 30-3.E.8. Light Industrial (LI) District 30-3.E.9. Heavy Industrial (HI) District 30-3.E.10. Downtown 1 (DT-1) District 30-3.E.11. Downtown 2 (DT-2) District 30-3.E.12. Universities and Colleges (UC) District 30-3.E.13. Medical Arts Campus (MAC) District 30-3.F. Conditional Zoning Districts
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
3,056.44 ac
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Richard M Rushton
Individual
Mailing address
134 W WASHINGTON ST, KOSCIUSKO, MS 39090-3633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
—
118 Drake Street LLC
—
Deed
related
$69,470 · Bankfirst Fin'l Svcs
Jan 10, 2017
—
Richard M Rushton
—
Deed
related
$254,107 · Ju-be Ents
Feb 1, 2013
$450,000
Richard M Rushton
Ju-be Ents
Warranty Deed
$375,000 · Ju-be Ents
Feb 1, 2013
—
Ju-be Ents
Barnes,j J JR & Doris P
Warranty Deed
—
—
—
Richard M Rushton
—
Deed Of Trust
related
$254,107 · Ju-be Ents
—
—
118 Drake Street LLC
—
Deed Of Trust
related
$69,470 · Bankfirst Fin'l Svcs
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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