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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1240 Fort Bragg Rd Fayetteville, NC 28305

    • Turn key restaurants
    • 4,446 SF
    • 0.42 lot acres
    For Sale
    View listing
    $2,200,000
    Last Sale
    Jun 09, 2020
    $503,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5737895
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • District House of Taps / Restaurant

    Property Details for 1240 Fort Bragg Rd

    Year built
    1908
    Lot size
    0.42 lot acres
    Property size
    4,446 SF
    Zone code
    NC
    Property type
    Turn key restaurants
    APN
    0427-95-8929
    APU
    427958929

    Description

    This exceptional Fayetteville, NC restaurant presents a unique investment opportunity. Located at 1240 Fort Bragg Rd, this 6,449 square foot building boasts a rich history, having been constructed in 1908 and extensively renovated in 2020. The property sits on a sizable 18,335 square foot lot and is zoned NC, offering versatility for future uses. Currently operating as a successful taproom and restaurant, the business benefits from a prime location in a high-traffic area, ensuring strong visibility and consistent customer flow. The charming, yet modern interior creates a welcoming atmosphere. The fully operational business includes 40 taps featuring premium North Carolina craft beer, wines, ciders, and sours, complemented by a well-received pub menu. This turnkey operation offers immediate revenue potential and significant long-term growth prospects in a thriving commercial district. The asking price is $2,200,000. This is a rare chance to acquire a well-established business in a desirable location. The property's combination of historical charm and modern functionality makes it an attractive investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $585,000
      Market price range: $319k - $1.35M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $750,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9003
    Latitude
    35.0578
    CBSA code
    22180
    CBSA name
    FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,347
    $160,686
    $350,531
    $511,217
    -
    $160,686
    $350,531
    $511,217

    Comparable in this City

    • Value Estimation by Request
      3,635 SF

      115 Oakridge Ave

      RESTAURANT • 3,635 SF
      115 Oakridge Ave, Fayetteville, NC 28305-4834
      View Details
    • Value Estimation by Request
      1,386 SF

      1217 Hay St

      RESTAURANT • 1,386 SF
      1217 Hay St, Fayetteville, NC 28305-4772
      View Details
    • Value Estimation
      $530,000
      1,676 SF

      2417 Robeson St

      BAR, TAVERN • 1,676 SF
      2417 Robeson St, Fayetteville, NC 28305-5549
      View Details
    • Value Estimation by Request
      1,998 SF

      2530 Raeford Rd

      CAR WASH • 1,998 SF
      2530 Raeford Rd, Fayetteville, NC 28305-5118
      View Details
    • Value Estimation by Request
      2,610 SF

      1216 Ft Bragg Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,610 SF
      1216 Ft Bragg Rd, Fayetteville, NC 28305-4728
      View Details
    • Value Estimation
      $525,000
      2,362 SF

      100 Broadfoot Ave

      SERVICE STATION (FULL SERVICE) • 2,362 SF
      100 Broadfoot Ave, Fayetteville, NC 28305-5002
      View Details

    Similar Nearby for Sale

    • $2,200,000
      6,449 SF

      Fayetteville Restaurant - $2.2M

      Historic Restaurant, High Traffic Area
      1240 Fort Bragg Rd, Fayetteville, NC 28305
      View Details
    • $600,000
      0.22 Acres

      Downtown Fayetteville Property with Flex Space

      Two-story building with office and flex space in downtown Fayetteville.
      438 Robeson St, Fayetteville, NC 28305
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    • Contact for pricing
      0.20 Acres

      Fayetteville Vacant Residential Lot

      Vacant lot near hospitals, shopping, schools, and downtown.
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    • $100,000
      0.77 Acres

      Fayetteville Industrial Land For Sale

      Two adjacent industrial tracts with high visibility and road frontage.
      511 Robeson St, Fayetteville, NC 28305
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    • $350,000
      1.46 Acres

      Fayetteville Commercial Land For Sale

      1.46 acres of commercial land in downtown Fayetteville.
      709 Robeson St, Fayetteville, NC 28305
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    • $100,000

      Industrial Land on Robeson Street

      Two adjacent heavy industrial tracts with high visibility.
      511 Robeson St, Fayetteville, NC 28305
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      46,799 SF

      Fayetteville Executive Office Space

      Central Fayetteville, Two-Story Office Suites
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    • $995 /Mo

      Charming Fayetteville Townhome with Patio

      Comfortable 2-bedroom townhome with private patio and convenient location.
      573 Winding Creek Rd, Fayetteville, NC 28305
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    • $500 /Mo

      Fayetteville Office Space For Rent

      Centrally located office space near downtown Fayetteville and Haymount.
      2504 Raeford Rd, Fayetteville, NC 28305
      View Details
    • $995 /Mo

      Charming Fayetteville Townhome For Rent

      Comfortable 2-bedroom townhome with private patio and convenient location.
      573 Winding Creek Rd, Fayetteville, NC 28305
      View Details
    • $500 /Mo

      Fayetteville Office Space For Rent

      Second floor office space available in Fayetteville, North Carolina.
      1314 Raeford Rd, Fayetteville, NC 28305
      View Details
    • $22 SF/Yr
      1,392 SF

      Fayetteville Office Space Available

      1,392 sq ft Office Suite, Fayetteville, NC
      2550 Ravenhill Dr, Fayetteville, NC 28305
      View Details
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    Fayetteville, NC 28305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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