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Property profile & analytics
FOR SALE
Turn key restaurants
1240 Fort Bragg Rd, Fayetteville, NC 28305
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5737895
For Sale
1 / 100
$2,200,000
1240 Fort Bragg Rd, Fayetteville, NC 28305
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1908
Total area
4,446 SF
Lot
0.42 ac (18,295 SF)
Zoning code
NC
APN
0427-95-8929
UPID
US53-5737895
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
-
District House of Taps Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$586k
Blend (final)
Blend
$545k
Owner & transaction history
Peek Investments Of Fayeteville LLC · 6 yrs held
Peek Investments Of Fayeteville LLC
since 2020
Last sale
$503,500
3 recorded transactions
Zoning & alternative use
NC · 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
Method
Estimation
Statistic approach
$590,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$750,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $504k (Jun 9 2020)
Last sale anchor
$504k
Jun 9 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
$123 / 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
$7,347
Tax year 2023
Assessed value
$511,217
Assessed 2023
Previous assessed
$511,217
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$160,686
Assessed improvement
$350,531
Land market value
$160,686
Improvement market value
$350,531
Total market value
$511,217
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1908
Heating
NONE
Stories
1
Bathrooms
2
Total area
4,446 SF
Lot
0.42 ac (18,295 SF)
Zoning code
NC
APN
0427-95-8929
UPID
US53-5737895
Jurisdiction
CUMBERLAND
Zoning & alternative use
NC · Fayetteville, NC
Zoning NC · permitted uses
NC · 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
MEDICAL BUILDING
Est. value
$750,000
MEDICAL 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
1908
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Peek Investments Of Fayeteville LLC
Entity
Mailing address
2937 MIRROR LK DR, FAYETTEVILLE, NC 28303-5238
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2020
$503,500
Peek Investments Of Fayeteville LLC
Hilltop Cathering LLC
Warranty Deed
$522,400 · Select Bank & Trust Company
Apr 24, 2019
—
Hilltop Catering LLC
—
Deed
related
$98,505 · Lumbee Guaranty Bank
Apr 21, 2006
$600,000
Hilltop Catering LLC
Pantelakos,james A & Angelica M
Warranty Deed
$480,000 · Branch Banking & Trust Co
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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