Property profile

127 Hay St Fayetteville, NC 28301

OFF-MARKET
Retail space
Property ID
US53-1440545
4,472 SF 0.1 ac lot Built 1900
Entity Owned Free & Clear
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Property summary

AI-generated overview

A two-story building of approximately 12,000 square feet located in historic downtown Fayetteville. The property has entrances on both Hay Street and Franklin Street and includes an on-site nine-car parking lot. It is configured for office use with a large number of offices, while the building could be renovated to create a more open floor plan; it is generally suitable for office or retail use. Electrical and plumbing systems were updated in 2015. The location is within walking distance of downtown amenities including restaurants, Segra Stadium, shopping, museums, and breweries, and it is consistent with the objectives described in the Fayetteville Downtown Urban Design Plan for continued downtown development.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 4,472 SF
Lot 0.1 ac (4,356 SF)
Zoning code DT
APN 0437-64-0039
UPID US53-1440545

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

127 Hay St Fayetteville, NC 28301-5649
Fayetteville metro Census 3800 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$780k
Comparable Approach Comparable
$687k
Blend (final) Blend
$270k

Owner & transaction history

Zoning & alternative use

DT · Fayetteville, NC
Top alternative use upside
Medical building $755,000 +38.6%
Auto repair, garage $750,000 +37.6%
Neighborhood: shopping center $590,000 +8.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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