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Property profile & analytics
FOR LEASE
Office buildings

150 Rowan St Fayetteville, NC 28301

16,324 SF 1.43 ac lot Built 2010
Entity Owned 9-yr Hold Free & Clear
Property ID
US53-3564136
Property summary
AI-generated overview

This exceptional 8,281-square-foot executive office space is situated in a two-story, 31,750-square-foot building at 150 Rowan Street in downtown Fayetteville, North Carolina. Built in 2010, this property boasts a prime location along Rowan Street/Highway 24, offering unparalleled visibility to the 26,500 vehicles passing daily. The space, previously occupied by a mattress and furniture store, features a mostly open floor plan, ideal for a variety of office configurations. A rear storage room and two restrooms are included. Note that the space is not divisible. The property sits on a 1.43-acre lot and is zoned DT (Downtown). This vibrant location is surrounded by numerous businesses, Festival Park, and the new Segra Baseball Stadium, ensuring high foot traffic and excellent brand exposure. Within a three-mile radius, there's a substantial residential population of 33,448, with an average household income of $55,012, and a significant daytime population of 51,837, providing a large potential customer base. This presents a unique opportunity to establish a thriving business in a high-demand area of Fayetteville, Cumberland County, NC (zip code 28301).

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2010
Total area 16,324 SF
Lot 1.43 ac (62,291 SF)
Zoning code DT
APN 0437-66-3257
UPID US53-3564136
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
  • Office Of Disability Adudication And Review Social Security Office
  • Probation Corporate Office
  • Senecapital Solution LLC Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.28M
Comparable Approach Comparable
$3.09M
Blend (final) Blend
$3.05M
Owner & transaction history
Boyd Fayetteville II Gsa LLC · 9 yrs held
Boyd Fayetteville II Gsa LLC
since 2017
7 recorded transactions
2017
$5.8M
2010
$16,000
2010
Price N/A
2010
$690,000
2005
Price N/A
2005
$950,000
1969
Price N/A
Zoning & alternative use
DT · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.4M +59.5%
Medical building $2.8M +28.0%
Auto repair, garage $2.7M +27.1%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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