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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Distribution centers
185 Airport Rd Fayetteville, NC 28306-3671
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1574479
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2013
Total area
24,000 SF
Lot
4.49 ac (195,584 SF)
Zoning code
LI
APN
0435-24-2118
UPID
US53-1574479
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
-
Carolina's Elite Carriers, LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$2.12M
Owner & transaction history
Fullblock LLC · 14 yrs held
Fullblock LLC
since 2012
5 recorded transactions
Zoning & alternative use
LI · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+138.8%
Retail stores
$2.8M
+113.3%
Commercial (general)
$2.7M
+106.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,325,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,165,000
Change: +139% · Conversion: Moderate
RETAIL STORES
$2,830,000
Change: +113% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,735,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±10%
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
$88 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$23,809
Tax year 2019
Assessed value
$1,600,706
Assessed 2023
Previous assessed
$1,600,706
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$112,559
Assessed improvement
$1,488,147
Land market value
$112,559
Improvement market value
$1,488,147
Total market value
$1,600,706
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Bathrooms
6
Total area
24,000 SF
Lot
4.49 ac (195,584 SF)
Zoning code
LI
APN
0435-24-2118
UPID
US53-1574479
Jurisdiction
CUMBERLAND
Zoning & alternative use
LI · Fayetteville, NC
Zoning LI · permitted uses
LI · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
2013
Heating
NONE
Stories
1
Bathrooms
6
Lot
4.49 ac
Current owner
From public records · entity-resolved
Fullblock LLC
Entity
Free & Clear · 14 yrs held
Mailing address
2715 ASHTON DR STE #100, WILMINGTON, NC 28412-2495
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2017
—
Fullblock LLC A North Carolina Limi
—
Deed
related
$1,758,125 · Park Sterling Bank
Nov 30, 2017
—
Fullblock II LLC A North Carolina L
—
Deed
related
$1,758,125 · Park Sterling Bank
Feb 5, 2013
—
Fullblock LLC
—
Trustees Deed
related
$1,500,000 · Park Sterling Bank
May 21, 2012
$238,000
Fullblock LLC
Averitt Properties INC
Warranty Deed
—
—
—
Fullblock LLC
—
Deed Of Trust
related
$1,700,000 · Park Sterling Bk
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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