Property profile

223 Fairway Dr Fayetteville, NC 28305

OFF-MARKET
Office buildings
Property ID
US53-0093649
3,579 SF 0.93 ac lot Built 1981
Individually Owned 22-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 3,579 SF
Lot 0.93 ac (40,511 SF)
Zoning code OI
APN 0427-50-1505
UPID US53-0093649

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Real Estate Agency

Location

223 Fairway Dr Fayetteville, NC 28305-5511
Fayetteville metro Census 702 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
$720k
Comparable Approach Comparable
$738k
Blend (final) Blend
$600k

Owner & transaction history

since 2004
1 recorded transaction
2004
$333,000

Zoning & alternative use

OI · Fayetteville, NC
Zoning description

Residential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Medical building $605,000 +13.6%
Auto repair, garage $600,000 +12.9%

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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