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Property profile & analytics
OFF-MARKET
Warehouses
2346 Gillespie St, Fayetteville, NC 28306-3026
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-0758412
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
3,200 SF
Lot
9.9 ac (431,244 SF)
Zoning code
LI
APN
0436-01-5023
UPID
US53-0758412
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
-
Self-Storage at U-Haul Storage Facility
-
H L Home Care Home Health Care Service
-
Trailer Hitches at U-Haul Auto Parts Store
-
U-Haul Moving & Storage of Fayetteville at Coliseum Car Rental Facility
-
Moving Supplies at U-Haul Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Arec 28 LLC · 7 yrs held
Arec 28 LLC
since 2018
5 recorded transactions
Zoning & alternative use
LI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$36,559
Tax year 2019
Assessed value
$2,310,900
Assessed 2023
Previous assessed
$2,310,900
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$36,671
Assessed improvement
$2,274,229
Land market value
$36,671
Improvement market value
$2,274,229
Total market value
$2,310,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
YES
Buildings
5
Stories
1
Bathrooms
2
Total area
3,200 SF
Lot
9.9 ac (431,244 SF)
Zoning code
LI
APN
0436-01-5023
UPID
US53-0758412
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.
Building & site characteristics
From public records
Year built
2003
Heating
YES
Stories
1
Buildings
5
Bathrooms
2
Lot
9.9 ac
Current owner
From public records · entity-resolved
Arec 28 LLC
Entity
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Ownership since
2018
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
Oct 23, 2018
—
Arec 28 LLC
Arec 24 LLC
Quit Claim Deed
$49,200,000 · Bank Of America
Dec 6, 2016
—
Arec 24 LLC
Amerco Real Estate Co
Grant Deed
—
Aug 14, 2012
$790,000
Amerco Real Estate Co
Sutherland Reo LLC
Grant Deed
—
Jan 12, 2012
$440,000
Sutherland Reo LLC
Atlas Nc I Spe LLC
Grant Deed
—
Dec 23, 2010
$1,638,000
Atlas Nc 1 Spe LLC
Herholz Holdings LLC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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