Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    236 Eastern Blvd Fayetteville, NC 28301-5900

    • Warehouses
    • 7,320 SF
    • 4.40 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1817672
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eggyzcustomz llc / Hardware & Home Improvement / General Contractor
    • Tarantin Tank & Equipment / Construction Company / General Contractor

    Property Details for 236 Eastern Blvd

    Year built
    1956
    Lot size
    4.40 lot acres
    Property size
    7,320 SF
    Zone code
    CC
    Property type
    Warehouses
    APN
    0437-90-5859
    APU
    437905859

    Description

    This exceptional 3,000 square foot flex space, located at 236 S Eastern Blvd in Downtown Fayetteville, NC, offers a prime leasing opportunity. Situated on Eastern Blvd/I-95 Business, this 2015-built property (renovated in 2019) boasts a spacious warehouse area with 20-foot ceilings, complemented by an office, two restrooms, and two 12x16 bay doors. The entire building encompasses 12,924 square feet, with 3,000 square feet currently available for lease at a monthly rate of $2,500. Water and sewer are included in the rent. The property sits on a 4.4-acre lot and is zoned CC. Its strategic location provides easy access to I-95 and the heart of Fayetteville, making it ideal for a variety of commercial uses. This multi-tenant building offers a blend of warehouse and office space, perfect for businesses needing both storage and administrative areas. The property's modern features and convenient location make it a highly desirable option in the thriving Downtown Fayetteville submarket of Cumberland County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $839,000
      Market price range: $233k - $839k
      AI Estimate
      $573,000
      Market price range: $220k - $574k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $460,000
      Current use
      MEDICAL BUILDING
      $1,235,000
      Change: +169% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,225,000
      Change: +167% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $965,000
      Change: +111% Conversion: Moderate
      OFFICE BUILDING
      $965,000
      Change: +110% Conversion: Difficult
      RETAIL STORES
      $890,000
      Change: +94% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $575,000
      Change: +25% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8678
    Latitude
    35.0439
    CBSA code
    22180
    CBSA name
    FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,537
    $130,838
    $558,402
    $689,240
    -
    $130,838
    $558,402
    $689,240

    Comparable in this City

    • Value Estimation by Request
      6,080 SF

      113 C St

      WAREHOUSE, STORAGE • 6,080 SF
      113 C St, Fayetteville, NC 28301
      View Details
    • Value Estimation by Request
      1,983 SF

      205 Russell St

      WAREHOUSE, STORAGE • 1,983 SF
      205 Russell St, Fayetteville, NC 28301-5655
      View Details
    • Value Estimation by Request
      3,080 SF

      Mcmillan St

      WAREHOUSE, STORAGE • 3,080 SF
      Mcmillan St, Fayetteville, NC 28301
      View Details
    • Value Estimation by Request
      4,608 SF

      650 King St

      WAREHOUSE, STORAGE • 4,608 SF
      650 King St, Fayetteville, NC 28301-6300
      View Details
    • Value Estimation by Request
      2,016 SF

      1036 Bragg Blvd

      WAREHOUSE, STORAGE • 2,016 SF
      1036 Bragg Blvd, Fayetteville, NC 28301-4512
      View Details
    • Value Estimation by Request
      1,012 SF

      974 Bragg Blvd

      MINI-WAREHOUSE, STORAGE • 1,012 SF
      974 Bragg Blvd, Fayetteville, NC 28301-4566
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,424 SF

      Downtown Fayetteville Warehouse and Showroom

      Functional 14,424 SF space in Fayetteville's Cool Spring District.
      219 W Russell St, Fayetteville, NC 28301
      View Details
    • Contact for pricing
      66,000 SF

      Fayetteville Industrial Site For Sale

      Five-building industrial site on 6+ acres with showroom and IOS.
      957 Country Club Dr, Fayetteville, NC 28301
      View Details
    • $1,999,000
      10,924 SF

      Downtown Fayetteville Commercial Space

      Adaptable commercial property in downtown Fayetteville with strong foot traffic.
      123 Hay St, Fayetteville, NC 28301
      View Details
    • Contact for pricing
      5,751 SF

      Downtown Fayetteville Flexible Commercial Space

      Versatile 5,000+ sq ft property in downtown Fayetteville.
      201-203 Franklin St, Fayetteville, NC 28301
      View Details
    • Contact for pricing

      2.64 Acre Commercial Site

      2.64 acre commercial site with high visibility and utilities.
      442 S Eastern Blvd, Fayetteville, NC 28301
      View Details
    • Contact for pricing
      Pending

      Fayetteville Wooded Lot Opportunity

      Wooded lot for investment or development in Fayetteville, NC.
      Vac St north, Fayetteville, NC 28301
      View Details

    Similar Nearby for Lease

    • New
      $5,000 /Mo

      Fayetteville Warehouse Space Available

      Versatile 7,400+ sq ft warehouse in downtown Fayetteville.
      443 Franklin St, Fayetteville, NC 28301
      View Details
    • Contact for pricing
      26,736 SF

      Fayetteville Industrial Warehouse For Lease

      Two warehouse buildings for lease near Downtown Fayetteville.
      555 Cool Spring St, Fayetteville, NC 28301
      View Details
    • Contact for pricing

      Fayetteville Flex Units For Lease

      Two flex units available for lease in Fayetteville.
      904 E Russell St, Fayetteville, NC 28301
      View Details
    • $2,700 /Mo
      13,000 SF

      Fayetteville Warehouse Space Available

      Warehouse space with bay doors and fenced parking.
      418 Person St, Fayetteville, NC 28301
      View Details
    • Contact for pricing

      Fayetteville Warehouse Space Available

      Warehouse space available for rent in Fayetteville, North Carolina.
      418 Person St, Fayetteville, NC 28301
      View Details
    • Contact for pricing
      8,448 SF

      Industrial Warehouses Near Downtown Fayetteville

      Two warehouse buildings available for lease near Highway-87.
      554 Cool Spring St, Fayetteville, NC 28301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    236 Eastern Blvd
    Fayetteville, NC 28301-5900
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!