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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2507 Bragg Blvd Fayetteville, NC 28303-4169

    • Banks
    • 12,640 SF
    • 2.19 lot acres
    OFF-MARKET
    Last Sale
    May 10, 2024
    $1,950,000
    Value Estimations
    $1,950,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1362409
    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

    • BridgeTrust Title / Title Company
    • McGriff Insurance Services / Insurance Agency

    Property Details for 2507 Bragg Blvd

    Year built
    1956
    Lot size
    2.19 lot acres
    Property size
    12,640 SF
    Zone code
    CC
    Property type
    Banks
    APN
    0428-21-7016
    APU
    428217016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,950,000
      ML approach
      $1,950,000

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $1,200,000
      Current use
      OFFICE BUILDING
      $2,075,000
      Change: +73% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,540,000
      Change: +29% Conversion: Difficult
      MEDICAL BUILDING
      $1,380,000
      Change: +15% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,295,000
      Change: +8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,295,000
      Change: +8% Conversion: Difficult
      RESTAURANT
      $1,245,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9241
    Latitude
    35.0718
    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
    $18,783
    $307,889
    $944,804
    $1,252,693
    -
    $307,889
    $944,804
    $1,252,693

    Comparable in this City

    • Value Estimation
      $1,700,000
      1,590 SF

      3466 Bragg Blvd

      FINANCIAL BUILDING • 1,590 SF
      3466 Bragg Blvd, Fayetteville, NC 28303-3946
      View Details
    • Value Estimation by Request
      3,000 SF

      200 Mcpherson Church Rd

      FINANCIAL BUILDING • 3,000 SF
      200 Mcpherson Church Rd, Fayetteville, NC 28303
      View Details
    • Value Estimation by Request
      1,920 SF

      2617 Bragg Blvd

      FINANCIAL BUILDING • 1,920 SF
      2617 Bragg Blvd, Fayetteville, NC 28303-4143
      View Details
    • Value Estimation by Request
      3,985 SF

      490 Mcpherson Church Rd

      FINANCIAL BUILDING • 3,985 SF
      490 Mcpherson Church Rd, Fayetteville, NC 28303-4408
      View Details
    • Value Estimation by Request
      5,178 SF

      2818 Raeford Rd Ste, Unit 100

      FINANCIAL BUILDING • 5,178 SF
      2818 Raeford Rd Ste, Fayetteville, NC 28303-5531
      View Details
    • Value Estimation
      $560,000
      6,004 SF

      4065 Sycamore Dairy Rd

      FINANCIAL BUILDING • 6,004 SF
      4065 Sycamore Dairy Rd, Fayetteville, NC 28303-3458
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,920 SF

      Fayetteville Retail Space - 1920 SF

      Prime retail location, vacant bank branch.
      2617 Bragg Blvd, Fayetteville, NC 28303
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    • Contact for pricing
      1 SF

      Former Bank Branch Near Retail

      1,920 SF former bank branch near Fayetteville Tech Community College.
      2617 Bragg Blvd, Fayetteville, NC 28303
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    • $1,000,000
      7,868 SF

      Fayetteville Retail and Office Space

      7,868 SF retail/office property in Fayetteville's heart.
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      View Details
    • $499,000
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      Fayetteville Retail Property For Sale

      Tenant-occupied retail property with a lease until 2027.
      3000 Fort Bragg Rd, Fayetteville, NC 28303
      View Details
    • $1,005,391

      Fully Leased Retail Building

      Fully leased retail building in Fayetteville, North Carolina for sale.
      2826 Raeford Rd, Fayetteville, NC 28303
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    • $795,000
      0.96 Acres

      Fayetteville Retail/Warehouse Opportunity

      Metal building suitable for retail, storage, warehouse, distribution.
      1027 Pamalee Dr, Fayetteville, NC 28303
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    Similar Nearby for Lease

    • $1,500 /Mo
      911 SF

      Fayetteville Commercial Space For Rent

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      1503 Hope Mills Rd, Fayetteville, NC 28303
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    • $3,500 /Mo
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      Fayetteville Retail Space For Lease

      1,900 SF retail building on 0.49 acres in Fayetteville.
      2823 Raeford Rd, Fayetteville, NC 28303
      View Details
    • $2,500 /Mo

      Retail Space Near Fort Bragg

      Retail or office space in a high-traffic Fayetteville location.
      500 N Reilly Rd, Fayetteville, NC 28303
      View Details
    • New
      $1,500 /Mo
      1,199 SF

      Fayetteville Commercial Suite For Rent

      Well-located commercial suite suitable for personal service or professional use.
      5114 Yadkin Road Ext, Fayetteville, NC 28303
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    • Contact for pricing
      790,582 SF

      Cross Creek Mall: Retail & Office Space

      Fayetteville, NC commercial space available.
      419 Cross Creek St, Fayetteville, NC 28303
      View Details
    • $2,000 /Mo

      Functional Office Space For Rent

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      2915 Raeford Rd, Fayetteville, NC 28303
      View Details
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    Fayetteville, NC 28303-4169
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    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
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