Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2541 Gillespie St Fayetteville, NC 28306-3024
    Back to Search
    Property profile & analytics

    2541 Gillespie St Fayetteville, NC 28306-3024

    View on Map
    • Auto shops
    • 9,200 SF
    • 3.16 lot acres
    Off-Market
    Property ID
    US53-5781559
    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.
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Black's Tire & Auto Service / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 2541 Gillespie St

    Year built
    1993
    Lot size
    3.16 lot acres
    Property size
    9,200 SF
    Zone code
    CP
    Property type
    Auto shops
    APN
    0435-18-1657
    APU
    435181657

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $986,000
      Market price range: $518k - $1.68M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8958
    Latitude
    35.0102
    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
    $5,777
    $154,614
    $423,644
    $578,258
    -
    $154,614
    $423,644
    $578,258

    Comparable in this City

    • Value Estimation by Request
      2,250 SF

      4521 Cumberland Rd

      AUTO REPAIR, GARAGE • 2,250 SF
      4521 Cumberland Rd, Fayetteville, NC 28306-2409
      View Details
    • Value Estimation by Request
      716 SF

      1026 Camden Rd

      AUTO REPAIR, GARAGE • 716 SF
      1026 Camden Rd, Fayetteville, NC 28306-1602
      View Details
    • Value Estimation by Request
      2,812 SF

      1120 Gillespie St

      AUTO REPAIR, GARAGE • 2,812 SF
      1120 Gillespie St, Fayetteville, NC 28306-1552
      View Details
    • Value Estimation by Request
      5,526 SF

      3580 Gillespie St

      AUTO REPAIR, GARAGE • 5,526 SF
      3580 Gillespie St, Fayetteville, NC 28306-9264
      View Details
    • Value Estimation by Request
      1,536 SF

      2505 Southern Ave

      AUTO REPAIR, GARAGE • 1,536 SF
      2505 Southern Ave, Fayetteville, NC 28306
      View Details
    • Value Estimation
      $1,990,000
      2,870 SF

      2577 Hope Mls Rd

      AUTO REPAIR, GARAGE • 2,870 SF
      2577 Hope Mls Rd, Fayetteville, NC 28306-8311
      View Details

    Similar Nearby for Sale

    • New
      $389,000
      2,000 SF

      Retail/Office Building with Drive-Thru

      Versatile retail/office building with drive-thru and potential apartment upstairs.
      1935 Gillespie St, Fayetteville, NC 28306
      View Details
    • $389,000
      2,806 SF

      Retail Building with Drive-Through

      Retail building with drive-through, suitable for various businesses.
      1935 Gillespie St, Fayetteville, NC 28306
      View Details
    • $399,000

      Turnkey Business Opportunity on Cumberland

      Business opportunity with 0.29 acre lot and paved parking.
      3386 Cumberland Rd, Fayetteville, NC 28306
      View Details
    • Contact for pricing
      259,960 SF

      Industrial Facility on 31 Acres

      259,960 SF industrial facility on 31 acres for sale.
      800 Technology Dr, Fayetteville, NC 28306
      View Details
    • Contact for pricing

      Commercial Land Corner Lot

      1.47 acre corner lot zoned CC for commercial use.
      Camden Rd, Fayetteville, NC 28306
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Commercial Property for Lease

      Adaptable commercial space suitable for office, retail, or automotive businesses.
      2617 Hope Mills Rd, Fayetteville, NC 28306
      View Details
    • Contact for pricing

      Fayetteville Commercial Property for Rent

      Commercial property available for rent in Fayetteville, North Carolina.
      Rockfish Rd & King Rd, Fayetteville, NC 28306
      View Details
    • $7,000 /Mo

      Versatile Retail, Flex, Warehouse Space

      8,564 SF retail, flex, and warehouse space for lease.
      2712 Owen Dr, Fayetteville, NC 28306
      View Details
    • $24 SF/Yr
      41,000 SF

      Airport Plaza Retail Space

      Fayetteville, NC Shopping Center Opportunity
      2800 Gillespie St, Fayetteville, NC 28306
      View Details
    • Contact for pricing

      Walmart Anchored Retail Space

      Retail space and outparcels available in Fayetteville shopping center.
      2800 Gillespie St, Fayetteville, NC 28306
      View Details
    • $1,100 /Mo

      Versatile Office or Retail Space

      Office or retail space with kitchen, bath, ample parking.
      3731 Boone Trail Ext, Fayetteville, NC 28306
      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.
    2541 Gillespie St
    Fayetteville, NC 28306-3024
    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

    Thank You for Inquiry
    2541 Gillespie St, Fayetteville, NC, 28306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!