Sign Up Successful!
You now have access to more from Realmo!
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

    2702 Raeford Rd Fayetteville, NC 28303-5458

    • Grocery and convenience stores
    • 4,988 SF
    • 0.86 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2020
    $2,050,000
    Value Estimations
    $2,200,000
    Show details
    Cap Rate Potential
    3%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US53-0918797
    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

    • Harris Teeter Fuel Center / Gas Station

    Property Details for 2702 Raeford Rd

    Year built
    1997
    Lot size
    0.86 lot acres
    Property size
    4,988 SF
    Zone code
    CC
    Property type
    Grocery and convenience stores
    APN
    0427-31-2734
    APU
    427312734

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,395,000
      ML approach
      $2,295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9224
    Latitude
    35.0462
    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
    $12,474
    $622,874
    $249,860
    $872,734
    -
    $622,874
    $249,860
    $872,734

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      6295 Yadkin Rd

      CONVENIENCE STORE • 1,500 SF
      6295 Yadkin Rd, Fayetteville, NC 28303-2648
      View Details
    • Value Estimation by Request
      0.37 Acres

      5001 Bragg Blvd

      CONVENIENCE STORE • 0.37 Acres
      5001 Bragg Blvd, Fayetteville, NC 28303-3556
      View Details
    • Value Estimation
      $830,000
      21,179 SF

      824 Santee Dr

      GROCERY, SUPERMARKET • 21,179 SF
      824 Santee Dr, Fayetteville, NC 28303-3482
      View Details
    • Value Estimation by Request
      1,350 SF

      6101 Yadkin Rd

      CONVENIENCE STORE • 1,350 SF
      6101 Yadkin Rd, Fayetteville, NC 28303-2650
      View Details
    • Value Estimation by Request
      2,304 SF

      6489 Yadkin Rd

      CONVENIENCE STORE • 2,304 SF
      6489 Yadkin Rd, Fayetteville, NC 28303-2166
      View Details
    • Value Estimation by Request
      2,100 SF

      6508 Yadkin Rd

      CONVENIENCE STORE • 2,100 SF
      6508 Yadkin Rd, Fayetteville, NC 28303-2165
      View Details

    Similar Nearby for Sale

    • $98,000
      0.34 Acres

      Commercial Corner Lot on Reily

      Commercial corner lot near Fort Bragg and I-295 interchange.
      7505 Overbrook Dr, Fayetteville, NC 28303
      View Details
    • $1,000,000
      7,868 SF

      Fayetteville Retail and Office Space

      7,868 SF retail/office property in Fayetteville's heart.
      4441 Bragg Blvd, Fayetteville, NC 28303
      View Details
    • $299,000
      2,448 SF

      Fayetteville Retail Building For Sale

      2,448 SF commercial building on 0.33 acres near Skibo Road.
      1023 Pamalee Dr, Fayetteville, NC 28303
      View Details
    • Contact for pricing
      1,920 SF

      Fayetteville Retail Space - 1920 SF

      Prime retail location, vacant bank branch.
      2617 Bragg Blvd, Fayetteville, NC 28303
      View Details
    • $499,000
      5,160 SF

      Fayetteville Retail Property For Sale

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

    Similar Nearby for Lease

    • $1,500 /Mo
      911 SF

      Fayetteville Commercial Space For Rent

      Versatile commercial space in a high-demand Fayetteville location.
      1503 Hope Mills Rd, Fayetteville, NC 28303
      View Details
    • $3,500 /Mo
      1,900 SF

      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
      View Details
    • 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

      Move-in ready office suite designed for medical or professional use.
      2915 Raeford Rd, Fayetteville, NC 28303
      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.
    2702 Raeford Rd
    Fayetteville, NC 28303-5458
    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.