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Property profile & analytics
OFF-MARKET
Estimated value
$11,425,000
Commercial real estate
278 Devers St, Fayetteville, NC 28303
Individually Owned
Free & Clear
Property ID
US53-1590468
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1961
Total area
62,084 SF
Lot
63.8 ac (2,779,128 SF)
Zoning code
SF15
APN
0427-19-2851
UPID
US53-1590468
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.35M
Comparable Approach
Comparable
$11.21M
Blend (final)
Blend
$11.43M
Owner & transaction history
FAYETTEVILLE TECHNICAL INSTITUTE
FAYETTEVILLE TECHNICAL INSTITUTE
Zoning & alternative use
SF15 · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.0M
+17.8%
Auto repair, garage
$12.0M
+8.4%
Office building
$12.0M
+7.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,295,000
6.5%
$11,345,000
7%
$10,535,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,075,000
Current use
RESTAURANT
$13,040,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,005,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$11,950,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$10,465,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$11.43M
Range $10.28M – $12.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
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
$31,968
Tax year 2019
Assessed value
$25,915,560
Assessed 2023
Previous assessed
$25,915,560
+0.0% YoY
Effective rate
0.12%
On assessed value
Assessed land
$5,716,627
Assessed improvement
$20,198,933
Land market value
$5,716,627
Improvement market value
$20,198,933
Total market value
$25,915,560
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
NONE
Buildings
5
Stories
1
Bathrooms
42
Total area
62,084 SF
Lot
63.8 ac (2,779,128 SF)
Zoning code
SF15
APN
0427-19-2851
UPID
US53-1590468
Jurisdiction
CUMBERLAND
Zoning & alternative use
SF15 · Fayetteville, NC
Zoning SF15 · permitted uses
SF15 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.1M
RESTAURANT
Est. value
$13.0M
AUTO REPAIR, GARAGE
Est. value
$12.0M
OFFICE BUILDING
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$10.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Buildings
5
Bathrooms
42
Lot
63.8 ac
Current owner
From public records · entity-resolved
FAYETTEVILLE TECHNICAL INSTITUTE
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 35236, FAYETTEVILLE, NC 28303-0236
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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