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2800 Gillespie St Fayetteville, NC 28306

Commercial real estate Google Maps
41,730 SF 3.54 ac lot Built 2016
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$6.98M
Range $6.28M – $7.67M (±10%)
Property ID US53-1967706

Property summary

AI-generated overview

Airport Plaza, a 41,000 square foot shopping center in Fayetteville, NC, offers exceptional retail space. Located at 2800 Gillespie St, this 2016-built center boasts 165 parking spaces (4 per 1,000 sq ft) and sits on a 3.54-acre lot. Currently, 3,600 square feet are available, divisible into units ranging from 1,600 to 2,000 contiguous square feet. The space previously housed Rue21 and includes dressing rooms, a stockroom, and restrooms. The center enjoys a prime location near the Fayetteville Regional Airport, along Gillespie Street/Business 95, with excellent visibility and accessibility. Shadow-anchored by a Walmart Supercenter, Airport Plaza benefits from strong co-tenancy with national retailers like Dollar Tree and Shoe Show. The area demographics are compelling, with a three-mile radius population of 32,370, an average household income of $67,926, and a daytime population of 57,125. Gillespie Street sees 26,000 vehicles daily, ensuring high traffic volume. The property is zoned CC in Cumberland County and offers a unique opportunity for retailers seeking high visibility and strong consumer traffic in a thriving Fayetteville market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2016
Total area 41,730 SF
Lot 3.54 ac (154,202 SF)
Zoning code CC
APN 0425-96-8190
UPID US53-1967706

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Restaurant
  • Restaurant
  • Fashion Accessories Store Jewelry Store
  • Mobile Phone Store Electronics & Wireless Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.63M
Comparable Approach Comparable
$7.83M
Blend (final) Blend
$6.98M

Owner & transaction history

since 2018
3 recorded transactions
2018
$8.1M
2014
Price N/A
2014
$3.4M

Zoning & alternative use

CC · Fayetteville, NC
Zoning description

ase Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (LC) District 30-3.E.5. Community Commercial (…

General category COMMERCIAL
Top alternative use upside
Restaurant $8.8M +84.4%
Medical building $7.0M +48.0%
Auto repair, garage $7.0M +47.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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