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

    2847 Bridgewood Dr Fayetteville, NC 28306-1201

    • Office buildings
    • 8,989 SF
    • 2.46 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2020
    Value Estimations
    $2,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3020037
    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

    • Office buildings

    Property Details for 2847 Bridgewood Dr

    Year built
    2016
    Lot size
    2.46 lot acres
    Property size
    8,989 SF
    Zone code
    HI
    Property type
    Office buildings
    APN
    0435-14-6951
    APU
    435146951

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,955,000
      6.5%
      $1,805,000
      7%
      $1,675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,185,000
      Market price range: $837k - $2.19M
      AI Estimate
      $2,095,000
      Market price range: $794k - $2.10M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,425,000
      Current use
      RESTAURANT
      $1,890,000
      Change: +32% Conversion: Moderate
      MEDICAL BUILDING
      $1,515,000
      Change: +6% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,505,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8943
    Latitude
    34.9999
    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
    $27,641
    $54,410
    $1,811,649
    $1,866,059
    -
    $54,410
    $1,811,649
    $1,866,059

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      3738 Boone Trl

      OFFICE BUILDING • 3,200 SF
      3738 Boone Trl, Fayetteville, NC 28306-2793
      View Details
    • Value Estimation by Request
      2,299 SF

      3115 Boone Trl

      OFFICE BUILDING • 2,299 SF
      3115 Boone Trl, Fayetteville, NC 28306-2131
      View Details
    • Value Estimation by Request
      2,893 SF

      4239 Cameron Rd

      OFFICE BUILDING • 2,893 SF
      4239 Cameron Rd, Fayetteville, NC 28306-7106
      View Details
    • Value Estimation by Request
      1,152 SF

      403 Quality Rd

      OFFICE BUILDING • 1,152 SF
      403 Quality Rd, Fayetteville, NC 28306
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    • Value Estimation by Request
      3,060 SF

      2444 Owen Dr

      OFFICE BUILDING • 3,060 SF
      2444 Owen Dr, Fayetteville, NC 28306-2969
      View Details
    • Value Estimation by Request
      1,170 SF

      1515 Rocktree Ct

      OFFICE BUILDING • 1,170 SF
      1515 Rocktree Ct, Fayetteville, NC 28306-1856
      View Details

    Similar Nearby for Sale

    • $3,999,000
      15,547 SF

      Fayetteville Office Building For Sale

      Class A Office, 15,547 SF, Ample Parking
      2847 Bridgewood Dr, Fayetteville, NC 28306
      View Details
    • $175,000
      1,776 SF

      Fayetteville Flex Building For Sale

      1,776 SF flex building near downtown Fayetteville, recently renovated.
      1500 Gillespie St, Fayetteville, NC 28306
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    • Contact for pricing
      10.00 Acres

      Fayetteville Commercial Land - 10 Acres

      Prime Fayetteville commercial land, ideal for development.
      7138 Rockfish Rd, Fayetteville, NC 28306
      View Details
    • $80,000
      1.33 Acres

      Residential Lots in Copeland Acres

      Four residential lots totaling 1.33 acres in Fayetteville, NC.
      Howe Ct, Fayetteville, NC 28306
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    • $280,000
      9.70 Acres

      Fayetteville Commercial Land For Sale

      9.72 acres of industrial-zoned land with road frontage.
      1185 S Eastern Blvd, Fayetteville, NC 28306
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    • $400,000
      4.35 Acres

      Fayetteville Land with Road Frontage

      4.35 acres with road frontage near major highways.
      3165 George Owen Rd, Fayetteville, NC 28306
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    Similar Nearby for Lease

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      10,000 SF

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      View Details
    • $7 SF/Yr
      12,000 SF

      Wilmington Hwy Flex Space Opportunity

      12,000 SF Flex Space, Ideal Distribution
      1565 Wilmington Hwy, Fayetteville, NC 28306
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    • Contact for pricing
      6,724 SF

      Hope Mills Rd Office Complex

      Fayetteville, NC Office & Industrial Space
      2617 Hope Mills Rd, Fayetteville, NC 28306
      View Details
    • Contact for pricing
      8,784 SF

      Fayetteville Executive Office Space

      8,784 SF Office, Ample Parking
      2587 Hope Mills Rd, Fayetteville, NC 28306
      View Details
    • $2,300 /Mo

      Fayetteville Commercial Space For Rent

      Versatile 1,502 sq ft space ideal for offices or medical practices.
      2617 Hope Mills Rd, Fayetteville, NC 28306
      View Details
    • $7 SF/Yr
      10,745 SF

      Cumberland County Warehouse - 10,745 SF

      10,745 SF Warehouse, Ideal for Distribution
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      View Details
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    Fayetteville, NC 28306-1201
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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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