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

    2917 Murchison Rd Fayetteville, NC 28301-2933

    • Auto shops
    • 4,352 SF
    • 5.47 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2021
    $195,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1780703
    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

    • Evans Auto Repair & Storage / Auto Repair Shop

    Property Details for 2917 Murchison Rd

    Year built
    1976
    Lot size
    5.47 lot acres
    Property size
    4,352 SF
    Zone code
    CC
    Property type
    Auto shops
    APN
    0428-58-7625
    APU
    428587625

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.914
    Latitude
    35.0927
    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
    $5,410
    $202,534
    $142,454
    $344,988
    -
    $202,534
    $142,454
    $344,988

    Comparable in this City

    • Value Estimation by Request
      2,173 SF

      2903 Murchison Rd

      AUTO REPAIR, GARAGE • 2,173 SF
      2903 Murchison Rd, Fayetteville, NC 28301-2933
      View Details
    • Value Estimation by Request
      3,792 SF

      221 Cool Spg St

      AUTO REPAIR, GARAGE • 3,792 SF
      221 Cool Spg St, Fayetteville, NC 28301-5705
      View Details
    • Value Estimation by Request
      1,650 SF

      603 Murchison Rd

      AUTO REPAIR, GARAGE • 1,650 SF
      603 Murchison Rd, Fayetteville, NC 28301-7010
      View Details
    • Value Estimation by Request
      4,593 SF

      970 Bragg Blvd

      AUTO REPAIR, GARAGE • 4,593 SF
      970 Bragg Blvd, Fayetteville, NC 28301-4566
      View Details
    • Value Estimation by Request
      3,300 SF

      524 Eastern Blvd

      AUTO REPAIR, GARAGE • 3,300 SF
      524 Eastern Blvd, Fayetteville, NC 28301-6375
      View Details
    • Value Estimation by Request
      4,800 SF

      1920 Pamalee Dr

      AUTO REPAIR, GARAGE • 4,800 SF
      1920 Pamalee Dr, Fayetteville, NC 28301
      View Details

    Similar Nearby for Sale

    • $259,000

      Downtown Fayetteville Retail Condo

      High-visibility corner location, great investment.
      311 Hay St, Fayetteville, NC 28301
      View Details
    • Contact for pricing

      Corner Lot Near Fort Liberty

      Signalized corner lot near Fort Liberty with high traffic volume.
      Fayetteville, NC 28301
      View Details
    • $1,399,000
      11,700 SF

      Fayetteville QSR Investment Opportunity

      High-Visibility QSR, 11,700 SF, 1.78 Acres
      301 Robeson St, Fayetteville, NC 28301
      View Details
    • $375,000
      3,697 SF

      Former Restaurant Building For Sale

      3,697 SF former restaurant with drive-thru on 1.03 acres.
      305 N Eastern Blvd, Fayetteville, NC 28301
      View Details
    • $1,300,000
      14,424 SF

      Downtown Fayetteville Mixed-Use Gem

      14,424 SF Flex Space, $1.3M
      219 Russell St, Fayetteville, NC 28301
      View Details
    • $950,000
      3,049 SF

      Historic Downtown Fayetteville Mixed-Use Building

      Two-story renovated building in the heart of historic downtown Fayetteville.
      116 Hay St, Fayetteville, NC 28301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,712 SF

      Downtown Fayetteville Auto Shop Space

      4,712 SF auto shop in Fayetteville's downtown district.
      317 Union St, Fayetteville, NC 28301
      View Details
    • Contact for pricing
      33,121 SF

      Downtown Fayetteville Creative Office Space

      6,610 SF Creative Office, Prime Location
      505 Franklin St, Fayetteville, NC 28301
      View Details
    • $12 SF/Yr
      31,750 SF

      Fayetteville Executive Office Space

      Downtown Fayetteville office, 8,281 SF available.
      150 Rowan St, Fayetteville, NC 28301
      View Details
    • $2,200 /Mo

      Retail/Office Space in Fayetteville, NC

      Prime retail/office space in downtown Fayetteville, NC.
      403 Gillespie St, Fayetteville, NC 28301
      View Details
    • $14 SF/Yr
      24,748 SF

      Fayetteville Office/Retail Space

      Downtown Fayetteville HUB Zone, flexible suites.
      726 Ramsey St, Fayetteville, NC 28301
      View Details
    • $1,820 /Mo
      1,185 SF

      Fayetteville Retail and Office Space

      Retail and office spaces available in Fayetteville, North Carolina.
      1047 Murchison Rd, Fayetteville, NC 28301
      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.
    2917 Murchison Rd
    Fayetteville, NC 28301-2933
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.