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    310 Dick St Fayetteville, NC 28301
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    Property profile & analytics

    310 Dick St, Fayetteville, NC 28301

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    • Office buildings
    • 8,024 SF
    • 0.88 lot acres
    For Lease
    $600,000
    View Listing →
    Downtown Fayetteville Office Suite For Lease
    $600,000

    Downtown Fayetteville Office Suite

    Remodeled office suite in downtown Fayetteville with utilities included.

    310 Dick St, Fayetteville, NC 28301
    View Listing
    Property ID
    US53-1237738
    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.
    Value Estimations
    $600,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • US Probation & Parole Office / Probation Office
    • Ferguson Law Firm / Law Firm / Child Welfare Organization
    • Yarborough, Winters & Neville, P.A. / Law Firm
    • Comet Dumpsters / Waste Management Facility
    • Fortem Genus / Security Service

    Property Details for 310 Dick St

    Year built
    1978
    Lot size
    0.88 lot acres
    Property size
    8,024 SF
    Zone code
    LC-LIMITED COMMERCIAL,OI-
    Property type
    Office buildings
    APN
    0437-62-2506
    APU
    437622506

    Description

    This exceptional 8,000 square foot Class B office building, constructed in 1978, is situated in the heart of Downtown Fayetteville, Cumberland County, NC. The property, located at 310 Dick St, zip code 28301, boasts a 0.72-acre lot and offers ample parking with 40 spaces. Currently, 2,200 square feet of executive office space is available for lease within this multi-tenant building. Recent renovations include a new roof, carpeting, paint, and HVAC system. The building features four large, private office suites, each with its own private entrance and restrooms, and can be leased individually or combined to accommodate various business needs. The building is conveniently located near the courthouse and other downtown amenities, providing easy access to Gillespie and Dick Streets. Tenants will be in the company of several government and attorney offices. All utilities and NNN charges are included in the lease rate. The property is zoned OI.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $615,000
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $705,000
      Market price range: $375k - $1.52M
      AI Estimate
      $679,000
      Market price range: $612k - $1.36M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $975,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.879
    Latitude
    35.0484
    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
    $3,283
    $137,428
    $405,787
    $543,215
    -
    $137,428
    $405,787
    $543,215

    Comparable in this City

    • Value Estimation by Request
      1,161 SF

      1318 Ramsey St

      OFFICE BUILDING • 1,161 SF
      1318 Ramsey St, Fayetteville, NC 28301-4474
      View Details
    • Value Estimation by Request
      2,000 SF

      465 Ramsey St

      OFFICE BUILDING • 2,000 SF
      465 Ramsey St, Fayetteville, NC 28301-4909
      View Details
    • Value Estimation by Request
      2,720 SF

      1111 Bragg Blvd

      OFFICE BUILDING • 2,720 SF
      1111 Bragg Blvd, Fayetteville, NC 28301-4513
      View Details
    • Value Estimation by Request
      2,640 SF

      1041 Bragg Blvd

      OFFICE BUILDING • 2,640 SF
      1041 Bragg Blvd, Fayetteville, NC 28301-4511
      View Details
    • Value Estimation by Request
      1,008 SF

      273 Gillespie St

      OFFICE BUILDING • 1,008 SF
      273 Gillespie St, Fayetteville, NC 28301-5672
      View Details
    • Value Estimation by Request
      4,000 SF

      525 Gillespie St

      OFFICE BUILDING • 4,000 SF
      525 Gillespie St, Fayetteville, NC 28301-5617
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Downtown Fayetteville Office Suite

      Remodeled office suite in downtown Fayetteville with utilities included.
      310 Dick St, Fayetteville, NC 28301
      View Details
    • $2,900 /Mo

      Downtown Fayetteville Office Suites For Rent

      Remodeled office suites in downtown Fayetteville, utilities included.
      310 Dick St, Fayetteville, NC 28301
      View Details
    • $1,800 /Mo

      Fayetteville Commercial Flex and Office

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      Downtown Fayetteville Office Space Available

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    • $650 /Mo

      Downtown Fayetteville Office Space

      Single-room office in historic downtown Fayetteville building for rent.
      219 Dick St, Fayetteville, NC 28301
      View Details
    View Listing
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    Fayetteville, NC 28301
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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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