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Property profile & analytics
FOR LEASE
Office buildings
310 Dick St Fayetteville, NC 28301
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1237738
For Lease
1 / 33
Contact for pricing
310 Dick St, Fayetteville, NC 28301
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
8,024 SF
Lot
0.88 ac (38,333 SF)
Zoning code
LC-LIMITED COMMERCIAL,OI-
APN
0437-62-2506
UPID
US53-1237738
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$600k
Owner & transaction history
G Michael Pleasant · 6 yrs held
G Michael Pleasant
since 2020
Last sale
$525,000
3 recorded transactions
Zoning & alternative use
LC-LIMITED COMMERCIAL,OI- · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$615,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$975,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $525k (Jan 9 2020)
Last sale anchor
$525k
Jan 9 2020
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
$75 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,283
Tax year 2023
Assessed value
$543,215
Assessed 2023
Previous assessed
$543,215
+0.0% YoY
Effective rate
0.60%
On assessed value
Assessed land
$137,428
Assessed improvement
$405,787
Land market value
$137,428
Improvement market value
$405,787
Total market value
$543,215
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1978
Heating
NONE
Stories
1
Bathrooms
2
Total area
8,024 SF
Lot
0.88 ac (38,333 SF)
Zoning code
LC-LIMITED COMMERCIAL,OI-
APN
0437-62-2506
UPID
US53-1237738
Jurisdiction
CUMBERLAND
Zoning & alternative use
LC-LIMITED COMMERCIAL,OI- · Fayetteville, NCZoning LC-LIMITED COMMERCIAL,OI- · permitted uses
LC-LIMITED COMMERCIAL,OI- · Fayetteville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$975,000
RETAIL STORES
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
1978
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
G Michael Pleasant
Individual
Mailing address
PO BOX 2067, FAYETTEVILLE, NC 28302-2067
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
$525,000
G Michael Pleasant
James R Nance JR
Warranty Deed
$525,000 · First Bank
Nov 16, 2004
$150,000
Nance,james R JR & Joann W
George B JR
Warranty Deed
$287,500 · Branch Bk&tr
Mar 11, 2004
—
Herndon,eleanor H
George B Herndon JR
Quit Claim Deed
related
—
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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