328 Person St Fayetteville, NC 28301-5736
Property profile & analytics
328 Person St Fayetteville, NC 28301-5736
- Retail space
- 1,782 SF
- 1.93 lot acres
Property ID
US53-0173545
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.
Location Intelligence
Current Use by Public Records
- 4D Signs (NC Branch) / (Bike/Boat/Book/etc) Store / Printing Service
Property Details for 328 Person St
- Year built
- 1948
- Lot size
- 1.93 lot acres
- Property size
- 1,782 SF
- Zone code
- CC-COMMUNITY COMMERCIAL
- Property type
- Retail space
- APN
- 0437-73-8057
- APU
- 437738057
Description
This fee-simple industrial property in Fayetteville, NC, offers a compelling investment opportunity. The 26,388 square-foot building, situated on a 1.9-acre lot, is currently under a net lease with 4D Signs Express, expiring November 29, 2031. The lease features a desirable 3% annual rent increase, providing substantial rent growth potential over the remaining seven-year term. The property boasts a strong 8.00% cap rate and a current NOI of $141,719. Significant improvements were completed in 2023, including new HVAC units and roof (with transferrable warranties from prior improvements in 2018). The tenant's personal guarantees further enhance the investment's security. The property benefits from its strategic location within a dense industrial and retail corridor, near major employers like Fort Liberty (formerly Fort Bragg), Fayetteville State University, and Methodist University, as well as numerous healthcare facilities and retail destinations including Walmart, Target, and Lowe's. The surrounding area exhibits strong population growth projections, adding to the property's long-term value. The building features 31 parking spaces and is zoned for commercial use. Built in 1971, the single-story structure underwent renovations in 2023. The property's proximity to major transportation arteries and educational institutions makes it an attractive investment with significant upside potential. The asking price is $1,772,000, representing a price per square foot of $67.15 and a price per acre of $961,676. The property is ready for immediate occupancy on November 30, 2023.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8735
- Latitude
- 35.0498
- 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
2022
$0.00
$196,726
$616,925
$813,651
-
$196,726
$616,925
$813,651
