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

    3611 Ramsey St Fayetteville, NC 28311-7647

    • Commercial real estate
    • 83,004 SF
    • 5.63 lot acres
    OFF-MARKET
    Last Sale
    Sep 16, 2022
    $8,500,000
    Value Estimations
    $8,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0843134
    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

    • CACI INC. / Corporate Office
    • Manna Church Ramsey St. Site / Church
    • L-3 Stratis / Security Service

    Property Details for 3611 Ramsey St

    Year built
    1966
    Lot size
    5.63 lot acres
    Property size
    83,004 SF
    Zone code
    CC
    Property type
    Commercial real estate
    APN
    0439-54-6695
    APU
    439546695

    Description

    This exceptional 85,000-square-foot flex/warehouse center in Fayetteville, North Carolina, presents a compelling investment opportunity. Boasting a 7.97% cap rate and a pro-forma cap rate of 9.63%, this stabilized property offers significant potential. The single-story, 1966-built building underwent a complete renovation in 2020, including a new roof, HVAC system, storefronts, and exterior repainting. Currently 92% occupied by two credit-rated tenants, including a NYSE-listed company, with a corporate guarantee, this property features a strong tenant base with a history of on-time payments and 3% annual rent increases. The lease structure is NNN, excluding roof and structural repairs. Built with steel and masonry construction and equipped with a full fire suppression system, the property sits on a 5.6-acre lot (APN: 0439-54-6695) and includes one loading dock and one dock-high door. The building features an 18-foot, 6-inch ceiling height. The asking price is $8,900,000, translating to $106 per square foot. Tenants recently invested over $4 million in interior renovations. The property is zoned CC. This low-maintenance asset is ideal for 1031 exchange investors seeking a strong return on investment. The current NOI is $708,930, with a pro-forma NOI of $866,813.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,595,000
      ML approach
      $9,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,118,000
      Market price range: $3.03M - $17.3M
      AI Estimate
      $6,596,000
      Market price range: $1.50M - $17.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $9,455,000
      Current use
      MEDICAL BUILDING
      $13,990,000
      Change: +48% Conversion: Easy
      AUTO REPAIR, GARAGE
      $13,895,000
      Change: +47% Conversion: Difficult
      OFFICE BUILDING
      $13,170,000
      Change: +39% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $10,950,000
      Change: +16% Conversion: Difficult
      RETAIL STORES
      $9,785,000
      Change: +3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8807
    Latitude
    35.1091
    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
    2019
    $53,009
    $365,203
    $3,184,797
    $3,550,000
    -
    $365,203
    $3,184,797
    $3,550,000

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      5704 Murchison Rd

      COMMERCIAL (GENERAL) • 0.12 Acres
      5704 Murchison Rd, Fayetteville, NC 28311-0756
      View Details
    • Value Estimation
      $2,675,000
      0.25 Acres

      3623 Murchison Rd

      COMMERCIAL (GENERAL) • 0.25 Acres
      3623 Murchison Rd, Fayetteville, NC 28311
      View Details
    • Value Estimation
      $4,510,000
      80,600 SF

      4208 Murchison Rd

      COMMERCIAL (GENERAL) • 80,600 SF
      4208 Murchison Rd, Fayetteville, NC 28311-2842
      View Details
    • Value Estimation by Request
      1,614 SF

      3325 Grn Vly Rd

      COMMERCIAL (GENERAL) • 1,614 SF
      3325 Grn Vly Rd, Fayetteville, NC 28311
      View Details
    • Value Estimation
      $785,000
      3,940 SF

      533 Carver Fls Rd

      COMMERCIAL (GENERAL) • 3,940 SF
      533 Carver Fls Rd, Fayetteville, NC 28311-7065
      View Details
    • Value Estimation
      $7,355,000
      10,520 SF

      3901 Ramsey St

      COMMERCIAL (GENERAL) • 10,520 SF
      3901 Ramsey St, Fayetteville, NC 28311-7654
      View Details

    Similar Nearby for Sale

    • $340,500
      6.81 Acres

      I-295 Submarket Land - Fayetteville, NC

      6.81 Acres, $340,500, High Visibility
      4437 Murchison Rd, Fayetteville, NC 28311
      View Details
    • $1,500,000
      2.20 Acres

      Ramsey Street Commercial Land

      2.2 Acres, High-Traffic Location
      0 Ramsey St, Fayetteville, NC 28311
      View Details
    • $895,000
      3.67 Acres

      Fayetteville Commercial Land - $895K

      3.67 Acres, High-Traffic Location, Development Ready
      417 Country Clb Dr, Linden, NC 28311
      View Details
    • $399,000
      0.94 Acres

      Fayetteville Commercial Land - $399K

      0.94-acre lot, prime commercial location.
      6380 Ramsey St, Fayetteville, NC 28311
      View Details
    • $650,000
      0.69 Acres

      Prime Fayetteville Commercial Land

      0.69-acre lot, high-traffic location.
      0 Andrews Rd, Fayetteville, NC 28311
      View Details
    • $600,000
      1.00 Acre

      One Acre Commercial Land, Fayetteville, NC

      Prime Fayetteville commercial lot, high traffic area.
      3411 Murchison Rd, Fayetteville, NC 28311
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      41,921 SF

      Fayetteville Retail Center - Prime Location

      41,921 SF Vacant Retail Space; High Traffic Area
      3421 Murchison Rd, Fayetteville, NC 28311
      View Details
    • $1,100 /Mo

      Fayetteville Commercial Office Space Available

      Commercial office space featuring six rooms, two baths, and storage.
      549 Stacy Weaver Dr, Fayetteville, NC 28311
      View Details
    • $1,350 /Mo
      1,254 SF

      Kings Grant Condo For Rent

      Two-bedroom condo with community pool, near Fort Bragg.
      340 Bubble Creek Ct, Fayetteville, NC 28311
      View Details
    • $2,575 /Mo

      Retail Space in Ramsey Commons

      Retail space available in Fayetteville's Ramsey Commons shopping center.
      150 Francam Dr, Fayetteville, NC 28311
      View Details
    • $1,350 /Mo

      Kings Grant Condo For Rent

      Well-maintained 2-bedroom, 2-bath condo in Kings Grant community.
      340 Bubble Creek Ct, Fayetteville, NC 28311
      View Details
    • $25 SF/Yr
      3,705 SF

      Fayetteville Medical Office Building

      Prime Medical Office Space - High Visibility
      5397 Ramsey St, Fayetteville, NC 28311
      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.
    3611 Ramsey St
    Fayetteville, NC 28311-7647
    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.