Property profile & analytics
403 Gillespie St Fayetteville, NC 28301
- Retail residential properties
- 4,366 SF
- 0.73 lot acres
For Lease
View listing
$2,200 /Mo
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US53-4722020
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
- Retail residential properties
Property Details for 403 Gillespie St
- Year built
- 2016
- Lot size
- 0.73 lot acres
- Property size
- 4,366 SF
- Zone code
- LC
- Property type
- Retail residential properties
- APN
- 0437-51-8663
- APU
- 437518663
Description
This exceptional commercial leasing opportunity in downtown Fayetteville, NC, presents a 4,410 square foot, three-bay strip center ideally located less than half a mile from the Cumberland County Courthouse. The property, built in 2018, sits on a 0.73-acre lot and is zoned CC/LC. Four individual suites are available, each approximately 1,470 square feet (minimum divisible space), or the entire 4,410 square feet can be leased contiguously. Units are delivered as vanilla shell spaces, offering flexibility for tenant build-out. The strategic location near City Hall, the Chamber of Commerce, Cumberland County Jail, Sheriff's Office, and Courthouse makes it perfect for businesses such as legal practices, accounting firms, and government-related services. Excellent access to major roadways including MLK Highway, US-301, Morganton Road, Raeford Road, Bragg Boulevard, and Ramsey Street, ensures high visibility and convenient access. The property's proximity to the Cross Creek Mall district further enhances its appeal. This prime location offers significant potential for businesses seeking high traffic and visibility in a thriving downtown area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $865,000
- 6.5%
- $800,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $583,000
Market price range: $146k - $584k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $735,000
- AUTO REPAIR, GARAGE
- $730,000
- NEIGHBORHOOD: SHOPPING CENTER
- $575,000
- OFFICE BUILDING
- $575,000
- RETAIL STORES
- $530,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8802
- Latitude
- 35.0459
- 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
$4,051
$101,322
$288,435
$389,757
-
$101,322
$288,435
$389,757
