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Property profile

429 Gillespie St Fayetteville, NC 28301

FOR SALE
Office buildings
Property ID
US53-1221627
1,935 SF 0.19 ac lot Built 1929
Last sale Feb 2017 · $50,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This unique commercial property located at 429 Gillespie Street in Fayetteville, North Carolina, presents a compelling investment opportunity. The property encompasses a substantial 2,063 square feet of space situated on a 0.19-acre lot, offering significant potential for a variety of commercial uses. Its versatile nature allows for adaptation to suit diverse business needs. The asking price is $2,000, making it an attractive proposition for entrepreneurs and investors seeking a foothold in…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$148k
Assessed land$31k
Assessed improvement$118k
Effective rate1.63%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$2k
Operating expenses−$14k
NOI · 9.12% cap applied$17k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$132/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$47 – $189
Qualifying comparables5

Cap rate analysis

How does the asset earn?
9.12%
$17k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OI
Residential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Ba...
General categoryCIVIC_INSTITUTIONAL
JurisdictionCUMBERLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.0
Laundry Service8.9
Dental Office8.8

Location

429 Gillespie St Fayetteville, NC 28301
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
127 Cool Spg, Fayetteville, NC 28301-5723 $100,000 Apr 2025 1,924 SF
120 Gillespie, Fayetteville, NC 28301-5644 $52,000 Apr 2025 2,106 SF
105 Preston, Fayetteville, NC 28301-3455 $42,500 Oct 2023 2,412 SF
1500 Bragg, Fayetteville, NC 28301-4889 $285,000 May 2023 1,944 SF
216 Mason, Fayetteville, NC 28301-5047 $295,000 Jul 2022 1,758 SF
438 Robeson, Fayetteville, NC 28301-5636 $89,500 Apr 2022 2,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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