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

    524 Eastern Blvd Fayetteville, NC 28301-6375

    • Auto shops
    • 3,300 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1872301
    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

    • oohwees / Event Venue
    • U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service

    Property Details for 524 Eastern Blvd

    Year built
    1970
    Lot size
    0.19 lot acres
    Property size
    3,300 SF
    Zone code
    HI
    Property type
    Auto shops
    APN
    0436-98-5844
    APU
    436985844

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $403,000
      Market price range: $196k - $1.00M
      AI Estimate
      $201,000
      Market price range: $143k - $389k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8679
    Latitude
    35.0382
    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
    2023
    $1,866
    $3,284
    $109,203
    $112,487
    -
    $3,284
    $109,203
    $112,487

    Comparable in this City

    • Value Estimation
      $250,000
      1,848 SF

      1032 Old Wilmington Rd

      AUTO REPAIR, GARAGE • 1,848 SF
      1032 Old Wilmington Rd, Fayetteville, NC 28301-6360
      View Details
    • Value Estimation
      $275,000
      1,800 SF

      327 Alexander St

      AUTO REPAIR, GARAGE • 1,800 SF
      327 Alexander St, Fayetteville, NC 28301-5752
      View Details
    • Value Estimation
      $140,000
      2,325 SF

      720 Bragg Blvd

      AUTO REPAIR, GARAGE • 2,325 SF
      720 Bragg Blvd, Fayetteville, NC 28301-4814
      View Details
    • Value Estimation
      $205,000
      2,856 SF

      516 Ramsey St

      AUTO REPAIR, GARAGE • 2,856 SF
      516 Ramsey St, Fayetteville, NC 28301-4912
      View Details
    • Value Estimation
      $285,000
      6,055 SF

      325 Cumberland St

      AUTO REPAIR, GARAGE • 6,055 SF
      325 Cumberland St, Fayetteville, NC 28301-4666
      View Details
    • Value Estimation
      $305,000
      12,000 SF

      449 Lamon St

      AUTO REPAIR, GARAGE • 12,000 SF
      449 Lamon St, Fayetteville, NC 28301
      View Details

    Similar Nearby for Sale

    • $299,000
      1,242 SF

      Fayetteville Retail Space - $299K

      Prime East Fayetteville location, 1242 sq ft.
      227 Eastern Blvd, Fayetteville, NC 28301
      View Details
    • $425,000
      3,020 SF

      Fayetteville Storefront Investment

      Prime Retail Location, High Visibility
      1917 Ramsey St, Fayetteville, NC 28301
      View Details
    • $1,300,000

      Fayetteville Retail/Office Strip For Sale

      Newer construction retail/office strip in Fayetteville's commercial corridor.
      403 407, Fayetteville, NC 28301
      View Details
    • New
      $925,000
      0.18 Acres

      Historic Downtown Fayetteville Two-Story Building

      Two-story building in historic downtown Fayetteville, suitable for office or retail.
      127 Hay St, Fayetteville, NC 28301
      View Details
    • New
      $95,000

      Downtown Fayetteville Commercial Building Opportunity

      Commercial building in Fayetteville's Historic District, ideal for retail/office.
      121 Anderson St, Fayetteville, NC 28301
      View Details
    • Contact for pricing

      Corner Lot Near Fort Liberty

      Signalized corner lot near Fort Liberty with high traffic volume.
      Fayetteville, NC 28301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,712 SF

      Downtown Fayetteville Auto Shop Space

      4,712 SF auto shop in Fayetteville's downtown district.
      317 Union St, Fayetteville, NC 28301
      View Details
    • $12 SF/Yr
      31,750 SF

      Fayetteville Executive Office Space

      Downtown Fayetteville office, 8,281 SF available.
      150 Rowan St, Fayetteville, NC 28301
      View Details
    • $2,200 /Mo

      Retail/Office Space in Fayetteville, NC

      Prime retail/office space in downtown Fayetteville, NC.
      403 Gillespie St, Fayetteville, NC 28301
      View Details
    • Contact for pricing
      12,516 SF

      Fayetteville Retail Spaces Available

      North Fayetteville retail spaces, 1,500-6,500 sq ft.
      106 Jasper St, Fayetteville, NC 28301
      View Details
    • $12 SF/Yr
      11,700 SF

      Downtown Fayetteville Retail Space

      11,700 SF Retail Building, High Visibility
      301 Robeson St, Fayetteville, NC 28301
      View Details
    • $12 SF/Yr
      115,842 SF

      Cape Fear Plaza Retail Space

      Prime Fayetteville Retail, 2 Spaces Available
      342 Eastern Blvd, Fayetteville, NC 28301
      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.
    524 Eastern Blvd
    Fayetteville, NC 28301-6375
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.