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    Property profile & analytics

    6605 Raeford Rd Fayetteville, NC 28304-2720

    • Grocery and convenience stores
    • 5,249 SF
    • 2.89 lot acres
    OFF-MARKET
    Value Estimations
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2002355
    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

    • Circle K / Grocery & Convenience Store
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Bitcoin Depot | Bitcoin ATM / Crypto Atm / Atm
    • ATM (Kangaroo Express) / Atm
    • Bitcoin Depot ATM / Atm

    Property Details for 6605 Raeford Rd

    Year built
    2017
    Lot size
    2.89 lot acres
    Property size
    5,249 SF
    Zone code
    LC
    Property type
    Grocery and convenience stores
    APN
    0406-09-6372
    APU
    406096372

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,265,000
      6.5%
      $1,165,000
      7%
      $1,085,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $817,000
      Market price range: $496k - $817k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,105,000
      MEDICAL BUILDING
      $885,000
      AUTO REPAIR, GARAGE
      $880,000
      OFFICE BUILDING
      $755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9981
    Latitude
    35.0393
    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
    $19,749
    $430,412
    $913,056
    $1,343,468
    -
    $430,412
    $913,056
    $1,343,468

    Comparable in this City

    • Value Estimation
      $1,175,000
      5,034 SF

      2494 Hope Mls Rd

      CONVENIENCE STORE • 5,034 SF
      2494 Hope Mls Rd, Fayetteville, NC 28304-4261
      View Details
    • Value Estimation
      $2,645,000
      2,387 SF

      3706 Raeford Rd

      CONVENIENCE STORE • 2,387 SF
      3706 Raeford Rd, Fayetteville, NC 28304-3352
      View Details
    • Value Estimation by Request
      2,480 SF

      1300 Hope Mls Rd

      CONVENIENCE STORE • 2,480 SF
      1300 Hope Mls Rd, Fayetteville, NC 28304-4217
      View Details
    • Value Estimation by Request
      2,016 SF

      5001 Raeford Rd

      CONVENIENCE STORE • 2,016 SF
      5001 Raeford Rd, Fayetteville, NC 28304-3143
      View Details
    • Value Estimation by Request
      2,135 SF

      7093 Raeford Rd

      CONVENIENCE STORE • 2,135 SF
      7093 Raeford Rd, Fayetteville, NC 28304-2634
      View Details
    • Value Estimation by Request
      2,520 SF

      108 Roxie Ave

      CONVENIENCE STORE • 2,520 SF
      108 Roxie Ave, Fayetteville, NC 28304-2122
      View Details

    Similar Nearby for Sale

    • $400,000
      Pending

      Renovated Retail Space on Raeford

      Recently renovated retail space with frontage on Raeford Road.
      5318 Raeford Rd, Fayetteville, NC 28304
      View Details
    • $499,900

      Freestanding Retail Building on Raeford

      4,017 SF retail building with high visibility on 0.35 acres.
      6527 Raeford Rd, Fayetteville, NC 28304
      View Details
    • Contact for pricing
      4,017 SF

      Retail Space For Sale

      Retail space available for purchase.
      6527 Raeford Rd, Fayetteville, NC 28304
      View Details
    • Contact for pricing
      4,000 SF

      Freestanding Fayetteville Clinic on One Acre

      4,000 SF clinic on 1 acre in Fayetteville.
      7780 S Raeford Rd, Fayetteville, NC 28304
      View Details
    • $699,000

      Commercial Site on Hard Corner

      Commercial site with drive-thru potential, ready for development.
      5103 Raeford Rd, Fayetteville, NC 28304
      View Details
    • $2,900,000
      10.00 Acres

      Fayetteville Land Opportunity

      Nearly 11 acres of commercial and residential parcels available.
      7604 Raeford Rd, Fayetteville, NC 28304
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      High-Traffic Corner Retail Opportunity

      Premier retail space with high visibility in Fayetteville, NC.
      4101 Raeford Rd, Fayetteville, NC 28304
      View Details
    • $2,100 /Mo

      Retail Space Near Cape Fear

      Vacant retail space near Cape Fear Valley Hospital.
      1400 N Walter Reed Rd, Fayetteville, NC 28304
      View Details
    • Contact for pricing

      Commercial Site on Hope Mills

      2.79 acre commercial site available for ground lease.
      2411 Hope Mills Rd, Fayetteville, NC 28304
      View Details
    • Contact for pricing

      Retail Space in Fayetteville Center

      Recently constructed retail space in a busy Fayetteville shopping center.
      9566 Cliffdale Rd, Fayetteville, NC 28304
      View Details
    • $1,100 /Mo
      1,075 SF

      Fayetteville Commercial Space For Rent

      Commercial/medical/retail space in central Fayetteville location.
      211 Owen Dr, Fayetteville, NC 28304
      View Details
    • Contact for pricing

      Retail Space in Fayetteville, NC

      High-visibility retail spaces available at Raeford and Bunce Rd.
      6337 Raeford Rd, Fayetteville, NC 28304
      View Details
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    Fayetteville, NC 28304-2720
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    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
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