3725 Ramsey StFayetteville, NC 28311

  • Other commercial real estate
  • 126,609 SF
For Sale
$17,945,000 View listing

Property Details for 3725 Ramsey St

Year built
1988
Lot size
11.99 AC
Property size (Sq ft)
126,609 SF
Zone code
CC
Property type
Other commercial real estate
APN
0439-55-4489
APU
439554489

Description

This exceptional investment opportunity presents Northgate Shopping Center, a 241,668 square foot multi-tenant retail center located at 3725 Ramsey St, Fayetteville, NC 28311. Boasting a 7.75% cap rate and a strong NOI of $1,390,703, this property offers significant value. The center is currently 85.67% occupied by a diverse mix of national and regional tenants including Wells Fargo Bank, Subway, Ollie's Bargain Outlet, Ross, Rent-A-Center, UPS, and Papa John's. Built in 1989 and renovated in 2012, the property sits on a 29.41-acre lot and benefits from its prime location on high-traffic Ramsey Street (44,090 vehicles per day), just two miles from Interstate 295 and near Interstate 95. Its strategic adjacency to a top-performing Lowe's Home Improvement and proximity to a Walmart Supercenter further enhances its visibility and accessibility. The property's success is underscored by 2.3 million visits in the last 12 months. The surrounding area boasts a substantial population base, with 243,894 people residing within a 10-mile radius, fueled by the significant economic impact of Fort Liberty (formerly Fort Bragg), contributing $8.1 billion annually to the Fayetteville region and $66 billion to the state. The asking price is $17,945,000, translating to a price per square foot of $74.25. Desirable outparcel tenants, including Advanced Auto Parts and Hobby Town, complement the main center. Additional outparcels not included in the sale are occupied by McDonald's, Cookout, Weiner Works, and Firestone Tires. This property represents a compelling acquisition opportunity in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $35,783,636
    Hospitality
    $32,777,618
    Educational
    $27,270,594
    Medical
    $28,208,472
    Retail
    $42,420,924
3725 Ramsey St, Fayetteville, North Carolina

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.1113
Longitude
-78.8815
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
$66,262
$1,308,316
$5,906,818
$7,215,134
-
$1,308,316
$5,906,818
$7,215,134

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