Office Units with On-Site
New
For Sale
$295,000
581 N Reilly Road, Fayetteville, NC 28303
CommercialSale, Fayetteville, NC
Property Size1,127 SF
Lot Size0.53 Acres
Price / SF$261.76
Days on Market4
Property Features for 581 N Reilly Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
LC - Limited Commercial
Subdivision
LAGRANGE
Standard status
Active
APN
9499-60-5156.000
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
LAGRANGE LO15 SE01 BLC PL0027-0010
Legal Description
LAGRANGE LO15 SE01 BLC PL0027-0010
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Water source
Public
Building Details
Year built
1964
Building materials
BrickVeneer, Frame
Listing Agency:
BHHS ALL AMERICAN HOMES #2 · Prudential Real Estate
(910) 868-1976
Listed By:
GRISEL LOPEZ-MCGURTY · License #191614
(910) 340-9939
Added: Aug 21
Changed: Aug 23
Last Checked: Aug 24 at 8:06AM
MLS# 767714
Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes an approximately 1,127-square-foot structure on approximately 0.53 acres. The interior is divided into multiple rooms that support varied office configurations. Building improvements include a metal roof, HVAC, updated flooring, selected newer light fixtures, replacement windows, a sliding glass door, crawl-space encapsulation, and a rear concrete patio. An expanded concrete driveway and parking area provide on-site parking.
The property fronts N Reilly Road, also identified as SR 1403, and is positioned near Fort Bragg. It is currently zoned LC, or Limited Commercial. Public water and public sewer serve the property. The 1964 building uses brick veneer and frame construction and is heated by a heat pump.
The property fronts N Reilly Road, also identified as SR 1403, and is positioned near Fort Bragg. It is currently zoned LC, or Limited Commercial. Public water and public sewer serve the property. The 1964 building uses brick veneer and frame construction and is heated by a heat pump.
Key Highlights
- Approximately 1,127‑square‑foot office structure on approximately 0.53 acres
- Frontage along N Reilly Road, also designated SR 1403
- LC - Limited Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,777
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,540
$275.5K
Cap Rate 7%
$196,814
$196.8K
Cap Rate 9%
$153,078
$153.1K
Market Conditions
NOI Build-Up for 1,127 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.0K $20.40/SF
− Vacancy
−$4.6K −$4.10/SF
EGI
$18.4K $16.30/SF
− OpEx
−$4.6K −$4.07/SF
NOI
$13.8K $12.22/SF
Area
Fayetteville, NC
Vacancy
20.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,540
Cap Rate 7%
$196,814
Cap Rate 9%
$153,078
Alternative Uses
Best Use
Office B
$196.8K
$172.2K – $229.6K
NOI $13,777 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$247.0K
$216.1K – $288.2K
NOI $17,289 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - LC-zoned office property with multiple rooms, updated building components, and public water and sewer service.
Where is this office units located?
The property is located at 581 N Reilly Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 1,127‑square‑foot office structure on approximately 0.53 acres; Frontage along N Reilly Road, also designated SR 1403; LC - Limited Commercial zoning
