Former Bank Office
For Sale
$3,300,000
200 Green St, Fayetteville, NC 28301
Former flagship bank building with drive-through lanes, two vaults, private elevator access, and an attached parking lot.
Property Size21,378 SF
Lot Size0.99 Acres
Price / SF$154.36
Days on Market49
Property Features for 200 Green St
General Information
Standard status
Active
Size
21,378 SF
Total Parking Spaces
58
Lot size
0.99 Acres
Property subtype
Office
Zoning
DT1
Amenities
private elevator access
covered balcony
conference room
kitchenette
vaults
drive-through lanes with canopy
secure storage
Building Details
Year Built
1978
Stories
3
Listing Agency:
(910) 861-0449
Listed By:
Patrick Murray, CCIM, SIOR · License #NC #231098
(910) 861-0449
Source:
Grantmurrayre
Added: Jun 25
Changed: Jul 23
Last Checked: Aug 11 at 5:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patrick Murray, CCIM, SIOR
Investment Insights
Based on property information with market context.
200 Green Street is a former flagship bank building offering more than 21,000 square feet across three expansive, secure levels. The property includes two vaults—one on the main level and a second on the lower level—plus three drive-through lanes with a canopy. Interior features include a dramatic open banking hall with teller stations, numerous private offices, and a covered balcony. A private elevator provides access across all floors, with the second level offering a conference room, executive offices, and a kitchenette, while the lower level includes additional office space, secure storage, and mechanical rooms.
The building sits on a 0.99-acre DT1-zoned parcel with an attached surface lot providing 58 on-site parking spaces.
The building sits on a 0.99-acre DT1-zoned parcel with an attached surface lot providing 58 on-site parking spaces.
Key Highlights
- 21,378 SF former bank building across three secure levels
- Three drive‑through lanes with canopy
- Two vaults, including one on the ground level and a second on the lower level
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
$261,340
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
7.92%
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%
$5,226,800
$5.2M
Cap Rate 7%
$3,733,429
$3.7M
Cap Rate 9%
$2,903,778
$2.9M
Market Conditions
NOI Build-Up for 21,378 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
$436.1K $20.40/SF
− Vacancy
−$87.7K −$4.10/SF
EGI
$348.5K $16.30/SF
− OpEx
−$87.1K −$4.07/SF
NOI
$261.3K $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%
$5,226,800
Cap Rate 7%
$3,733,429
Cap Rate 9%
$2,903,778
Alternative Uses
Best Use
Specialty Retail
$4.41M
$3.86M – $5.15M
NOI $308,767 @ 7.0% cap · market cap 9.36%
Second Best
Office B
$3.73M
$3.27M – $4.36M
NOI $261,340 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $327,956 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
Explore this area
Business Placement
Demographics for 28301, NC
17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Former flagship bank building with drive-through lanes, two vaults, private elevator access, and an attached parking lot.
Where is this office building located?
The property is located at 200 Green St Fayetteville, NC.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 21,378 SF former bank building across three secure levels; Three drive‑through lanes with canopy; Two vaults, including one on the ground level and a second on the lower level
