Medical Office Condo
For Sale
Contact for pricing
1540 Purdue Dr, Fayetteville, NC 28303
Second-floor medical office condo with 11 offices, 8 exam rooms, and multiple conference and procedure spaces.
Property Size7,282 SF
Price / SF$164.10
Days on Market1254
Property Features for 1540 Purdue Dr
General Information
Standard status
Active
Size
7,282 SF
Property subtype
OFFICE
Building Details
Year Built
2003
Stories
3
Listing Agency:
Cape Fear Commercial, LLC
(910) 624-5561
Listed By:
Rudolph Singleton · License #305324
(910) 624-5561
Source:
Moodyscre
Added: Feb 23, 2023
Changed: Jul 26
Last Checked: Jul 30 at 9:45AM
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 Cape Fear Commercial, LLC
Investment Insights
Based on property information with market context.
±7,282 SF medical office condo suite located on the second floor of a 3-story professional office building known as The Summit on Purdue. Built in 2003, the space is delivered with a reception area and waiting room, along with 11 offices and 8 exam rooms. The interior build-out also includes a kitchen/break room, procedure room, 3 conference rooms, and multiple storage rooms and mechanical rooms.
The condo is configured with a modular wall system, supporting reconfiguration as needs change. The property includes ample parking and is described as having good visibility. A new roof was installed in 2026.
The suite includes four restrooms and additional support rooms to serve day-to-day medical office operations.
The condo is configured with a modular wall system, supporting reconfiguration as needs change. The property includes ample parking and is described as having good visibility. A new roof was installed in 2026.
The suite includes four restrooms and additional support rooms to serve day-to-day medical office operations.
Key Highlights
- ±7,282 SF second‑floor medical office condo in The Summit on Purdue, built in 2003 and comprising the entire 2nd floor of a 24,627 SF, 3‑story building
- Includes reception and waiting room, plus 11 offices, 8 exam rooms, procedure room, and 3 conference rooms
- Four restrooms, kitchen/break room, and 3 storage rooms with 2 mechanical rooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.6k | $20.40 |
| − Vacancy | −$29.9k | −$4.10 |
| EGI | $118.7k | $16.30 |
| − OpEx | −$29.7k | −$4.07 |
| NOI | $89.0k | $12.22 |
7,282 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,020 @ 7.0% cap · market cap 7.45%
Second Best
Healthcare Medical
$1.08M
$943.8K – $1.26M
NOI $75,500 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,712 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,045
Businesses Nearby
Well-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor medical office condo with 11 offices, 8 exam rooms, and multiple conference and procedure spaces.
Where is this medical office space located?
The property is located at 1540 Purdue Dr Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: ±7,282 SF second‑floor medical office condo in The Summit on Purdue, built in 2003 and comprising the entire 2nd floor of a 24,627 SF, 3‑story building; Includes reception and waiting room, plus 11 offices, 8 exam rooms, procedure room, and 3 conference rooms; Four restrooms, kitchen/break room, and 3 storage rooms with 2 mechanical rooms
