Second-Floor Medical Office
For Sale
$1,095,000
1540 Purdue Drive, Fayetteville, NC 28303
CommercialSale, Fayetteville, NC
Property Size24,627 SF
Price / SF$150.37
Days on Market880
Property Features for 1540 Purdue Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
OI - Office And Institutional
Subdivision
GLENDALE AC
Standard status
Active
APN
0427-20-6631
Taxes and HOA fees
Tax Description
unit 3 phase 1 of the Summit on Purdue
Legal Description
unit 3 phase 1 of the Summit on Purdue
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Building materials
Brick
Listing Agency:
CAPE FEAR COMMERCIAL
(910) 344-1002
Listed By:
RUDOLPH "LEE" SINGLETON · License #305324
(910) 624-5561
Added: Jun 3, 2024
Changed: Oct 12
Last Checked: Oct 30 at 9:06AM
MLS# 727942
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.
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Investment Insights
Based on property information with market context.
This 7,282 SF medical office condominium occupies the full second floor of The Summit on Purdue, a 3-story professional office building completed in 2003. The layout includes a reception area, waiting room, 11 offices, 8 exam rooms, 3 conference rooms, a procedure room, kitchen/break room, 4 restrooms, 3 storage rooms, and 2 mechanical rooms. Modular wall construction supports future reconfiguration of the interior.
The property is located at 1540 Purdue Drive in Fayetteville, North Carolina. Brick construction, public water, and public sewer serve the building. The unit is scheduled for delivery vacant except for a short-term lease covering a small portion of the condominium.
The property is located at 1540 Purdue Drive in Fayetteville, North Carolina. Brick construction, public water, and public sewer serve the building. The unit is scheduled for delivery vacant except for a short-term lease covering a small portion of the condominium.
Key Highlights
- 7,282 SF medical office condominium on the entire second floor
- Built in 2003 within a 3‑story, 24,627 SF professional office building
- 11 offices and 8 exam rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,020
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,400
$1.8M
Cap Rate 7%
$1,271,714
$1.3M
Cap Rate 9%
$989,111
$989.1K
Market Conditions
NOI Build-Up for 7,282 SF
Gross rent
$148.6K $20.40/SF
− Vacancy
−$29.9K −$4.10/SF
EGI
$118.7K $16.30/SF
− OpEx
−$29.7K −$4.07/SF
NOI
$89.0K $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 Rate 5%
$1,780,400
Cap Rate 7%
$1,271,714
Cap Rate 9%
$989,111
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,020 @ 7.0% cap · market cap 8.13%
Second Best
Healthcare Medical
$1.08M
$943.8K – $1.26M
NOI $75,500 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,712 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,676
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- Josh Barkman DVM — 981 S McPherson Church Rd, Fayetteville, NC 28303
- Highland Animal Hospital: Bostic Berry DVM — 981 S McPherson Church Rd, Fayetteville, NC 28303
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured medical office space features adaptable modular walls and a broad mix of clinical and administrative areas.
Where is this medical office space located?
The property is located at 1540 Purdue Drive Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 7,282 SF medical office condominium on the entire second floor; Built in 2003 within a 3‑story, 24,627 SF professional office building; 11 offices and 8 exam rooms
