Medical Office Condo For
For Sale
$1,295,000
1540 Purdue Drive, Fayetteville, NC 28303
SINGLE_FAMILY - Fayetteville, NC
Property Size7,282 SF
Price / SF$177.84
Days on Market788
Property Features for 1540 Purdue Drive
General Information
Property type
Residential
Property subtype
Office
Zoning description
OI - Office And Institutional
Subdivision
GLENDALE AC
Standard status
Active
APN
0427-20-6631
Size
7,282 SF
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: Apr 27
Last Checked: Jul 30 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Located on Purdue Drive in Fayetteville, North Carolina, this +/- 7,282 SF medical office condo is available for sale. Constructed in 2003, the property occupies the entire 2nd floor of The Summit on Purdue, a 3-story professional office building with a total area of 24,627 SF. The condo features ample parking and good visibility. The interior includes a reception area, a waiting room, 11 offices, 8 exam rooms, a kitchen/break room, 4 restrooms, 3 conference rooms, a procedure room, 3 storage rooms, and 2 mechanical rooms. The space is built out with a modular wall system, allowing for easy reconfiguration. The unit will be delivered vacant, except for a small portion subject to a short-term lease.
Key Highlights
- Large 7,282 SF medical office condo
- Located in The Summit on Purdue, a professional office building with ample parking and good visibility
- Built‑out with 11 offices and 8 exam rooms, also features multiple conference/procedure/storage 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 6.87%
Second Best
Healthcare Medical
$1.08M
$943.8K – $1.26M
NOI $75,500 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,712 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 7,282 SF medical office condo in Fayetteville, North Carolina.
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 $1,295,000.
What are key features of this property?
This property features: Large 7,282 SF medical office condo; Located in The Summit on Purdue, a professional office building with ample parking and good visibility; Built‑out with 11 offices and 8 exam rooms, also features multiple conference/procedure/storage rooms
