Medical Office Condo with Exam
For Sale
$619,000
1756 Metro Medical Drive, Fayetteville, NC 28304
SINGLE_FAMILY - Fayetteville, NC
Property Size5,000 SF
Price / SF$123.80
Days on Market154
Property Features for 1756 Metro Medical Drive
General Information
Property type
Residential
Property subtype
Office
Zoning description
P2 - Professional District
Subdivision
VILLAGE DR
Lot features
Less Than Quarter Acre
Directions
Headed towards hospital on Village Drive, turn right on Metro Medical, building is on the left.
Standard status
Active
APN
0426-16-1736
Taxes and HOA fees
Tax Description
Unit 7 Metro Comndominiums, Condo Pklat Book 2 Page 45
Legal Description
Unit 7 Metro Comndominiums, Condo Pklat Book 2 Page 45
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Building materials
WoodFrame
Listing Agency:
COLDWELL BANKER ADVANTAGE - FAYETTEVILLE · Coldwell Banker Real Estate
(910) 483-5353
Listed By:
WILLIAM HEDGEPETH · License #92878
(910) 890-0225
Added: Mar 12
Changed: Aug 7
Last Checked: Aug 12 at 9:06AM
MLS# 758698
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 medical office condominium offers almost 5,000 SF arranged for clinical and administrative use. The interior includes multiple exam rooms, offices, two reception areas with window counters, and a waiting room. Wood-frame construction and an established medical-office configuration provide a defined starting point for an owner-user or healthcare operation.
The property is located on Metro Medical Drive in Fayetteville, directly across from Fayetteville Ambulatory Surgery Center and behind Valley Regional Imaging. The setting is also described as convenient to a hospital and medical school. Public water and public sewer serve the property.
The property is located on Metro Medical Drive in Fayetteville, directly across from Fayetteville Ambulatory Surgery Center and behind Valley Regional Imaging. The setting is also described as convenient to a hospital and medical school. Public water and public sewer serve the property.
Key Highlights
- Almost 5,000 SF medical office condo
- Multiple exam rooms and offices throughout the space
- Two reception areas with window counters and a waiting room
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
$51,840
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
8.37%
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%
$1,036,800
$1.0M
Cap Rate 7%
$740,571
$740.6K
Cap Rate 9%
$576,000
$576.0K
Market Conditions
NOI Build-Up for 5,000 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
$96.0K $19.20/SF
− Vacancy
−$9.6K −$1.92/SF
EGI
$86.4K $17.28/SF
− OpEx
−$34.6K −$6.91/SF
NOI
$51.8K $10.37/SF
Area
Fayetteville, NC
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
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%
$1,036,800
Cap Rate 7%
$740,571
Cap Rate 9%
$576,000
Alternative Uses
Best Use
Office B
$873.2K
$764.1K – $1.02M
NOI $61,124 @ 7.0% cap · market cap 9.87%
Second Best
Healthcare Medical
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$1.10M
$958.8K – $1.28M
NOI $76,704 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,742
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28304, NC
37,120
Population
16,424
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
2,133
Density / Sq Mi
$57,867
Median Household Income
$35,907
Median Earnings
$1,218
Median Rent
$154,300
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 - Multiple exam rooms, private offices, reception areas, and a waiting room create a functional clinical layout.
Where is this medical office space located?
The property is located at 1756 Metro Medical Drive Fayetteville, NC.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Almost 5,000 SF medical office condo; Multiple exam rooms and offices throughout the space; Two reception areas with window counters and a waiting room
