Medical Office Condo Near
For Sale
$595,000
1756 Metromedical Dr, Fayetteville, NC 28304
4,985 SF medical office condo near Cape Fear Valley Hospital.
Property Size4,985 SF
Price / SF$119.36
Days on Market209
Property Features for 1756 Metromedical Dr
General Information
Standard status
Active
Size
4,985 SF
Listing Agency:
COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
(910) 483-5353
Listed By:
WILLIAM HEDGEPETH · License #92878
(910) 890-0225
Source:
Exprealty
Added: Mar 12
Changed: Sep 23
Last Checked: Oct 5 at 9:35PM
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 COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Investment Insights
Based on property information with market context.
The property at 1756 Metromedical Drive, Fayetteville, NC 28304 is a 4,985 sq ft, 2-story medical office condo. It is located near Cape Fear Valley Hospital and the new Methodist University Medical School, which is opening this fall. The property is also conveniently located across from Fayetteville Ambulatory Surgery Center and behind Valley Regional Imaging. The surrounding area is experiencing growth around the hospital and the new medical school, which may lead to increased property values. This property is suitable for a physician’s clinic or any related health field business such as medical billing. The condo includes several exam rooms, offices, and a large reception area. Adequate parking is available. The exterior was refurbished last fall. The current tenant is a physician on a month-to-month lease and will vacate for a smaller office upon sale of the condo. The buyer is welcome to discuss extending the lease with the current tenant.
Key Highlights
- Located 1‑2 minutes from Cape Fear Valley Hospital and the new Methodist University Medical School.
- 4,985 sq ft, 2‑story medical office condo.
- Ideal for physician's clinic or related health field business.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,684
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,680
$1.0M
Cap Rate 7%
$738,343
$738.3K
Cap Rate 9%
$574,267
$574.3K
Market Conditions
NOI Build-Up for 4,985 SF
Gross rent
$95.7K $19.20/SF
− Vacancy
−$9.6K −$1.92/SF
EGI
$86.1K $17.28/SF
− OpEx
−$34.5K −$6.91/SF
NOI
$51.7K $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 Rate 5%
$1,033,680
Cap Rate 7%
$738,343
Cap Rate 9%
$574,267
Alternative Uses
Best Use
Office B
$870.6K
$761.8K – $1.02M
NOI $60,940 @ 7.0% cap · market cap 10.24%
Second Best
Healthcare Medical
$738.3K
$646.1K – $861.4K
NOI $51,684 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$1.09M
$955.9K – $1.27M
NOI $76,474 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 4,985 SF medical office condo near Cape Fear Valley Hospital.
Where is this medical office space located?
The property is located at 1756 Metromedical Dr Fayetteville, NC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Located 1‑2 minutes from Cape Fear Valley Hospital and the new Methodist University Medical School.; 4,985 sq ft, 2‑story medical office condo.; Ideal for physician's clinic or related health field business.
