Two-Story Office
New
For Sale
$2,310,000
208 Hay St, Fayetteville, NC 28301
A flexible floor plan and coded suite access support a range of office configurations.
Property Size16,500 SF
Price / SF$140
Days on Market2
Property Features for 208 Hay St
General Information
Standard status
Active
Size
16,500 SF
Class
A
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Office
Building Details
Building Size
16,500 SF
Year Built
1900
Year Renovated
2018
Stories
2
Tenancy
Multi
Listing Agency:
Grant-Murray Real Estate
Listed By:
Corey Croegaert · License #NC #327556
(910) 987-2579
Source:
Grantmurrayre
Added: Nov 1
Last Checked: Nov 1 at 3:14PM
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 Grant-Murray Real Estate
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Investment Insights
Based on property information with market context.
This two-story office building contains more than 16,500 square feet and features an open layout that can be divided into separate suites. Each office or suite has access-code entry, offering controlled access across the property. The building was renovated in 2018, including replacement of the roof, and has 20-foot ceilings.
Key Highlights
- More than 16,500 square feet of office space
- Two‑story building with 20‑foot ceilings
- Open floor plan that can be divided into separate suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,708
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,034,160
$4.0M
Cap Rate 7%
$2,881,543
$2.9M
Cap Rate 9%
$2,241,200
$2.2M
Market Conditions
NOI Build-Up for 16,500 SF
Gross rent
$336.6K $20.40/SF
− Vacancy
−$67.7K −$4.10/SF
EGI
$268.9K $16.30/SF
− OpEx
−$67.2K −$4.07/SF
NOI
$201.7K $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%
$4,034,160
Cap Rate 7%
$2,881,543
Cap Rate 9%
$2,241,200
Alternative Uses
Best Use
Office B
$2.88M
$2.52M – $3.36M
NOI $201,708 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.16M – $4.22M
NOI $253,123 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,974
Businesses Nearby
Explore this area
Business Placement
Demographics for 28301, NC
17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A flexible floor plan and coded suite access support a range of office configurations.
Where is this office building located?
The property is located at 208 Hay St Fayetteville, NC.
What is the asking price?
The asking price for this property is $2,310,000.
What are key features of this property?
This property features: More than 16,500 square feet of office space; Two‑story building with 20‑foot ceilings; Open floor plan that can be divided into separate suites
