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    211 Owen Drive Fayetteville, NC 28304

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    Claim this Listing
    For Lease
    $1,100/Mo $12 SF/Yr (calc)

    COMMERCIAL - Fayetteville, NC

    Type:Office
    Property size:
    1,075 SF
    Lot size:
    0.26 Acres
    Added:
    Feb 20, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 27 at 10:06 pm

    Property Features for 211 Owen Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot, Paved or Surfaced, Off Street
    Standard status
    Active
    APN
    0417-90-7196.000
    Size
    1,075 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Description
    OWEN VILLAGE LOLOT 32 SE01 PL0015-0035

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Water source
    Public

    Building Details

    Year built
    1954
    Building materials
    CompositeSiding
    Roof type
    Composition, Asphalt, Shingle

    We can help!

    Listing Contact
    JANE KENNEDY

    Listing agent JANE KENNEDY License #158308

    Listing office KENNEDY REALTORS INC. 3709 RAEFORD ROAD, NC

    Listing date Feb 20, 2026

    MLS# 757714

    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.

    Overview

    Fayetteville Commercial Space For Rent

    This one-story commercial building, situated in a central Fayetteville location across from Fit for Life and 316 Oyster Bar on Owen Drive, offers approximately 1075 square feet of space suitable for commercial, medical office, or retail use. The building features three separate offices, a large reception area, a break room, and a half bathroom. A large parking area is available in the rear of the property, and a handicapped ramp is in place for accessibility. Recent upgrades include new interior paint and a newer HVAC system. The lot size is 0.26 acres. The tenant is responsible for all repairs other than the roof and exterior walls, as well as all utilities. The lease must be signed within 2 weeks of approval with a hold deposit paid upon approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baker Hearing Center Physician A&M Youth Cultivation ... Child Welfare Organization

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Highland Animal Hospital — 981 S McPherson Church Rd, Fayetteville, NC 28303
    • Academy Pet Hospital — 200 Owen Dr, Fayetteville, NC 28304
    • Valley Veterinary Hospital — 980 S Old McPherson Church Rd, Fayetteville, NC 28303
    • Josh Barkman DVM — 981 S McPherson Church Rd, Fayetteville, NC 28303
    • Bostic Clifford N DVM — 3602 raeford rd, fayetteville, nc 28304

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.933848
    Latitude
    35.041831

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    FAQs

    What type of property is this?
    Medical Office Space - Commercial/medical/retail space in central Fayetteville location.
    Where is this medical office space located?
    The property is located at 211 Owen Drive Fayetteville, NC.
    What is the lease rate?
    The lease rate is $1,100 /Mo.
    What are key features of this property?
    This property features: Prime central location across from Fit for Life and 316 Oyster Bar on Owen Drive; Versatile one‑story building with 3 separate offices, a large reception area, break room, and 1/2 bathroom.; Ample parking space available in the rear of the building
    (910) 977-2263
    We can help!
    Listing Contact
    JANE KENNEDY
    Real Estate License ID: 158308
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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