Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    231 Westlake Road Fayetteville, NC 28314

    View on Map
    Claim this Listing
    For Lease
    $1,950 /Mo

    COMMERCIAL - Fayetteville, NC

    Type:Office
    Added:
    Mar 19, 2026
    Days on Market:
    44
    Last Refresh:
    May 1 at 2:06 pm

    Property Features for 231 Westlake Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    0408-62-2715.003

    Taxes and HOA fees

    Tax Description
    WESTLAKE OFFICE CONDOS PH:00 SE:MS PL:C008-0185 UN:101 BU:1A

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Building materials
    Brick

    We can help!

    Listing Contact
    ROBERT BROWN

    Listing agent ROBERT BROWN License #272744

    Listing office BROWN PROPERTY GROUP 2557 RAVENHILL DRIVE SUITE 1A, FAYETTEVILLE, NC

    Listing date Mar 19, 2026

    MLS# 759193

    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 Office Suite For Rent

    This upstairs office suite is located in a desirable commercial area. Unit 201 features a lobby and reception area, three private offices, and a conference room that can be converted into two additional offices. A kitchenette and a private restroom are also included. The suite offers a layout with space and flexibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    eGenesis Realty Executives Property Management Company Pearl's Angel Care ... Physician Uplifting Society, Inc. Child Welfare Organization N3 Government Solutions Consultant Array Publishing & Marketing Advertising Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.97927
    Latitude
    35.07647

    Nearby Similar for Lease

    • $2,500/Mo

      Fayetteville Commercial Space For Lease

      Versatile commercial spaces available on Clinton Road, Fayetteville, NC.
      1516 & 1518 Clinton Road, Fayetteville, NC 28312
      View Details
    • $5,434/Mo

      Class A Office Suite

      Refined office suite in Fayetteville's established business district.
      639 Executive Place, Fayetteville, NC 28305
      View Details
    • $650/Mo

      Downtown Fayetteville Office Space

      Single-room office in historic downtown Fayetteville building for rent.
      219 Dick Street, Fayetteville, NC 28301
      View Details
    • $4,529/Mo

      Retail Space in Growing Fayetteville

      Recently constructed retail space available in a high-traffic Fayetteville location.
      9566 Cliffdale Road, Fayetteville, NC 28304
      View Details
    • $3,500/Mo

      Fayetteville Flex Space For Rent

      Flex space with offices, warehouse, and fenced yard near I-95.
      2978 Gillespie Street, Fayetteville, NC 28306
      View Details
    • $1,845/Mo

      Fayetteville Office Space For Rent

      Office space for rent, close to Cape Fear Valley Hospital.
      1653 Owen Drive, Fayetteville, NC 28304
      View Details
    • $1,750/Mo

      Downtown Fayetteville Office Space Available

      Lower-level office space in revitalizing downtown Fayetteville.
      125 Person Street, Fayetteville, NC 28301
      View Details
    • $1,100/Mo

      Fayetteville Commercial Space For Rent

      Commercial/medical/retail space in central Fayetteville location.
      211 Owen Drive, Fayetteville, NC 28304
      View Details
    • $7,500/Mo

      Fayetteville Office, Showroom, Warehouse Space

      10,000 SF office, showroom, and warehouse space for lease.
      404 Chicago Drive, Fayetteville, NC 28306
      View Details
    • $2,750/Mo

      Retail Space in Fayetteville, NC

      Prime retail space with high visibility and ample parking.
      1506 Clinton Road, Fayetteville, NC 28312
      View Details
    • $1,800/Mo

      Fayetteville Commercial Flex and Office

      Versatile commercial spaces in downtown Fayetteville, NC.
      450 W Russell Street, Fayetteville, NC 28301
      View Details
    • $6,450/Mo

      Fayetteville Flex Industrial Space

      5,100 SF flex space with laydown yard for lease.
      2988 Gillespie Street, Fayetteville, NC 28306
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile office suite with flexible layout in a desirable location.
    Where is this office units located?
    The property is located at 231 Westlake Road Fayetteville, NC.
    What is the lease rate?
    The lease rate is $1,950 /Mo.
    What are key features of this property?
    This property features: Versatile Layout: Features a lobby/reception area, three private offices, and a conference room adaptable into two additional offices.; Move‑In Ready: Well‑appointed and suitable for immediate use.; Convenient Amenities: Includes a kitchenette and private restroom.
    (910) 223-9960
    We can help!
    Listing Contact
    ROBERT BROWN
    Real Estate License ID: 272744
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    231 Westlake Road, Fayetteville, NC 28314

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!