Two-Story Office
2577 Ravenhill Drive Fayetteville, NC 28303
New
For Sale
$825,000
Built in 1995, the two-story office includes private and shared offices, reception, kitchen, and 16 dedicated parking spaces.
Property Size4,136 SF
Price / SF$199.47
Days on Market5
Property Features for 2577 Ravenhill Drive
General Information
- Standard status
- Active
- Size
- 4,136 SF
Listing Agency:
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 818-8400
Listed By:
FRANKLIN JOHNSON · License #146789
(910) 818-8400
Source:
Exprealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 7:15AM
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 FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This two-story office building was built in 1995 and offers approximately 4,136 square feet of functional, versatile space. The interior layout includes 15 private offices, 2 shared offices, a welcoming reception and waiting area, a kitchen, and 3 bathrooms. Additional features include a copy room, 2 storage closets, and 16 dedicated parking spaces.
The property is located in Fayetteville just off Raeford Road. NCDOT 2024 estimates approximately 29,500 vehicles per day on Raeford Road, and the building offers convenient access to Martin Luther King Jr. Freeway, All American Freeway, and Business 95.
The space is positioned near restaurants, retail, and Harris Teeter, supporting day-to-day convenience for employees and visitors.
The property is located in Fayetteville just off Raeford Road. NCDOT 2024 estimates approximately 29,500 vehicles per day on Raeford Road, and the building offers convenient access to Martin Luther King Jr. Freeway, All American Freeway, and Business 95.
The space is positioned near restaurants, retail, and Harris Teeter, supporting day-to-day convenience for employees and visitors.
Key Highlights
- Two‑story office building built in 1995 with approximately 4,136 sq‑ft of versatile space
- Includes 15 private offices plus 2 shared offices, along with a reception and waiting area
- Features a kitchen, copy room, and 2 storage closets
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.4k | $20.40 |
| − Vacancy | −$17.0k | −$4.10 |
| EGI | $67.4k | $16.30 |
| − OpEx | −$16.9k | −$4.07 |
| NOI | $50.6k | $12.22 |
4,136 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$722.3K
$632.0K – $842.7K
NOI $50,561 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.4K
$793.1K – $1.06M
NOI $63,450 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Thorp Clarke Neville ...
Law Firm
Katheryn J. Tandon, ...
Counselor
Integrated Behavioral Healthcare ...
Counselor
Cross Creek Title ...
Title Company
Falcon Crest Clinic ...
Medical Clinic
FAQs
What type of property is this?
Office building - Built in 1995, the two-story office includes private and shared offices, reception, kitchen, and 16 dedicated parking spaces.
Where is this office building located?
The property is located at 2577 Ravenhill Drive Fayetteville, NC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑story office building built in 1995 with approximately 4,136 sq‑ft of versatile space; Includes 15 private offices plus 2 shared offices, along with a reception and waiting area; Features a kitchen, copy room, and 2 storage closets
