Two-Story Office Building with
2577 Ravenhill Drive Fayetteville, NC 28303
New
2577 Ravenhill Drive, Fayetteville, NC, 28303
$825,000
For Sale
$825,000
SINGLE_FAMILY - Fayetteville, NC
Property Size4,136 SF
Lot Size0.28 Acres
Price / SF$199.47
Days on Market1
Property Features for 2577 Ravenhill Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 16
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 0427-22-0743
- Size
- 4,136 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- RIDGE PLACE OFFICES LO:2 SE:00 PL:0091-0009
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1995
- Building materials
- BrickVeneer, Frame
- Roof type
- Asphalt
Listing agency
FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
(910) 864-2626
Listed by
FRANKLIN JOHNSON · License #146789
(910) 818-8400
Added: Jul 22 Checked: Jul 22 at 11:06PM
MLS# 764886
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.
Investment Insights
Based on property information with market context.
This two-story office building was built in 1995 and includes approximately 4,136 square feet of office space. The interior layout features 15 private offices and 2 shared offices, along with a reception and waiting area, kitchen, 3 bathrooms, a copy room, and two storage closets. The property also provides 16 dedicated parking spaces.
Located just off high-traffic Raeford Road, the site has approximately 29,500 VPD per NCDOT 2024. It is also near restaurants, retail, and Harris Teeter, with easy access to Martin Luther King Jr. Freeway, All American Freeway, and Business 95.
The building’s configuration supports a professional office environment with a mix of private and shared work areas, centralized reception, and supporting back-of-house space such as the kitchen, copy room, and storage closets.
Located just off high-traffic Raeford Road, the site has approximately 29,500 VPD per NCDOT 2024. It is also near restaurants, retail, and Harris Teeter, with easy access to Martin Luther King Jr. Freeway, All American Freeway, and Business 95.
The building’s configuration supports a professional office environment with a mix of private and shared work areas, centralized reception, and supporting back-of-house space such as the kitchen, copy room, and storage closets.
Key Highlights
- Two‑story office building built in 1995 with approximately 4,136 sq. ft. of space
- Layout includes 15 private offices, 2 shared offices, and a reception/waiting area
- Includes kitchen, 3 bathrooms, copy room, and 2 storage closets
Local 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
Property Profile
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building built in 1995 with reception area, multiple offices, 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 space; Layout includes 15 private offices, 2 shared offices, and a reception/waiting area; Includes kitchen, 3 bathrooms, copy room, and 2 storage closets
