Building Details

Year built 1995

Building materials BrickVeneer, Frame

Roof type Asphalt

Listing Agency: FRANKLIN JOHNSON COMMERCIAL REAL ESTATE f***@nc.rr.com Show Phone

Listed By: FRANKLIN JOHNSON · License #146789 Show Phone

Added: Jul 22 Changed: Oct 17 Last Checked: Oct 23 at 10:06AM

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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.

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Investment Insights

Based on property information with market context.

This two-level office property was constructed in 1995 and contains approximately 4,136 sq-ft of usable space. The interior includes 15 private offices, 2 shared offices, a reception and waiting area, kitchen, 3 bathrooms, copy room, and 2 storage closets. Brick-veneer construction, an asphalt roof, public water, and public sewer support the building’s existing configuration.

The property sits at 2577 Ravenhill Drive in Fayetteville, near Raeford Road, restaurants, retail, and Harris Teeter. Raeford Road carries approximately 29,500 VPD according to NCDOT 2024 data. Access is available to Martin Luther King Jr. Freeway, All American Freeway, and Business 95. Sixteen dedicated parking spaces are provided on the 0.28-acre site.

Key Highlights

• Approximately 4,136 sq‑ft of office space in a two‑story building
• 15 private offices plus 2 shared offices
• Reception and waiting area, kitchen, 3 bathrooms, copy room, and 2 storage closets

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,561

Cap Rate

6.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,011,220 $1.0M

Cap Rate 7%

$722,300 $722.3K

Cap Rate 9%

$561,789 $561.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,136 SF

Gross rent

$84.4K $20.40/SF

− Vacancy

−$17.0K −$4.10/SF

EGI

$67.4K $16.30/SF

− OpEx

−$16.9K −$4.07/SF

NOI

$50.6K $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%

$1,011,220

Cap Rate 7%

$722,300

Cap Rate 9%

$561,789

Alternative Uses

Best Use

Office B

$722.3K

$632.0K – $842.7K (±1% cap)

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 (±1% cap)

NOI $63,450 @ 7.0% cap · market cap 7.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Thorp Clarke Neville ... Law Firm Katheryn J. Tandon, ... Counselor Integrated Behavioral Healthcare ... Counselor Cross Creek Title ... Title Company Falcon Crest Clinic ... Medical Clinic

Suggested Use

Top Pick Building Supply Parking Lot & Garage Big Box & Wholesale Store HVAC Service Grocery & Convenience Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

29,500 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,443

Businesses Nearby

Explore this area Business Placement

Demographics for 28303, NC

30,842

Population

15,554

Households

2

Avg Household Size

36

Median Age

30%

College-Educated

94%

High-School Grad

15.4 sq mi

ZIP Area

2,003

Density / Sq Mi

$53,261

Median Household Income

$37,238

Median Earnings

$1,125

Median Rent

$174,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Brick-veneer office property with private rooms, shared work areas, reception space, and on-site parking.

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: Approximately 4,136 sq‑ft of office space in a two‑story building; 15 private offices plus 2 shared offices; Reception and waiting area, kitchen, 3 bathrooms, copy room, and 2 storage closets