Ground-Level Office Suite For
For Sale
$499,000
285 Olmsted Blvd Suite 5, Pinehurst, NC 28374
2,500 SF office suite ideal for owner-users or investors.
Property Size2,500 SF
Price / SF$199.60
Days on Market216
Property Features for 285 Olmsted Blvd Suite 5
General Information
Standard status
Active
Size
2,500 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,500 SF
Year Built
1999
Listed By:
Roger Marx, CCIM · License #NC #279023
(910) 222-3832
Source:
Grantmurrayre
Added: Mar 27
Changed: Oct 26
Last Checked: Oct 28 at 6:19AM
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 Roger Marx, CCIM
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Investment Insights
Based on property information with market context.
This ground-level office suite provides 2,500 square feet of professional space, suitable for owner-users, medical practitioners, or investors. The layout features a spacious reception area, five private offices, a secured IT/server room, and a kitchenette with a dedicated break area. In-suite men’s and women’s restrooms are included. The floorplan supports privacy and workflow efficiency, making it a versatile fit for a range of business or healthcare operations. Located near the intersection of Murdocksville Road and Highway 211 West, the property offers easy access in a growing commercial corridor. The surrounding area includes a mix of professional offices, retail, and service-based businesses. Highway 211 serves as a major route for regional traffic, contributing to consistent exposure and connectivity. The site is a short drive from surrounding neighborhoods and key amenities, offering convenience for staff and clientele alike. Its proximity to high-traffic intersections enhances its appeal for both daily operations and long-term value.
Key Highlights
- Ground‑level suite with 2,500 sq ft of professional space suitable for owner‑users, medical practitioners, or investors.
- Convenient location near Murdocksville Road and Highway 211 West in a growing commercial area.
- Functional layout with a spacious reception area, five private offices, and a central corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,140
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,800
$602.8K
Cap Rate 7%
$430,571
$430.6K
Cap Rate 9%
$334,889
$334.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.9K $21.96/SF
− Vacancy
−$4.7K −$1.87/SF
EGI
$50.2K $20.09/SF
− OpEx
−$20.1K −$8.04/SF
NOI
$30.1K $12.06/SF
Area
Moore County, NC
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,800
Cap Rate 7%
$430,571
Cap Rate 9%
$334,889
Alternative Uses
Best Use
Healthcare Medical
$430.6K
$376.8K – $502.3K
NOI $30,140 @ 7.0% cap · market cap 6.04%
Second Best
Office B
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$476.4K
$416.8K – $555.8K
NOI $33,346 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28374, NC
18,818
Population
10,532
Households
1.8
Avg Household Size
57
Median Age
63%
College-Educated
98%
High-School Grad
21.0 sq mi
ZIP Area
896
Density / Sq Mi
$106,746
Median Household Income
$56,435
Median Earnings
$1,691
Median Rent
$440,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,500 SF office suite ideal for owner-users or investors.
Where is this medical office space located?
The property is located at 285 Olmsted Blvd Suite 5 Pinehurst, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Ground‑level suite with **2,500 sq ft of professional space** suitable for owner‑users, medical practitioners, or investors.; Convenient location near Murdocksville Road and Highway 211 West in a growing commercial area.; Functional layout with a **spacious reception area, five private offices**, and a central corridor.
