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    285 Olmsted Blvd, Unit 5 Pinehurst, NC 28374

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    2,500 SF office suite ideal for owner-users or investors.

    Property size:
    2,500 SF

    Property Features for 285 Olmsted Blvd

    General Information

    Standard status
    Active
    Size
    2,500 SF

    Building Details

    Year built
    1999

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    Listing Contact
    Roger Marx
    Source: Crexi

    Listing Agency: Grant-Murray Real Estate Listing Agent: Roger Marx

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Ground-Level Office Suite For Sale

    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.
    Location Intelligence

    Current Use by Public Records

    Restore Physiotherapy Medical Clinic Carolyn Brumm Mccormick Pediatrician Pinehurst, NC CPA, ... Accounting Firm ABIDING WEALTH ADVISORS, ... Financial Advisor Solas Health Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pinehurst
    County
    Moore
    State
    North Carolina
    Longitude
    -79.4769985
    Latitude
    35.2076352

    Nearby Similar for Sale

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    • $2,000,000
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      Prime Pinehurst Land Opportunity

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    FAQs

    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, Unit 5 Pinehurst, NC.
    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.
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    Pinehurst, NC 28374
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    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
    285 Olmsted Blvd, Unit 5 Pinehurst, NC 28374
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    We can help!
    Listing Contact
    Roger Marx
    Real Estate License ID: 279023
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