Class A Office
For Sale
Contact for pricing
2919 Breezewood Ave, Fayetteville, NC 28303
Four-story Class A office building offering flexible suite sizes for prospective tenants and owners.
Property Size2,800 SF
Price / SF$262.50
Days on Market65
Property Features for 2919 Breezewood Ave
General Information
Standard status
Active
Size
2,800 SF
Class
A
Property subtype
Office
Zoning
office
Lease Type
NNN
Building Details
Year Built
2004
Year Renovated
2024
Buildings
1
Stories
4
Units
5
Tenancy
Single
Listing Agency:
Elmwood Partners LLC
Listed By:
Thomas Bradford · License #NC 36334
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 10 at 9:02AM
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 Elmwood Partners LLC
Investment Insights
Based on property information with market context.
This four-story Class A office building presents available office space ranging from 1,000 sq. ft. to as much as 10,490 sq. ft. per floor. The property is positioned for straightforward leasing or ownership, with space sizes that can accommodate a variety of office requirements.
The building is located in Fayetteville, NC, with close proximity to Ft. Bragg. Space availability is noted to require 90–120 days from layout and lease, supporting planning for move-in timing and buildout coordination.
For tenants considering occupancy, the per-floor and smaller suite size range can help align space planning with staffing needs. For buyers and operators, the property’s Class A positioning and clearly defined availability window can simplify scheduling for lease rollouts and tenant improvements within the stated timeline.
The building is located in Fayetteville, NC, with close proximity to Ft. Bragg. Space availability is noted to require 90–120 days from layout and lease, supporting planning for move-in timing and buildout coordination.
For tenants considering occupancy, the per-floor and smaller suite size range can help align space planning with staffing needs. For buyers and operators, the property’s Class A positioning and clearly defined availability window can simplify scheduling for lease rollouts and tenant improvements within the stated timeline.
Key Highlights
- 4‑story Class A office building built in 2004
- Available suite sizes range from 1,000 SF to 10,490 SF per floor
- Close proximity to Fort Bragg
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,229
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$684,580
$684.6K
Cap Rate 7%
$488,986
$489.0K
Cap Rate 9%
$380,322
$380.3K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$57.1K $20.40/SF
− Vacancy
−$11.5K −$4.10/SF
EGI
$45.6K $16.30/SF
− OpEx
−$11.4K −$4.07/SF
NOI
$34.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$684,580
Cap Rate 7%
$488,986
Cap Rate 9%
$380,322
Alternative Uses
Best Use
Office B
$489.0K
$427.9K – $570.5K
NOI $34,229 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.6K
$536.9K – $715.9K
NOI $42,954 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,851
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four-story Class A office building offering flexible suite sizes for prospective tenants and owners.
Where is this office units located?
The property is located at 2919 Breezewood Ave Fayetteville, NC.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 4‑story Class A office building built in 2004; Available suite sizes range from 1,000 SF to 10,490 SF per floor; Close proximity to Fort Bragg
