Renovated Office
2931 Breezewood Avenue, Fayetteville, NC 28303
For Sale
New
Contact for pricing
Three first-floor units accommodate medical, counseling, administrative, and general professional office uses.
Property Size3,909 SF
Price / SF$149.65
Days on Market5
Property Features for 2931 Breezewood Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Space & Availability
Floor
Condition
Additional Details
HOA Fee
Office Units
Property Use
Building Details
Year Renovated
Buildings
Construction
Listing Agency:
Grant-Murray Real Estate
Listed By:
Corey Croegaert · License NC #327556
(910) 987-2579
Source:
Crexi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:57PM
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 Grant-Murray Real Estate
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Investment Insights
Based on property information with market context.
The offering comprises three first-floor office suites totaling approximately 3,909 square feet in a brick building. Renovations were completed in 2019, the same year the HVAC systems were replaced. The suites were previously occupied by a neuropsychology practice and are described for medical, counseling, administrative, or general professional use. The building has professional landscaping and 46 surface parking spaces serving the property. Water service is included through the HOA-managed arrangement, and the roof was replaced approximately four years ago.
The property is on Breezewood Avenue in Fayetteville, just off Raeford Road. The listing reports daily traffic of 34,500 and names Publix, Harris Teeter, Chick-fil-A, Ace Hardware, and 7 Brew among national retailers in the area. The office property is zoned O&I (Office & Institutional).
The property is on Breezewood Avenue in Fayetteville, just off Raeford Road. The listing reports daily traffic of 34,500 and names Publix, Harris Teeter, Chick-fil-A, Ace Hardware, and 7 Brew among national retailers in the area. The office property is zoned O&I (Office & Institutional).
Key Highlights
- Three first‑floor suites total approximately 3,909 square feet
- Renovations and HVAC replacement completed in 2019
- 46 surface parking spaces serve the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,786
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,720
$955.7K
Cap Rate 7%
$682,657
$682.7K
Cap Rate 9%
$530,956
$531.0K
Market Conditions
NOI Build-Up for 3,909 SF
Gross rent
$79.7K $20.40/SF
− Vacancy
−$16.0K −$4.10/SF
EGI
$63.7K $16.30/SF
− OpEx
−$15.9K −$4.07/SF
NOI
$47.8K $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%
$955,720
Cap Rate 7%
$682,657
Cap Rate 9%
$530,956
Alternative Uses
Best Use
Office B
$682.7K
$597.3K – $796.4K
NOI $47,786 @ 7.0% cap · market cap 8.17%
Second Best
Healthcare Medical
$579.0K
$506.6K – $675.5K
NOI $40,529 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$856.7K
$749.6K – $999.5K
NOI $59,967 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
1,851
Businesses Nearby
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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
$174,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Fayetteville, NC
Properties on Market for Office Units in Fayetteville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Three first-floor units accommodate medical, counseling, administrative, and general professional office uses.
Where is this office unit located?
The property is located at 2931 Breezewood Avenue Fayetteville, NC.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three first‑floor suites total approximately 3,909 square feet; Renovations and HVAC replacement completed in 2019; 46 surface parking spaces serve the building
