Renovated Office Building For
3394 Cumberland Road, Fayetteville, NC 28306
Single-story office building with recent renovations and ample parking.
Type:OFC
Property size:
1,803 SFLot size:
0.29 AcresPrice / SF:
$166/SF- Added:
- Aug 6, 2024
- Days on Market:
- 657
- Last Refresh:
- Apr 3 at 5:03 am
Property Features for 3394 Cumberland Road
General Information
- Standard status
- Active
- Size
- 1,803 SF
- Lot size
- 0.29 Acres
- Property subtype
- OFC
Building Details
- Year Built
- 1950
Listing agent Diego Munoz License #273250, North Carolina (919) 675-2750
Listing office KW Commercial | Raleigh (919) 675-2750
Listing date Aug 6, 2024
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Raleigh
HighLights
- Prime commercial location with street front visibility.
- Recently renovated since 2020.
- Zoned C3 specifically for commercial use.
- 1,803 SF single‑story building suitable for a single tenant.
- Multiple offices/meeting room options, large workspace, kitchen, and storage.
- Front and rear parking with 3 gated entrances.
Overview
This commercial property, suitable for office use, is a single-story building constructed in 1950 and renovated since 2020. It features 1,803 square feet of space, designed for a single tenant. The interior includes multiple offices or meeting rooms, a large workspace, two restrooms, a fully functional kitchen, and storage areas. The property is zoned C3 for commercial purposes, offering street front visibility. Situated on 0.29 acres, the property provides parking in both the front and rear, with three gated entrances. The building has a floor area ratio (FAR) of 0.14. Its location and layout make it suitable for businesses seeking a well-equipped office space in Fayetteville.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$244.9K
NOI $22,041 @ 9.00% cap · cautious / downside scenario
Moderate
$314.9K
NOI $22,041 @ 7.00% cap · market / base-case scenario
Aggressive
$440.8K
NOI $22,041 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.8k | $20.40 |
| − Vacancy | −$7.4k | −$4.10 |
| EGI | $29.4k | $16.30 |
| − OpEx | −$7.3k | −$4.07 |
| NOI | $22.0k | $12.22 |
1,803 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$314.9K
$275.5K – $367.4K
NOI $22,041 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.1K
$345.7K – $461.0K
NOI $27,659 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.9303285
- Latitude
- 35.015833
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Single-story office building with recent renovations and ample parking.
Where is this office building located?
The property is located at 3394 Cumberland Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime commercial location with street front visibility.; Recently renovated since 2020.; Zoned C3 specifically for commercial use.
