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    Fayetteville Medical/Retail Opportunity on Owen

    518 Owen Drive Fayetteville, NC 28304

    518 Owen Drive, Fayetteville, NC, 28304
    $449,000
    For Sale
    Claim this Listing
    $449,000

    SINGLE_FAMILY - Fayetteville, NC

    Property Size2,078 SF
    Lot Size0.30 Acres
    Price / SF$216.07
    AddedMay 18
    Days on Market60
    Last RefreshJul 16 at 4:06 am

    Property Features for 518 Owen Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking
    12
    Parking features
    Parking Lot
    Security features
    Security
    Standard status
    Active
    APN
    0426-07-1683.000
    Size
    2,078 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    BORDEAUX LO:3 SE:03 BL:B PL:0018-0038

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1941
    Building materials
    WoodFrame
    Roof type
    Aluminum

    Listing agent NORMAN MUHORIA License #345898

    Listing office LPT REALTY LLC 639 EXECUTIVE PLACE, SUITE 305, Asheville, NC

    Listing date May 18, 2026

    MLS# 762825

    Copyright © 2026 Longleaf Pine Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This 2,078 square foot standalone building presents a prime medical office or retail opportunity with high visibility on Owen Drive. Situated on a 0.3-acre lot in Fayetteville's medical corridor, the property is located next to a CVS Pharmacy and near Cape Fear Valley Medical Center. The interior includes a reception area, two private restrooms, two private rooms, and a kitchen/breakroom. The reception area can accommodate about two additional private rooms. The property features curb appeal, signage opportunities, and 12 parking spaces. It is located in a commercial hub surrounded by clinics and offices. The property is suited for a growing practice, clinic, or high-traffic retail business.

    Key Highlights

    • Prime location in Fayetteville's medical corridor, next to CVS and near Cape Fear Valley Medical Center.
    • Versatile 2,078 SF standalone building suitable for medical or retail use.
    • High visibility on busy Owen Drive with prominent signage opportunities.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $42.4k $20.40
    − Vacancy −$8.5k −$4.10
    EGI $33.9k $16.30
    − OpEx −$8.5k −$4.07
    NOI $25.4k $12.22
    2,078 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $362.9K
    $317.5K – $423.4K (±1% cap)
    NOI $25,403 @ 7.0% cap · market cap 5.66%
    Second Best
    Retail
    $335.5K
    $293.6K – $391.4K (±1% cap)
    NOI $23,486 @ 7.0% cap · market cap 5.23%
    Theoretical Best
    Office A
    $455.4K
    $398.5K – $531.3K (±1% cap)
    NOI $31,878 @ 7.0% cap · market cap 7.10%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Healthkeeperz Home Health Care Service Mobility Plus Fayetteville Production Facility

    Suggested Use

    Big Box & Wholesale Store Building Supply Auto Parts Store Parking Lot & Garage Kitchen & Bath Showroom Garden Center Grocery & Convenience Store Furniture & Home Goods Plumbing Service Computer & Electronic Repair

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

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    FAQs

    What type of property is this?
    Medical Office Space - Versatile 2,078 SF building near Cape Fear Valley Medical Center.
    Where is this medical office space located?
    The property is located at 518 Owen Drive Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Prime location in Fayetteville's medical corridor, next to CVS and near Cape Fear Valley Medical Center.; Versatile 2,078 SF standalone building suitable for medical or retail use.; High visibility on busy Owen Drive with prominent signage opportunities.
    Contact an agent
    (404) 707-6995
    We can help!
    Contact an agent
    NORMAN MUHORIA
    Real Estate License ID: 345898
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