Office Condominium in Brick
New
For Sale
$315,000
5511 Ramsey Street, Fayetteville, NC 28311
CommercialSale, Fayetteville, NC
Property Size1,929 SF
Price / SF$163.30
Days on Market2
Property Features for 5511 Ramsey Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
OI - Office And Institutional
Parking features
Parking Lot
Directions
From Cross Creek Mall- Turn right onto Skibo Rd. Turn right onto All American Hwy heading towards Ft Bragg. Turn Right towards I-295. Continue onto I-295. Take Exit 28 401S Ramsey St. Turn right onto Ramsey St. Building will be on the right.
Standard status
Active
APN
0530-64-8470.201
Size
1,929 SF
Taxes and HOA fees
Tax Description
HUFF BUILT OFFICE CONDO REV PH:4 PL:C007-0073 UN:201
Legal Description
HUFF BUILT OFFICE CONDO REV PH:4 PL:C007-0073 UN:201
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Building materials
Brick
Listing Agency:
GRANT-MURRAY HOMES
(910) 758-8322
Listed By:
RAYMOND SHARP · License #258881
(910) 987-7511
Added: Oct 5
Last Checked: Oct 6 at 4:06AM
MLS# 770388
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.
Suite 201 is a 1,929-square-foot office condominium within a two-story brick building constructed in 2001. The property has a heat pump for heating, electric central air conditioning, and access to a parking lot. Public water and sewer serve the site.
Zoned OI (Office and Institutional), the suite is designated for office and institutional uses. The property is at 5511 Ramsey Street in Fayetteville, North Carolina.
Zoned OI (Office and Institutional), the suite is designated for office and institutional uses. The property is at 5511 Ramsey Street in Fayetteville, North Carolina.
Key Highlights
- 1,929‑square‑foot office condominium
- Suite 201 in a two‑story brick building
- Built in 2001
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,581
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,620
$471.6K
Cap Rate 7%
$336,871
$336.9K
Cap Rate 9%
$262,011
$262.0K
Market Conditions
NOI Build-Up for 1,929 SF
Gross rent
$39.4K $20.40/SF
− Vacancy
−$7.9K −$4.10/SF
EGI
$31.4K $16.30/SF
− OpEx
−$7.9K −$4.07/SF
NOI
$23.6K $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%
$471,620
Cap Rate 7%
$336,871
Cap Rate 9%
$262,011
Alternative Uses
Best Use
Office B
$336.9K
$294.8K – $393.0K
NOI $23,581 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.7K
$369.9K – $493.2K
NOI $29,592 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 28311, NC
36,302
Population
16,275
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
36.5 sq mi
ZIP Area
995
Density / Sq Mi
$60,033
Median Household Income
$38,469
Median Earnings
$1,122
Median Rent
$195,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - A 2001 office suite in an established two-story building, with OI zoning for office and institutional uses.
Where is this office units located?
The property is located at 5511 Ramsey Street Fayetteville, NC.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,929‑square‑foot office condominium; Suite 201 in a two‑story brick building; Built in 2001
