Professional Office
New
For Sale
$315,000
5511 Ramsey Street Suite 201, Fayetteville, NC 28311
A compact ownership opportunity within a two-story office and institutional property.
Property Size1,929 SF
Price / SF$163.30
Days on Market4
Property Features for 5511 Ramsey Street Suite 201
General Information
Standard status
Active
Size
1,929 SF
Class
B
Property subtype
Office
Zoning
OI
Additional Details
Office Units
1
Building Details
Building Size
1,929 SF
Year Built
2001
Buildings
1
Stories
2
Listing Agency:
GRANT-MURRAY HOMES
Listed By:
Raymond Sharp, CCIM · License #NC #258881
(910) 987-7511
Source:
Grantmurrayre
Added: Oct 7
Last Checked: Oct 9 at 5:16PM
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 HOMES
Investment Insights
Based on property information with market context.
Suite 201 is a 1,929-square-foot office condominium within a two-story building completed in 2001. The suite is identified as Class B and zoned OI – Office and Institutional, supporting office and institutional use. Its condominium format offers a separately owned office component within the larger property.
Key Highlights
- 1,929 SF office condominium
- Built in 2001
- Located in a two‑story building
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
Lease Details
1
Office units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A compact ownership opportunity within a two-story office and institutional property.
Where is this office units located?
The property is located at 5511 Ramsey Street Suite 201 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 SF office condominium; Built in 2001; Located in a two‑story building
