Zoned Office Strip
5841 - 5851 Ramsey St Fayetteville, NC 28311
For Sale
$1,700,000
Ascot Plaza is a six-unit office strip center with 100% occupancy and ample parking along a high-traffic corridor.
Property Size8,101 SF
Price / SF$209.85
Days on Market30
Property Features for 5841 - 5851 Ramsey St
General Information
- Standard status
- Active
- Size
- 8,101 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing Agency:
Grant-Murray Real Estate
(910) 322-1496
Listed By:
Gary Futch, CCIM · License #NC #265136
(910) 322-1496
Source:
Grantmurrayre
Added: Jun 25
Changed: Jul 23
Last Checked: Jul 23 at 6:33PM
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
Investment Insights
Based on property information with market context.
Ascot Plaza is a zoned office strip center containing a total building area of 8,101 SF and six tenant spaces. The property is listed as 100% occupied, offering multiple office configurations within one convenient complex. Zoning is identified as OI-OFFICE.
The center is located along Ramsey Street in Fayetteville and is described as having strong visibility and easy accessibility. Public remarks note traffic counts over 30,000 AADT. The surrounding area includes offices and retail centers, with proximity to Methodist University and Fort Bragg gates, and I-295 also listed as nearby.
For those seeking an established, income-producing office asset or a long-term owner-occupant setup, Ascot Plaza combines multiple units, consistent exposure, and ample on-site parking as described in the offering materials.
The center is located along Ramsey Street in Fayetteville and is described as having strong visibility and easy accessibility. Public remarks note traffic counts over 30,000 AADT. The surrounding area includes offices and retail centers, with proximity to Methodist University and Fort Bragg gates, and I-295 also listed as nearby.
For those seeking an established, income-producing office asset or a long-term owner-occupant setup, Ascot Plaza combines multiple units, consistent exposure, and ample on-site parking as described in the offering materials.
Key Highlights
- Ascot Plaza is an 8,101 SF six‑unit office strip center with 100% occupancy
- Cap rate listed at 7.3%
- Zoned OI‑Office
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 | $165.3k | $20.40 |
| − Vacancy | −$33.2k | −$4.10 |
| EGI | $132.0k | $16.30 |
| − OpEx | −$33.0k | −$4.07 |
| NOI | $99.0k | $12.22 |
8,101 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $99,032 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,276 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Ascot Plaza is a six-unit office strip center with 100% occupancy and ample parking along a high-traffic corridor.
Where is this office units located?
The property is located at 5841 - 5851 Ramsey St Fayetteville, NC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Ascot Plaza is an 8,101 SF six‑unit office strip center with 100% occupancy; Cap rate listed at 7.3%; Zoned OI‑Office
