Zoned Office Strip
For Sale
$1,400,000
5841 - 5851 Ramsey St, Fayetteville, NC 28311
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$172.82
Days on Market75
Property Features for 5841 - 5851 Ramsey St
General Information
Standard status
Active
Size
8,101 SF
Class
B
Property subtype
Office
Zoning
OI-OFFICE
Occupancy
100%
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
7.3%
Office Units
6
Building Details
Building Size
8,101 SF
Year Built
1985
Tenancy
Multi
Listing Agency:
GRANT-MURRAY HOMES
Listed By:
Gary Futch, CCIM · License #NC #265136
(910) 322-1496
Source:
Grantmurrayre
Added: Jun 25
Changed: Sep 5
Last Checked: Sep 7 at 5:36AM
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.
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,980,640
$2.0M
Cap Rate 7%
$1,414,743
$1.4M
Cap Rate 9%
$1,100,356
$1.1M
Market Conditions
NOI Build-Up for 8,101 SF
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.
Gross rent
$165.3K $20.40/SF
− Vacancy
−$33.2K −$4.10/SF
EGI
$132.0K $16.30/SF
− OpEx
−$33.0K −$4.07/SF
NOI
$99.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,980,640
Cap Rate 7%
$1,414,743
Cap Rate 9%
$1,100,356
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $99,032 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,276 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
30,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
306
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 $1,400,000.
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
