Three-Story Office Building with
7724 & 7734 Raeford Rd, Fayetteville, NC 28304
Three-story office property with monument and building signage, ample parking, and site plan approval for a second building.
Type:Retail, Office
Property size:
20,193 SFLot size:
3.39 AcresPrice / SF:
$173/SF- Added:
- Jun 19, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 24 at 4:25 am
Property Features for 7724 & 7734 Raeford Rd
General Information
- Standard status
- Active
- Size
- 20,193 SF
- Lot size
- 3.39 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2016
Listing office Avison Young - Raleigh Durham
Listing date Jun 19, 2026
Source Crexi
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 Avison Young - Raleigh Durham
HighLights
- Three‑story office building built in 2016 totaling 120,193 SF on 3.39 acres
- Site plan approved for a second 120,193 SF building
- Currently 33% leased to a medical practice with 3+ years remaining and three 10‑year renewal options
- Monument and building signage along Raeford Road
- Parking ratio of 4.77 spaces per 1,000 SF
- Less than 2 miles to I‑295 for access to Fort Bragg, downtown Fayetteville, and I‑95
Overview
7724 & 7734 Raeford Rd offers a three-story office building totaling 20,193 square feet on 3.39 acres. The property includes monument and building signage along Raeford Road and provides a parking ratio of 4.77 spaces per 1,000 square feet. Site plan approval is in place for a second building of the same size, 20,193 square feet, allowing for an additional development phase on the property.
The asset is located just off U.S. 401/S Raeford Rd in Fayetteville, NC, in a corridor with abundant retailers, restaurants, and services nearby, and offers convenient access to regional destinations. The property is less than four miles from Cape Fear Valley Hoke Hospital and six miles from FirstHealth Moore Regional Hospital – Hoke. Cape Fear Valley Medical Center in Fayetteville is less than nine miles away, and I-295 is located less than two miles from the property.
Currently, the property is 33% leased to a well-established medical practice, with a remaining lease term of 3+ years and three 10-year renewal options. The building and approved expansion support a range of office and healthcare-adjacent uses, including general office, healthcare clinics, and mental and behavioral health, with visibility from Raeford Road signage and parking that can accommodate varied tenant needs.
The asset is located just off U.S. 401/S Raeford Rd in Fayetteville, NC, in a corridor with abundant retailers, restaurants, and services nearby, and offers convenient access to regional destinations. The property is less than four miles from Cape Fear Valley Hoke Hospital and six miles from FirstHealth Moore Regional Hospital – Hoke. Cape Fear Valley Medical Center in Fayetteville is less than nine miles away, and I-295 is located less than two miles from the property.
Currently, the property is 33% leased to a well-established medical practice, with a remaining lease term of 3+ years and three 10-year renewal options. The building and approved expansion support a range of office and healthcare-adjacent uses, including general office, healthcare clinics, and mental and behavioral health, with visibility from Raeford Road signage and parking that can accommodate varied tenant needs.
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 | $411.9k | $20.40 |
| − Vacancy | −$82.8k | −$4.10 |
| EGI | $329.1k | $16.30 |
| − OpEx | −$82.3k | −$4.07 |
| NOI | $246.9k | $12.22 |
20,193 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.53M
$3.09M – $4.11M
NOI $246,853 @ 7.0% cap · market cap 7.06%
Second Best
Healthcare Medical
$2.99M
$2.62M – $3.49M
NOI $209,361 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$4.43M
$3.87M – $5.16M
NOI $309,777 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
David Klumpar, MD
Physician
Hannah Moore, PA-C
Physician
Cassidy Conley
Physician
Hannah Palko
Physician
Shannon Ellis
Physician
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -79.0534949
- Latitude
- 35.0311325
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Three-story office property with monument and building signage, ample parking, and site plan approval for a second building.
Where is this office building located?
The property is located at 7724 & 7734 Raeford Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Three‑story office building built in 2016 totaling 120,193 SF on 3.39 acres; Site plan approved for a second 120,193 SF building; Currently 33% leased to a medical practice with 3+ years remaining and three 10‑year renewal options
