Two-Story Office
New
For Sale
$425,000
949 Country Club Drive, Fayetteville, NC 28301
CommercialSale, Fayetteville, NC
Property Size2,800 SF
Lot Size0.78 Acres
Price / SF$151.79
Days on Market1
Property Features for 949 Country Club Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CC - Community Commerical
Standard status
Active
APN
0429-50-7852.000
Lot size
0.78 Acres
Taxes and HOA fees
Tax Description
0.78 AC LD
Legal Description
0.78 AC LD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1946
Building materials
BrickVeneer
Roof type
Shingle
Listing Agency:
GRANT-MURRAY HOMES
(910) 758-8322
Listed By:
RAYMOND SHARP · License #258881
(910) 987-7511
Added: Oct 1
Last Checked: Oct 1 at 4:06PM
MLS# 769767
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.
This two-story office property contains 2,800 square feet on a 0.78-acre parcel. Built in 1946, the building has brick veneer construction, a shingle roof, and multiple office areas. Public water and public sewer serve the property, and community commercial zoning is identified for the site.
Located on Country Club Drive in Fayetteville, the property is positioned along an established commercial corridor with access to nearby residential areas, businesses, services, and major roadways. The site includes on-site parking and outdoor space, with visibility from the drive.
Located on Country Club Drive in Fayetteville, the property is positioned along an established commercial corridor with access to nearby residential areas, businesses, services, and major roadways. The site includes on-site parking and outdoor space, with visibility from the drive.
Key Highlights
- 2,800‑square‑foot office building on 0.78 acres
- Two‑story layout with multiple office areas
- Community commercial zoning
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
$34,229
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
8.05%
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%
$684,580
$684.6K
Cap Rate 7%
$488,986
$489.0K
Cap Rate 9%
$380,322
$380.3K
Market Conditions
NOI Build-Up for 2,800 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
$57.1K $20.40/SF
− Vacancy
−$11.5K −$4.10/SF
EGI
$45.6K $16.30/SF
− OpEx
−$11.4K −$4.07/SF
NOI
$34.2K $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%
$684,580
Cap Rate 7%
$488,986
Cap Rate 9%
$380,322
Alternative Uses
Best Use
Office B
$489.0K
$427.9K – $570.5K
NOI $34,229 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$613.6K
$536.9K – $715.9K
NOI $42,954 @ 7.0% cap · market cap 10.11%
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
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 28301, NC
17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
Median Home Value
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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 building - Multiple office areas support a range of professional and administrative operations.
Where is this office building located?
The property is located at 949 Country Club Drive Fayetteville, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,800‑square‑foot office building on 0.78 acres; Two‑story layout with multiple office areas; Community commercial zoning
