Fayetteville Commercial Property with High
For Sale
$365,000
Pending
957 S Old Mcpherson Church S Road, Fayetteville, NC 28303
Remodeled commercial property with high traffic volume and unlimited potential.
Property Size2,126 SF
Lot Size0.58 Acres
Days on Market602
Property Features for 957 S Old Mcpherson Church S Road
General Information
Standard status
Pending
Size
2,126 SF
Lot size
0.58 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1963
Listing Agency:
THE PROPERTY PLACE OF FAYETTEVILLE
(910) 551-3331
Listed By:
THERESA FRETT · License #334091
(910) 551-3331
Source:
Exitrealty
Added: Dec 17, 2024
Changed: Aug 8
Last Checked: Aug 11 at 5:58AM
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 THE PROPERTY PLACE OF FAYETTEVILLE
Investment Insights
Based on property information with market context.
This commercial property experiences high traffic volume due to its location off McPherson Church Road and All American Hwy. Remodeled in 2006, the property features hardwood floors throughout. The space was previously used as a professional medical office, but it can also accommodate professional and business offices, institutions, or retail operations. The property includes four or more spacious offices, a full kitchen, and a large conference room with a fireplace. Ample storage space is available both inside the building and in an external, wired storage building, which could also be removed. The property is zoned to 957 S. Old McPherson Church Road and has a total size of 2126 square feet.
Key Highlights
- High traffic location on McPherson Church Road and All American Hwy
- Versatile zoning suitable for offices, retail, or institutions
- Remodeled in 2006
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
$25,990
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
7.12%
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%
$519,800
$519.8K
Cap Rate 7%
$371,286
$371.3K
Cap Rate 9%
$288,778
$288.8K
Market Conditions
NOI Build-Up for 2,126 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
$43.4K $20.40/SF
− Vacancy
−$8.7K −$4.10/SF
EGI
$34.7K $16.30/SF
− OpEx
−$8.7K −$4.07/SF
NOI
$26.0K $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%
$519,800
Cap Rate 7%
$371,286
Cap Rate 9%
$288,778
Alternative Uses
Best Use
Office B
$371.3K
$324.9K – $433.2K
NOI $25,990 @ 7.0% cap · market cap 7.12%
Second Best
Healthcare Medical
$314.9K
$275.5K – $367.4K
NOI $22,042 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K
NOI $32,615 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 28303, NC
30,842
Population
15,554
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
2,003
Density / Sq Mi
$53,261
Median Household Income
$37,238
Median Earnings
$1,125
Median Rent
$174,900
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.
Similar Off Market Nearby
- Highland Animal Hospital — 981 S McPherson Church Rd, Fayetteville, NC 28303
- Academy Pet Hospital — 200 Owen Dr, Fayetteville, NC 28304
- Valley Veterinary Hospital — 980 S Old McPherson Church Rd, Fayetteville, NC 28303
- Josh Barkman DVM — 981 S McPherson Church Rd, Fayetteville, NC 28303
- Bostic Clifford N DVM — 3602 raeford rd, fayetteville, nc 28304
Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled commercial property with high traffic volume and unlimited potential.
Where is this medical office space located?
The property is located at 957 S Old Mcpherson Church S Road Fayetteville, NC.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: High traffic location on McPherson Church Road and All American Hwy; Versatile zoning suitable for offices, retail, or institutions; Remodeled in 2006
