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Property profile & analytics
OFF-MARKET Estimated value $595,000
Office Spaces

1540 Purdue Dr Fayetteville, NC 28303-5509

2,748 SF 1.38 ac lot Built 2003
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US53-5625992
Property summary
AI-generated overview

This exceptional 7,282-square-foot Class A medical office condo is situated at 1540 Purdue Dr, Unit 3, in Fayetteville, North Carolina's Cumberland County (zip code 28303). Built in 2003, this single-tenant property occupies the entire second floor of The Summit on Purdue, a three-story professional office building totaling 24,627 square feet. The property boasts ample parking and high visibility, making it an ideal location for medical practices. The interior features a well-designed layout including a reception area, waiting room, eleven offices, eight exam rooms, a kitchen/break room, four restrooms, three conference rooms, a procedure room, three storage rooms, and two mechanical rooms. A modular wall system allows for easy reconfiguration to suit various medical practice needs. Currently, the unit is vacant except for a small portion under a short-term lease. The asking price is $1,495,000, translating to $205.30 per square foot. This presents a compelling investment opportunity in a thriving Fayetteville market. The property's features and location combine to offer a strong return on investment.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2003
Total area 2,748 SF
Lot 1.38 ac (60,113 SF)
Zoning code OI
APN 0427-20-6631
UPID US53-5625992
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nicki Torres Movement Mortgage Torres Team Loan Service Bank
  • Mike Shaff, Movement Mortgage Loan Service Bank
  • Cheryl Gershey Physician
  • FAYETTEVILLE NEUROFEEDBACK, PLLC Crisis Center Medical Clinic
  • Cynthia Richards Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
$550k
Comparable Approach Comparable
$698k
Blend (final) Blend
$595k
Owner & transaction history
SUMMIT OWNERS ASSOCIATION INC
SUMMIT OWNERS ASSOCIATION INC
Zoning & alternative use
OI · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $530,000 +0.5%
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