1540 Purdue Dr Fayetteville, NC 28303-5509
Property profile & analytics
1540 Purdue Dr Fayetteville, NC 28303-5509
- Office properties & Spaces
- 2,748 SF
- 1.38 lot acres
Property ID
US53-5625992
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 1540 Purdue Dr
- Year built
- 2003
- Lot size
- 1.38 lot acres
- Property size
- 2,748 SF
- Zone code
- OI
- Property type
- Office properties & Spaces
- APN
- 0427-20-6631
- APU
- 427206631
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $485,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $595,000
- 6.5%
- $550,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $697,000
- AI Estimate
- $637,000
Market price range: $310k - $698kMarket price range: $278k - $638k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $530,000 Current use
- AUTO REPAIR, GARAGE
- $530,000 Change: +0% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $490,000 Change: -7% Conversion: Easy
- MEDICAL BUILDING
- $465,000 Change: -12% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.9246
- Latitude
- 35.0432
- CBSA code
- 22180
- CBSA name
- FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$0.00
$300,095
$3,248,355
$3,548,450
-
$300,095
$3,248,355
$3,548,450
