1540 Purdue Dr Fayetteville, NC 28303
- Office Properties & Spaces
- 2,748 SF
- 1.38 lot acres
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
-
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 valuation — 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