Property profile

516 Owen Dr Fayetteville, NC 28304

FOR LEASE
Office buildings
Property ID
US53-1711131
1,587 SF 0.31 ac lot Built 1956
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property is an approximately 1,600-square-foot commercial medical/professional space located off Owen Drive in central Fayetteville on a 0.31-acre lot. It is situated in an area with established medical facilities and professional offices. The building was previously used as a hearing aid office and is configured for professional or healthcare use, featuring a reception and waiting area, four private rooms with closets, a flex room, and three bathrooms. The front of the space includes large windows for natural light, and the facility has handicap-accessible amenities. Outside, a paved parking lot provides nine dedicated parking spaces.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1956
Total area 1,587 SF
Lot 0.31 ac (13,504 SF)
Zoning code OI
APN 0426-07-1752
UPID US53-1711131

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Hearing Aid Store Hearing Aid Repair Service

Location

516 Owen Dr Fayetteville, NC 28304
Fayetteville metro Census 1800 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2026
Last sale
$195,000
4 recorded transactions
2026
$195,000
2022
Price N/A
2021
$215,000
2015
Price N/A

Zoning & alternative use

OI · Fayetteville, NC
Zoning description

Residential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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