7724 Raeford RdFayetteville, NC 28304

Property Details for 7724 Raeford Rd

Year built

2016

Lot size

3.39 AC

Property size (Sq ft)

6,738 SF

Zone code

OI

Property type

Medical offices

Property subtype

Medical centers

APN

9486-36-8393

APU

9486368393

Description

This exceptional Class A office building, totaling 18,000 square feet, is situated on 2 acres in Fayetteville, NC, at 7724 Raeford Rd, zip code 28304. Built in 2016, this three-story building features a prominent location on a major thoroughfare, offering excellent visibility and accessibility. The property includes one elevator and currently has 11,540 square feet of vacant space available for lease, divisible into units as small as 1,450 square feet and up to a contiguous 5,770 square feet. The building is anchored by a dermatology practice on the third floor. The first and second floors are currently unfinished, presenting a unique opportunity for build-to-suit options. The location boasts high traffic counts and is conveniently located near US-401, less than six miles from three hospitals and clinics. Numerous retail amenities and restaurants are within walking distance, providing convenience for tenants and their employees. The property also offers highly visible building and monument signage opportunities. This is an ideal location for businesses seeking a professional and accessible office space in a thriving area of Fayetteville.

• CAP approach

  CAP return

  Valuation

  6%

  $1,940,750

  6.5%

  $1,791,470

  7%

  $1,663,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,636,990

  Geo Method

  $1,546,640

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,612,530

  Retail / Commercial

  $1,835,740

  Mixed-Use / Specialty

  $1,816,000

  Hospitality / Lodging

  $1,315,160

  Institutional / Educational

  $1,883,190

  Residential Income

  $2,203,330

  Multifamily

  $2,715,720

  Automotive / Energy

  $1,614,160

  Parking / Income-Based Land

  $570,067

  Restaurant / Food Service

  $916,350

  Healthcare / Senior Housing

  $1,875,810

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0314

Longitude

-79.0539

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].