Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    757 E Washington Street Ext Rockingham, NC 28379

    View on Map
    Sponsored
    Pending
    $580,000

    LAND - Rockingham, NC

    Lot size:
    55.97 Acres
    Days on Market:
    27
    Last Refresh:
    Mar 29 at 9:06 pm

    Property Features for 757 E Washington Street Ext

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    RR
    APN
    748301461562
    Lot size
    55.97 Acres

    We can help!

    Listing Contact
    Beverly McFayden
    Beverly McFayden

    Coldwell Banker Preferred Properties

    Listing agent Beverly McFayden License #231643

    Listing date Mar 2, 2026

    MLS# 100518650

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rockingham, NC Land Opportunity

    This 55.97-acre property, located in Rockingham, North Carolina, is zoned RR and presents a prime opportunity for various uses. It could be used for a custom-built home in the country or a new subdivision in Richmond County. The possibilities are unlimited.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Department Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rockingham
    County
    Richmond
    State
    North Carolina
    Longitude
    -79.720817
    Latitude
    34.944397

    Nearby Similar for Sale

    • $1,200,000
      1,650 SF

      Rockingham Convenience Store Investment Opportunity

      High-traffic convenience store with new pumps and loyal customer base.
      824 E Broad Street Sq, Rockingham, NC 28379
      View Details
    • $913,000
      9,000 SF

      Rockingham Retail and Warehouse Space

      9,000 SF mixed-use building in Rockingham's retail hub.
      1708 E Broad Ave, Rockingham, NC 28379
      View Details
    • $399,900
      6,240 SF

      Retail Building with Tenant Income

      Retail building with beauty supply business and computer repair store.
      436 E Broad Ave, Rockingham, NC 28379
      View Details
    • $940,000
      11,500 SF

      Retail Space on Broad Avenue

      Retail location on Broad Avenue, Rockingham, NC for sale.
      646 E Broad Ave, Rockingham, NC 28379
      View Details
    • $319,000
      1,548 SF

      Office Space Near Richmond Hospital

      Office space with high visibility near US Highway 1.
      922 S Long Dr, Rockingham, NC 28379
      View Details
    • $250,000
      4,110 SF

      Versatile Office Building For Sale

      Office building with flexible spaces and convenient parking.
      315 S Lawrence St, Rockingham, NC 28379
      View Details
    • $160,000
      1,667 SF

      Rockingham Duplex For Sale

      Duplex in Rockingham, NC with tenants in place.
      107 &109 Edwards Cir, Rockingham, NC 28379
      View Details
    • $913,000
      9,000 SF

      Rockingham Industrial Space - Great Value

      Spacious industrial building, 9,000 sq ft, 0.62 acres. Excellent price.
      1708 Broad Ave, Rockingham, NC 28379
      View Details
    • $299,900
      6,240 SF

      Rockingham Retail Space - Great Location

      High-traffic retail space, 6,240 sq ft, 0.93 acres.
      436 Broad Ave, Rockingham, NC 28379
      View Details
    • $345,000
      1,986 SF

      Rockingham Mixed-Use Property Investment

      12-Acre Mixed-Use Opportunity in Rockingham, NC
      118 Dozier Ln, Rockingham, NC 28379
      View Details
    • $479,000
      10,192 SF

      Rockingham Commercial Building Opportunity

      10,000+ SF, 0.69 Acres, Great Price!
      858 Rockingham Rd, Rockingham, NC 28379
      View Details
    • $265,900
      5,748 SF

      Rockingham Industrial Building Opportunity

      Spacious industrial building, 0.33 acres.
      2008 Fayetteville Rd, Rockingham, NC 28379
      View Details

    FAQs

    What type of property is this?
    Land - 55.97 acres of land suitable for development.
    Where is this land located?
    The property is located at 757 E Washington Street Ext Rockingham, NC.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - Prime property with unlimited possibilities; - Potential for a new subdivision; - Suitable for a custom-built home
    (910) 206-2207
    Request Owner's contact information
    757 E Washington Street Ext Rockingham, NC 28379
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    757 E Washington Street Ext
    Rockingham, NC 28379
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    757 E Washington Street Ext Rockingham, NC 28379
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Beverly McFayden
    Beverly McFayden
    Real Estate License ID: 231643
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!