Sign Up Successful!
You now have access to more from Realmo!
    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

    924 Durham Rd Roxboro, NC 27573

    Sponsored
    For Sale
    $1,794,871

    2,030 SF Roxboro, NC Retail Building

    Property size:
    2,030 SF

    Property Features for 924 Durham Rd

    General Information

    Property type
    Restaurants
    Square Feet
    2,030 SF
    Price / Square Foot
    $884
    Class
    B
    Elevators
    N/A
    Net Rentable
    2,030 SF
    Lot Size
    43,996 SF
    Net Operating Income
    $105,000

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    1

    Overview

    Freestanding Popeyes Restaurant Investment Opportunity

    This property features a freestanding Popeyes restaurant located at 924 Durham Rd, Roxboro, NC 27573. The 2,030 square foot building is situated on a 1.01-acre lot. The property has a brand-new, 20-year absolute NNN lease with built-in rent increases of 10% every five years, extending through four 5-year option periods. It is located directly across from a Walmart Supercenter, ensuring high visibility and consistent traffic. The site benefits from access at the signalized intersection of Durham Road and Oxford Road, experiencing over 40,000 vehicles daily. This location is part of a dense retail corridor, surrounded by national retailers including Dollar Tree, Verizon, AT&T, Jersey Mike's, AutoZone, Burger King, Sherwin Williams, Bojangles, Wells Fargo, McDonald's, Wendy's, CVS Pharmacy, Tractor Supply Company, Family Dollar, Walgreens, O'Reilly Auto Parts, Dollar General, and Pizza Hut. The property has been occupied since 2020.

    We can help!

    Listing Contact
    John R Wertz

    Learn more

    Property Insight Report

    HighLights

    • Brand new Popeyes with a 20‑year absolute NNN lease.
    • Located across from a Walmart Supercenter in a high‑traffic area.
    • Offers a low price point under $1.8M with strong tenant occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Roxboro
    State
    North Carolina
    Longitude
    -78.982958
    Latitude
    36.378978

    Nearby Comparable

    • $710,000
      2.14 Acres

      Roxboro Commercial Land Opportunity

      2.14 acre commercial site with utilities and pole barn.
      75 Weeks Dr, Roxboro, NC 27573
      View Details
    • $1,225,000
      3.50 Acres

      Roxboro Commercial Development Opportunity

      3.5 acre commercial site in growing Roxboro, North Carolina.
      75 Weeks Dr, Roxboro, NC 27573
      View Details
    • $515,000
      1.36 Acres

      Prime Roxboro Commercial Development Site

      1.36 acre commercial site in growing Roxboro, NC.
      75 Weeks Dr, Roxboro, NC 27573
      View Details
    • Contact for pricing
      1 SF

      Roxboro Redevelopment Opportunity on US 501

      Prime 1.7-acre corner lot with redevelopment potential near Durham.
      25 Weeks Dr, Roxboro, NC 27573
      View Details
    • Contact for pricing
      1 SF

      Prime Roxboro Commercial Development Site

      1.36 acre commercial land ideal for retail or service businesses.
      75 Weeks Dr, Roxboro, NC 27573
      View Details
    • Contact for pricing
      2 SF

      Prime Roxboro Commercial Development Opportunity

      2.14-acre site with pole barn, ideal for commercial development.
      75 Weeks Dr, Roxboro, NC 27573
      View Details
    • Contact for pricing
      18.30 Acres

      Roxboro, NC Development Land

      Five lots, 18.3 acres, prime retail location.
      0 Durham Rd And Industrial Dr, Roxboro, NC 27573
      View Details
    • $350,000
      29.75 Acres

      Roxboro Commercial Land Opportunity

      29.75 Acres, Prime Location, $350,000
      Durham Rd, Roxboro, NC 27573
      View Details
    • $279,000
      Pending

      Commercial Building in Roxboro, NC

      Commercial building with excellent visibility and accessibility in Roxboro.
      500 Leasburg Rd, Roxboro, NC 27573
      View Details
    • $1,908,200
      Pending

      Commercial Land in Roxboro, NC

      16.12 acres of commercial land available for development.
      Durham Rd, Roxboro, NC 27573
      View Details
    • $2,775,000
      18.00 Acres

      Durham Rd: 18-Acre Development Land

      Prime Roxboro, NC residential land. Exceptional future development potential.
      0 Durham Rd, Roxboro, NC 27574
      View Details

    Nearby Similar for Sale

    • $279,000
      Pending

      Commercial Building in Roxboro, NC

      Commercial building with excellent visibility and accessibility in Roxboro.
      500 Leasburg Rd, Roxboro, NC 27573
      View Details
    • $616,000
      56.00 Acres

      Roxboro Farm with Rolling Hills

      56-acre farm with open fields and hardwood trees in Roxboro.
      Lewis Winstead Loop Rd, Roxboro, NC 27573
      View Details
    • $525,000
      2.00 Acres

      Roxboro Retail Space - Huge Potential

      Spacious retail building, ample parking, great storage.
      50 Virgilina Hwy, Roxboro, NC 27573
      View Details
    • $325,000
      5.00 Acres

      Roxboro Commercial Land Opportunity

      Five-acre commercial lot, prime location.
      Durham Rd, Roxboro, NC
      View Details
    • $350,000
      29.75 Acres

      Roxboro Commercial Land Opportunity

      29.75 Acres, Prime Location, $350,000
      Durham Rd, Roxboro, NC 27573
      View Details
    • $425,000
      1.00 Acre

      Roxboro Commercial Property - Huge Potential

      Prime Roxboro location, versatile B2 zoning.
      715 Ridge Rd, Roxboro, NC 27573
      View Details
    • $69,500
      0.38 Acres

      Roxboro Commercial Lot - Main Street

      Prime 0.38-acre commercial lot, ideal for development.
      1100 Main St, Roxboro, NC 27573
      View Details

    FAQs

    What type of property is this?
    Restaurant - 2,030 SF Roxboro, NC Retail Building
    Where is this restaurant located?
    The property is located at 924 Durham Rd Roxboro, NC.
    What is the asking price?
    The asking price for this property is $1,794,871.
    What are key features of this property?
    This property features: Brand new Popeyes with a 20-year absolute NNN lease.; Located across from a Walmart Supercenter in a high-traffic area.; Offers a low price point under $1.8M with strong tenant occupancy.
    (619) 218-6427
    Request Owner's contact information
    924 Durham Rd Roxboro, NC 27573
    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.
    924 Durham Rd
    Roxboro, NC 27573
    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
    924 Durham Rd Roxboro, NC 27573
    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
    John R Wertz
    (619) 218-6427
    Learn more
    Google sign-in failed. Please try again or use another login method.