Building Details

Building Size 19,509 SF

Year Built 1976

Listing Agency: Eggleston Real Estate Consulting Inc

Listed By: Tammy Eggleston · License #295289 Show Phone

Source: Egglestonrealestate

Added: Apr 4, 2025 Changed: Oct 23 Last Checked: Oct 23 at 3:20PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eggleston Real Estate Consulting Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex property contains 19,509 square feet, with offices and a conference room at the front, an open central area, and warehouse space at the rear. Three loading docks serve the building. The site also includes a 100-by-48-foot open-air shelter with multiple bays and a paved parking area. Built in 1976, the property occupies more than 4 acres on North Madison Boulevard in Roxboro, North Carolina.

Key Highlights

• 19,509‑square‑foot flex property on more than 4 acres
• Three loading docks at the rear of the building
• Front offices and conference room, central open area, and rear warehouse

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$138,797

Cap Rate

6.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,775,940 $2.8M

Cap Rate 7%

$1,982,814 $2.0M

Cap Rate 9%

$1,542,189 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,509 SF

Gross rent

$175.6K $9.00/SF

− Vacancy

−$12.3K −$0.63/SF

EGI

$163.3K $8.37/SF

− OpEx

−$24.5K −$1.26/SF

NOI

$138.8K $7.11/SF

Area

Person County, NC

Vacancy

7.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,775,940

Cap Rate 7%

$1,982,814

Cap Rate 9%

$1,542,189

Alternative Uses

Best Use

Industrial

$3.68M

$3.22M – $4.30M (±1% cap)

NOI $257,799 @ 7.0% cap · market cap 12.89%

Second Best

Flex RnD

$3.45M

$3.02M – $4.02M (±1% cap)

NOI $241,418 @ 7.0% cap · market cap 12.07%

Theoretical Best

Office A

$6.30M

$5.51M – $7.35M (±1% cap)

NOI $440,977 @ 7.0% cap · market cap 22.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Person County Farmers ... Specialty Food Shop Person Industries Social Service Agency

Suggested Use

Top Pick Bakery Computer & Electronic Repair Grocery & Convenience Store Carpet & Flooring Store Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Dock-high doors

Location Intelligence

Trade Area within ½ mile

570

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 27573, NC

11,017

Population

5,748

Households

1.9

Avg Household Size

41

Median Age

20%

College-Educated

87%

High-School Grad

17.3 sq mi

ZIP Area

637

Density / Sq Mi

$44,234

Median Household Income

$29,496

Median Earnings

$761

Median Rent

$159,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Heavy-Industrial Warehouse Facility

2300 Old Durham Road, Roxboro, NC 27573

$6,500,000

131,458 SF

View details

Established American Restaurant

625 N Madison Blvd, Roxboro, NC 27573

$3,000,000

6,500 SF

View details

Medical Office Investment Opportunity

107 Weeks Drive, Roxboro, NC 27573

Contact for pricing

8,667 SF

View details

Mixed-Use Building with Upstairs Residence

117 N Main Street, Roxboro, NC 27573

Contact for pricing

5,940 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - A paved parking area and a separate multi-bay shelter complement the building’s office, open, and warehouse areas.

Where is this flex space located?

The property is located at 601 N Madison Boulevard Roxboro, NC.

What is the asking price?

The asking price for this property is $1,999,900.

What are key features of this property?

This property features: 19,509‑square‑foot flex property on more than 4 acres; Three loading docks at the rear of the building; Front offices and conference room, central open area, and rear warehouse