Office
For Sale
$279,000
Pending
500 Leasburg Rd, Roxboro, NC 27573
Commercial Sale, Roxboro, NC
Property Size1,476 SF
Lot Size0.43 Acres
Days on Market697
Property Features for 500 Leasburg Rd
General Information
Property type
Commercial Sale
Property subtype
Office
Standard status
Pending
Size
1,476 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
27/5
Tax Annual Amount
154593
Legal Description
27/5
Building Details
Year built
1979
Listing Agency:
RE/MAX Premier Realty · RE/MAX International
(336) 597-8000
Listed By:
James Poindexter · License #273810
(336) 504-5555
Added: Sep 23, 2024
Changed: Aug 19
Last Checked: Aug 20 at 9:06PM
MLS# 10058742
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes a 1,476-square-foot commercial building constructed in 1979. The improvements occupy a 0.43-acre parcel and are positioned for business use.
The property is located at 500 Leasburg Rd in Roxboro, North Carolina, within Person County and ZIP code 27573.
The property is located at 500 Leasburg Rd in Roxboro, North Carolina, within Person County and ZIP code 27573.
Key Highlights
- 1,476‑square‑foot office building
- 0.43‑acre commercial parcel
- Constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,900
$455.9K
Cap Rate 7%
$325,643
$325.6K
Cap Rate 9%
$253,278
$253.3K
Market Conditions
NOI Build-Up for 1,476 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.8K $24.96/SF
− Vacancy
−$6.4K −$4.37/SF
EGI
$30.4K $20.59/SF
− OpEx
−$7.6K −$5.15/SF
NOI
$22.8K $15.44/SF
Area
Person County, NC
Vacancy
17.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,900
Cap Rate 7%
$325,643
Cap Rate 9%
$253,278
Alternative Uses
Best Use
Office B
$325.6K
$284.9K – $379.9K
NOI $22,795 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.6K
$417.0K – $556.1K
NOI $33,363 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with an established building and accompanying land area.
Where is this office building located?
The property is located at 500 Leasburg Rd Roxboro, NC.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,476‑square‑foot office building; 0.43‑acre commercial parcel; Constructed in 1979
