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    Flexible Retail and Office Space Title is generated by Realmo AI

    561 Airport Road, Rockingham, NC 28379

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    For Lease
    $1,300/Mo $15 SF/Yr (calc)

    COMMERCIAL - Rockingham, NC

    Property size:
    980 SF
    Lot size:
    0.57 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for 561 Airport Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    HC
    Parking features
    Paved or Surfaced
    Standard status
    Active
    APN
    747101196874
    Size
    980 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LT 19 & BEAUTY SHOP AIRPOR
    Tax Annual Amount
    371
    Expense value
    1300
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Jill McLester
    Jill McLester

    Listing agent Jill McLester License #180210

    Listing office Pine & Palm Real Estate Group 220 E Washington St, Rockingham, NC

    Listing date Jun 5, 2026

    MLS# 100579546

    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.

    HighLights

    • Commercial building built in 1981 on busy Airport Road with paved/surfaced parking.
    • Zoned Highway Commercial, suited for owner‑user or investor concepts.
    • Former barber shop layout with open workspace plus separated rooms suitable for salon, retail, office, or service uses.
    • Includes 1 bathroom and functional room separation for flexible business configurations.
    • On Airport Road near established businesses, including storage units across the street, a restaurant next door, and a nearby gas station.

    Overview

    This flexible commercial space was formerly operated as a barber shop and includes additional rooms that were used for tanning beds. The interior offers open workspace areas plus functional room separation, allowing the layout to be adapted for salon, retail, office, or service-based concepts. The building includes one bathroom to support everyday customer or client traffic.

    Located at 561 Airport Road in Rockingham, the property is positioned for drive-by exposure on a busy thoroughfare. It benefits from nearby established businesses, including storage units across the road, a restaurant next door, and a gas station nearby, supporting a steady mix of commercial activity.

    With Highway Commercial (HC) zoning, this property is well suited for an owner-user looking for a straightforward setup that can serve different tenant types. It also fits investors or operators seeking a compact, multi-room configuration on a visible road frontage corridor, where the existing room structure can reduce buildout complexity for compatible uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Hair Salon Auto Repair Shop Food Market Storage Facility HVAC Service Grocery & Convenience Store Garden Center Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockingham
    County
    Richmond
    State
    North Carolina
    Longitude
    -79.761526
    Latitude
    34.901199

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    FAQs

    What type of property is this?
    Retail space - Flexible interior layout with separated rooms and one bathroom on busy Airport Road for a range of service and office uses.
    Where is this retail space located?
    The property is located at 561 Airport Road Rockingham, NC.
    What is the lease rate?
    The lease rate is $1,300 /Mo.
    What are key features of this property?
    This property features: Commercial building built in 1981 on busy Airport Road with paved/surfaced parking.; Zoned Highway Commercial, suited for owner‑user or investor concepts.; Former barber shop layout with open workspace plus separated rooms suitable for salon, retail, office, or service uses.
    (910) 206-5663
    We can help!
    Listing Contact
    Jill McLester
    Jill McLester
    Real Estate License ID: 180210
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    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.

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