Established American
For Sale
$3,000,000
625 N Madison Blvd, Roxboro, NC 27573
Commercial Sale, Roxboro, NC
Property Size6,500 SF
Lot Size0.63 Acres
Price / SF$461.54
Days on Market159
Property Features for 625 N Madison Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Underground/Basement
Standard status
Active
APN
0906-11-55-8553.000 use 35 93
Size
6,500 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Annual Amount
540042
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1953
Flooring type
Laminate
Listing Agency:
ARC REAL ESTATE LLC
Listed By:
Andre Cobbs · License #306940
(336) 210-6291
Added: Mar 28
Changed: Sep 2
Last Checked: Sep 2 at 8:06AM
MLS# 11681763
Copyright © 2026 My State 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 established American restaurant occupies a 6,500-square-foot property on 0.6315 acres in Roxboro. The building dates to 1953 and includes laminate flooring, electric heating, basement parking, and public water service. The business offers a menu centered on sandwiches and salads within a family-oriented restaurant setting.
Located at 625 N Madison Blvd, the property is in Person County and carries a 27573 ZIP code. The offering is presented with an 8% cap rate, while the source information also cites a 16% pro forma tied to a business plan. Seller financing is identified as an available option.
Located at 625 N Madison Blvd, the property is in Person County and carries a 27573 ZIP code. The offering is presented with an 8% cap rate, while the source information also cites a 16% pro forma tied to a business plan. Seller financing is identified as an available option.
Key Highlights
- 6,500‑square‑foot restaurant property on 0.6315 acres
- Established American restaurant business with sandwich and salad offerings
- 8% cap rate with 16% pro forma cited
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
$87,984
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
2.93%
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%
$1,759,680
$1.8M
Cap Rate 7%
$1,256,914
$1.3M
Cap Rate 9%
$977,600
$977.6K
Market Conditions
NOI Build-Up for 6,500 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
$124.8K $19.20/SF
− Vacancy
−$7.5K −$1.15/SF
EGI
$117.3K $18.05/SF
− OpEx
−$29.3K −$4.51/SF
NOI
$88.0K $13.54/SF
Area
Person County, NC
Vacancy
6.00%
Lease Rate
$19.20 /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%
$1,759,680
Cap Rate 7%
$1,256,914
Cap Rate 9%
$977,600
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $87,984 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,925 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
244k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 27%
Groceries 12%
Home Improvements & Furnishings 10%
Sheetz
Shops & Services
31,038 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
28,707 visits/mo
0.5 miles
McDonald's
Dining
27,617 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
27,252 visits/mo
0.2 miles
Cook Out
Dining
21,476 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant property with basement parking, laminate flooring, electric heat, and public water service.
Where is this conventional restaurant located?
The property is located at 625 N Madison Blvd Roxboro, NC.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 6,500‑square‑foot restaurant property on 0.6315 acres; Established American restaurant business with sandwich and salad offerings; 8% cap rate with 16% pro forma cited
