Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    707 S Main St Burlington, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office and retail space in downtown Burlington with parking.

    Type:RETAIL
    Property size:
    10,625 SF
    Lot size:
    2.25 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    450
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 707 S Main St

    General Information

    Standard status
    Active
    Size
    10,625 SF
    Lot size
    2.25 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 707 S Main St Contact us

    We can help!

    Listing Contact
    Howard Hawks, CCIM
    Howard Hawks, CCIM

    Listing agent Howard Hawks, CCIM

    Listing office NAI Piedmont Triad

    Listing date Feb 5, 2025

    Source Moodyscre

    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 NAI Piedmont Triad

    Overview

    Downtown Burlington Building For Rent

    This property, formerly the Burlington Times News Building, offers approximately 10,625 square feet of retail and office space. It features a dedicated parking lot, supplemented by available on-street parking. The property is situated in a downtown location. The interior includes over 20 dedicated offices and two large, open bullpen areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Times-News Advertising Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Alamance
    State
    North Carolina
    Longitude
    -79.4408
    Latitude
    36.0914

    Nearby Similar for Lease

    • $5,000/Mo

      Versatile Commercial Space on N Church

      Functional office, production, and storage space in Burlington, NC.
      509 N Church Street, Burlington, NC 27217
      View Details
    • $60,000 SF/Yr

      Burlington Commercial Space For Lease

      4,000 SF commercial space with loading dock and parking.
      1609 S Church Street, Burlington, NC 27215
      View Details
    • $2,800/Mo

      Retail Space in Burlington, NC

      Retail space suitable for office, daycare, restaurant, or garden center.
      2211 Edgewood Avenue, Burlington, NC 27215
      View Details
    • Sponsored
      Contact for pricing

      NC, Burlington - S Main St

      500 Main St, Burlington, NC 27215
      View Details
    • $12 SF/Yr

      Well-Maintained Office Building For Sale

      8,800 SF office building near hospital and highway.
      2961 Crouse Ln, Burlington, NC
      View Details
    • $25,550 SF/Yr

      Burlington Manufacturing and Warehouse Space

      Manufacturing and warehouse space with highway access in Burlington, NC.
      201 N Cobb Avenue, Burlington, NC 27217
      View Details
    • $60,000 SF/Yr

      Retail Space on Church Street

      Retail space available for rent on Church Street.
      1609 S Church Street, Burlington, NC 27215
      View Details
    • Contact for pricing

      Alamance Crossing Retail Opportunity

      Retail space in a high-traffic, open-air shopping center.
      1080 Piper Lane, Burlington, NC, 27215
      View Details
    • Contact for pricing

      Burlington Office Space For Rent

      42,639 SF built-out office space, former call center.
      309 Huffman Mill Road | Burlington, NC 27215, NC 27215
      View Details
    • $3,500/Mo

      Established Dental Practice Space

      Dental practice space available for lease, furnished or unfurnished.
      291 N Graham Hopedale Rd, Burlington, NC
      View Details
    • Contact for pricing

      Mixed-Use Development in Burlington, NC

      Proposed mixed-use development with commercial and residential spaces for lease.
      3849 Rural Retreat Rd, Burlington, NC 27215
      View Details
    • $9 SF/Yr

      Burlington Industrial Space Available

      24,000 square foot industrial property for lease.
      2832 Troxler Rd, Burlington, NC
      View Details

    FAQs

    What type of property is this?
    Retail space - Office and retail space in downtown Burlington with parking.
    Where is this retail space located?
    The property is located at 707 S Main St Burlington, NC.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Excellent downtown location; Dedicated parking lot plus on street parking available; ±10,625 SF
    (336) 516-2458 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Howard Hawks, CCIM
    Howard Hawks, CCIM
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!