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    711 North Madison Boulevard Roxboro, NC 27573

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    For Lease
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    Retail spaces for lease in Roxboro's prime retail corridor.

    Type:SCR-COM, SCR-STREET
    Property size:
    13,191 SF
    Added:
    Oct 26, 2025
    Days on Market:
    165
    Last Refresh:
    Apr 3 at 4:56 am

    Property Features for 711 North Madison Boulevard

    General Information

    Standard status
    Active
    Size
    13,191 SF
    Property subtype
    SCR-COM, SCR-STREET

    Spaces For Lease

    at 711 North Madison Boulevard Contact us

    We can help!

    Listing Contact
    Vandan Gandhi
    Vandan Gandhi

    Listing agent Vandan Gandhi License #247850

    Listing office KW Commercial | Durham Southpoint | Vandan Gandhi

    Listing date Oct 26, 2025

    Source Realnex

    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 KW Commercial | Durham Southpoint | Vandan Gandhi

    Overview

    Roxboro Retail Center Spaces Available

    This 13,191 SF retail center is located along Roxboro’s prime Madison Boulevard/US Route 501, which has a traffic count of 21,500 VPD. Spaces range from 1,037 SF to 8,500 SF. Unit 711, which is approximately 2,324 SF, is suitable for a drive-thru or QSR. Unit 713, which is approximately 3,184 SF, features a roll-up door (10’x11’) and is suitable for service, fitness, or light industrial users. Unit 715, which is approximately 2,324 SF, provides an open layout ready for custom build-out. Unit 717, which is approximately 3,182 SF, is well-suited for a medspa, studio, or brewpub and includes a roll-up door. Units 715 and 717 may be combined for a total of approximately 5,509 SF, making it suitable for a restaurant or bar concept. Unit 719, which is 1,037 SF, is currently leased to GREAT CLIPS and offers outdoor dining potential. The adjoining Unit 721, which is approximately 1,261 SF, is available for lease and suitable for a salon or boutique retail user. Each space offers approximately 15’ ceilings, dark shell delivery stubbed for plumbing, and new 200-amp panels. The landlord has installed new gas, sewer, and electric lines, plus a roof less than 3 years old. HVAC (split units) and three-phase power are available. Zoned B1 and strategically located, this property is ideal for QSRs, medspas, salons, and fitness concepts.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 1005 N Madison Blvd, Roxboro, NC 27573
    • Madison Corners — Madison Corners Shopping Center, N Madison Blvd, Roxboro, NC 27573
    • Person Plaza — 754 N Madison Blvd, Roxboro, NC 27573
    • Piedmont Square Shopping Center — N Madison Blvd, Roxboro, NC 27573

    Location Insight

    • Map
    • Local Demand
    City
    Roxboro
    County
    Person
    State
    North Carolina
    Longitude
    -78.978807
    Latitude
    36.405335

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    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease in Roxboro's prime retail corridor.
    Where is this shopping center located?
    The property is located at 711 North Madison Boulevard Roxboro, NC.
    What are key features of this property?
    This property features: Prime location on Madison Boulevard/US Route 501 with high traffic volume (21,500 VPD); Flexible spaces available, ranging from 1,037 SF to 8,500 SF; New infrastructure including gas, sewer, electric lines, and a roof less than 3 years old
    (919) 475-5769
    We can help!
    Listing Contact
    Vandan Gandhi
    Vandan Gandhi
    Real Estate License ID: 247850
    Learn More
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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.

    More about this property
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