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    1101 Rockingham Rd Rockingham, NC 28379

    Sponsored
    For Sale
    $585,000

    Prime Rockingham, NC funeral home with land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,360-square-foot funeral home situated on a substantial 3.79-acre lot in Rockingham, North Carolina. Built in 1970, the single-story building boasts 100% occupancy and offers significant potential for future growth. The property features 1,040 square feet of covered parking, providing ample space for visitors and staff. The strategic location on Rockingham Road benefits from commercial zoning, while the rear portion of the property, zoned for residential use, adjoins a multi-family development, suggesting further development possibilities. The asking price is $585,000, translating to a land value of $174.11 per square foot. The property's mixed-use zoning (Mixed Use, Residential, Commercial) allows for a variety of potential uses, making it an attractive investment for both seasoned and emerging entrepreneurs. The current tenant has no credit rating. This unique offering combines a stable, income-generating asset with significant upside potential for future expansion or redevelopment. The substantial lot size and flexible zoning provide a rare opportunity to capitalize on the growing needs of the community. Serious inquiries are encouraged.

    Property Features for 1101 Rockingham Rd

    General Information

    Property type
    Specialty properties
    Lot Size
    165,092 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1

    HighLights

    • 3,360 SF funeral home on a 3.79‑acre lot in Rockingham, NC.
    • 1,040 SF of covered parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mc Neill Funeral ... Funeral Home

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockingham
    County
    Richmond
    State
    North Carolina
    Longitude
    -79.7545984
    Latitude
    34.9287983

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    FAQs

    What type of property is this?
    Specialty property - Prime Rockingham, NC funeral home with land.
    Where is this specialty property located?
    The property is located at 1101 Rockingham Rd Rockingham, NC.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: 3,360 SF funeral home on a 3.79-acre lot in Rockingham, NC.; 1,040 SF of covered parking.;
    (910) 295-1801
    Request Owner's contact information
    1101 Rockingham Rd Rockingham, NC 28379
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    Rockingham, NC 28379
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    Realmo Value Estimation

    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.

    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.

    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
    1101 Rockingham Rd Rockingham, NC 28379
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