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    108 Franklin St Madison, NC 27025

    For Sale
    $560,000

    Income-producing, renovated office suites.

    Property size:
    5,508 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity awaits with this renovated 5,508 square foot office building located at 108 N Franklin St, Madison, NC 27025. Built in 1974 and extensively renovated in 2020, this single-story property boasts four individual office suites, each with its own separate entrance, currently leased at $1,000 per month, generating a gross monthly income of $4,000. Tenants are under a three-year lease, providing guaranteed income for the investor. The interior remodel included updated HVAC systems (heat pumps/central air). Ample parking is available for tenants and clients. The property is zoned TCDMD and enjoys a prime downtown location, within walking distance of local shops and restaurants. Its convenient proximity to I-73/220 (approximately 2 miles) further enhances its appeal. The asking price is $560,000. Private showings are available by appointment only

    Property Features for 108 Franklin St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,508 SF

    Building Details

    Year Built/Renovated
    1974/2020
    Stories
    1
    Units
    4

    HighLights

    • Renovated 5,508 sq ft office building in Madison, NC.
    • Four individual office suites, each with a separate entrance, currently leased for $1,000/month each.
    • $4,000 gross monthly income from three‑year leases.
    • Updated HVAC (heat pumps/central air) and ample parking.
    • Prime downtown location near I‑73/220, zoned TCDMD.
    • Asking price: $560,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Madison
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.9614011
    Latitude
    36.3881122

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    FAQs

    What type of property is this?
    Office Property / Space - Income-producing, renovated office suites.
    Where is this office property / space located?
    The property is located at 108 Franklin St Madison, NC.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: Renovated 5,508 sq ft office building in Madison, NC.; Four individual office suites, each with a separate entrance, currently leased for $1,000/month each.; $4,000 gross monthly income from three-year leases.
    Request Owner's contact information
    108 Franklin St Madison, NC 27025
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    Madison, NC 27025
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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
    108 Franklin St Madison, NC 27025
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