Commercial Real Estate Market in Ellerbe, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 97 off-market properties in Ellerbe, NC.
Market Trends
Ellerbe, NC spans 147.0 square miles in Richmond County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ellerbe, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Ellerbe, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Ellerbe, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Ellerbe, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Ellerbe, NC has 3,811 residents in 1,771 households. Density runs 26 people per square mile. Median household income here is $58,666 and median gross rent $600 a month.
3,811
Population
1,771
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
82%
High-School Grad
147 sq mi
ZIP Area
26
Density / Sq Mi
$58,666
Median Household Income
$39,671
Median Earnings
$600
Median Rent
$161,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Norman | — | — |
| Marston | — | — |
| Rockingham | — | $13.96 |
| Wind Blow | — | — |
Commercial property in Ellerbe, NC asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ellerbe?
Commercial property in Ellerbe, NC asks an average of $10 per square foot.
Where does Realmo's Ellerbe market data come from?
Realmo compiles Ellerbe, NC figures from 3 recent recorded sales, 12 active sale listings, 97 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 0 active for-lease listings in Ellerbe, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
