Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    481 Broad Ave Rockingham, NC 28379

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    481 Broad Ave Rockingham, NC 28379

    View on Map
    • Retail properties & Spaces
    • 36,291 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Food Lion / Grocery & Convenience Store / Food Market
    • Coinstar Kiosk - Bitcoin ATM / Atm / Currency Exchange Service
    • Primo Water Exchange / Big Box & Wholesale Store
    • Western Union / Bank / Credit Union

    Property Details for 481 Broad Ave

    Property size
    36,291 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Broadview Plaza, located at 481 E Broad Ave, Rockingham, NC 28379, offers 36,291 square feet of prime retail space currently available for lease. This multi-tenant property provides flexible space options, with units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 24,615 square feet. The property boasts a strategic location in a bustling area of Rockingham, ensuring high visibility and convenient access for customers and employees. Its proximity to major roadways and public transportation enhances accessibility. Modern amenities include high-speed internet and ample parking, contributing to a secure and efficient business environment. The customizable interiors allow businesses to tailor the space to their specific branding and operational needs. Broadview Plaza offers a supportive business community, fostering collaboration and attracting a diverse customer base. Leasing terms are competitive, designed to support business growth and success. This property presents a unique opportunity for businesses seeking a high-traffic, easily accessible location in a thriving Rockingham community. The entire 36,291 square feet is currently vacant, presenting a blank canvas for a single large tenant or the opportunity to create a vibrant retail center with multiple businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rockingham
    County
    Richmond
    State
    North Carolina
    Longitude
    -79.7689
    Latitude
    34.9337

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      710 Caroline St

      Individual retail properties • 6,000 SF
      710 Caroline St, Rockingham, NC 28379
      View Details
    • Value Estimation by Request
      5,780 SF

      714 Us 74 Hwy

      Restaurants • 5,780 SF
      714 Us 74 Hwy, Rockingham, NC 28379
      View Details
    • Value Estimation by Request
      1,200 SF

      1262 Broad Ave

      Retail properties & Spaces • 1,200 SF
      1262 Broad Ave, Rockingham, NC 28379
      View Details
    • Value Estimation by Request
      4,695 SF

      473 Broad Ave

      Automotive properties • 4,695 SF
      473 Broad Ave, Rockingham, NC 28379
      View Details
    • Value Estimation by Request
      1,876 SF

      2210 Us-1

      Individual retail properties • 1,876 SF
      2210 Us-1, Rockingham, NC 28379
      View Details
    • Value Estimation by Request
      6,240 SF

      436 Broad Ave

      Retail properties & Spaces • 6,240 SF
      436 Broad Ave, Rockingham, NC 28379
      View Details

    Similar Nearby for Sale

    • $299,900
      6,240 SF

      Rockingham Retail Space - Great Location

      High-traffic retail space, 6,240 sq ft, 0.93 acres.
      436 Broad Ave, Rockingham, NC 28379
      View Details
    • Contact for pricing
      6,000 SF

      Event Venue with Development Potential

      Two-story house on 2.31 acres, ideal for various businesses.
      710 S Caroline St, Rockingham, NC 28379
      View Details
    • $399,900
      6,240 SF

      Retail Building with Tenant Income

      Retail building with beauty supply business and computer repair store.
      436 E Broad Ave, Rockingham, NC 28379
      View Details
    • $479,000
      10,192 SF

      Rockingham Commercial Building Opportunity

      10,000+ SF, 0.69 Acres, Great Price!
      858 Rockingham Rd, Rockingham, NC 28379
      View Details
    • Contact for pricing
      8,930 SF

      Commercial Property on Broad Avenue

      Commercial property featuring a vacant lot and multiple buildings.
      408 E Broad Ave, Rockingham, NC 28379
      View Details
    • $1,200,000
      1,650 SF

      Rockingham Convenience Store Investment Opportunity

      High-traffic convenience store with new pumps and loyal customer base.
      824 E Broad Street Sq, Rockingham, NC 28379
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Building Under Construction

      57,806 sq ft retail building with additional space for lease.
      1210 Rockingham Rd, Rockingham, NC 28379
      View Details
    • $3,000 /Mo
      1,300 SF

      Rockingham Commercial Space For Rent

      Renovated 1,300 SF commercial space with drive-through and patio.
      505 S Hancock St, Rockingham, NC 28379
      View Details
    • Contact for pricing

      Highway 74 Shopping Center Space

      Retail space with high visibility and traffic on Highway 74.
      1206 Rockingham Rd, Rockingham, NC 28379
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for rent in Rockingham, NC.
      125 Biltmore Dr, Rockingham, NC 28379
      View Details
    • $9,000 /Mo
      9,000 SF

      Rockingham Retail and Warehouse Space

      9,000 SF retail/warehouse space in Rockingham's retail hub.
      1708 E Broad Ave, Rockingham, NC 28379
      View Details
    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.
    481 Broad Ave
    Rockingham, NC 28379
    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

    Thank You for Inquiry

    481 Broad Ave, Rockingham, NC, 28379

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!