Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    118 Murphy St Madison, NC 27025
    Back to Search
    Property profile & analytics

    118 Murphy St, Madison, NC 27025

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 118 Murphy St

    Property type
    Office Spaces

    Description

    This exceptional office space, located at 118 W Murphy Street Unit A in Madison, NC, presents a fantastic opportunity for businesses seeking a convenient and highly visible location. Situated on the first floor, this unit boasts excellent street-facing exposure, ensuring maximum visibility for your business. The layout is straightforward and functional, designed to accommodate a variety of professional uses, including administrative offices, consulting firms, or small retail ventures. Large windows flood the space with natural light, creating a welcoming and productive environment for both employees and clients. Ample parking is readily available, ensuring convenient access for staff and visitors alike. The property offers easy access to major roadways, enhancing accessibility for clients and employees. This space is ready for immediate occupancy in December 2024, and the rental rate is highly competitive for the Madison area. This is an ideal location for businesses seeking a blend of functionality, visibility, and accessibility to thrive in the heart of Madison. The property is for rent only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.9606
    Latitude
    36.3878

    Comparable in this City

    • Value Estimation by Request
      3,899 SF

      714 Highway St

      Medical Office Space
      714 Highway St, Madison, NC 27025
      View Details
    • Value Estimation by Request
      1,600 SF

      110 Franklin St

      OFFICE BUILDING
      110 Franklin St, Madison, NC 27025-1916
      View Details
    • Value Estimation
      $2,640,000
      38,694 SF

      302 Hwy St

      OFFICE BUILDING
      302 Hwy St, Madison, NC 27025-1672
      View Details
    • Value Estimation
      $775,000
      4,585 SF

      4626 Nc Hwy 704

      OFFICE BUILDING
      4626 Nc Hwy 704, Madison, NC 27025-8298
      View Details
    • Value Estimation by Request
      3,104 SF

      201 Market St

      OFFICE BUILDING
      201 Market St, Madison, NC 27025-2125
      View Details
    • Value Estimation
      $810,000
      4,813 SF

      200 Old Covered Brg Rd

      OFFICE BUILDING
      200 Old Covered Brg Rd, Madison, NC 27025-7856
      View Details

    Similar Nearby for Sale

    • $300,000
      1.06 Acres

      Commercial Property in Madison, NC

      Commercial property for sale in Madison, North Carolina.
      421 N Highway St, Madison, NC 27025
      View Details
    • Contact for pricing
      4,628 SF

      122 Acres with Highway Frontage

      Versatile 122-acre property with highway and river frontage.
      6193 Us Highway 220, Madison, NC 27025
      View Details
    • Contact for pricing

      Renovated Income-Producing Office Suites

      Four renovated office suites in downtown Madison, NC, with guaranteed income.
      108 Franklin St, Madison, NC 27025
      View Details
    • Contact for pricing

      Renovated Income-Producing Office Suites

      Four renovated office suites in downtown Madison, NC, with guaranteed income.
      108 Franklin St, Madison, NC 27025
      View Details
    • Contact for pricing

      Commercial Lot in Growing Area

      Prime commercial lot with high visibility and easy access.
      Arthur Dr, Madison, NC 27025
      View Details
    • Contact for pricing
      5,508 SF

      Madison NC Specialty Property

      Specialty property available for sale in Madison, North Carolina.
      108 N Franklin St, Madison, NC 27025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      101,980 SF

      Madison Warehouse and Distribution Space

      Warehouse and distribution space available for lease in Madison, NC.
      4742 Nc 704 Rd, Madison, NC 27025
      View Details
    • Contact for pricing
      20,980 SF

      Industrial Space in Madison, NC

      20,980 SF industrial property available for lease.
      3520 Us Highway 220, Madison, NC 27025
      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.
    118 Murphy St
    Madison, NC 27025
    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
    118 Murphy St, Madison, NC, 27025
    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!