Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Timberland with Dual Road Frontage Title is generated by Realmo AI

    1012 S Halifax, Rocky Mount, NC 27803

    View on Map
    Claim this Listing
    For Sale
    $275,000

    20 acres of unrestricted timberland with utilities in Rocky Mount.

    Type:Land or Vacant Lot
    Lot size:
    20.00 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    123
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 1012 S Halifax

    General Information

    Standard status
    Active
    Lot size
    20.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JACKSON SOBOCINSKI

    Listing agent JACKSON SOBOCINSKI

    Listing office NC LAND AND FARMS INC

    Listing date Feb 2, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NC LAND AND FARMS INC

    HighLights

    • Approximately 20 acres of unrestricted land with dual road frontage on S Halifax Rd and Bethlehem Rd.
    • Readily available city water, gas, and electricity.
    • Excellent hunting and wildlife habitat with wetlands and swamp area.
    • Healthy mixture of hardwoods and pines, offering timber value.
    • Potential for long‑term land investment or recreational retreat.
    • Easy access to Rocky Mount, I‑95, and surrounding areas.

    Overview

    Located in Rocky Mount, NC, this property features approximately 20 acres of unrestricted timberland. The land benefits from dual road frontage on S Halifax Rd and Bethlehem Rd, offering access and visibility. City water, gas, and electricity are available. The property is mostly wooded, creating a scenic natural setting with a mix of pines and hardwoods. Approximately 10 acres consist of wetlands and swamp area, providing a habitat for waterfowl, deer, and other small game. This property is suited for outdoor enthusiasts and nature lovers. It offers potential as a long-term land investment, recreational retreat, or a homesite with acreage. The location provides easy access to Rocky Mount and I-95, as well as surrounding areas. Approximate distances include 5 miles to Rocky Mount, 18 miles to Wilson, 23 miles to Tarboro, 27 miles to Bunn, 32 miles to Zebulon, 33 miles to Louisburg, 47 miles to Wake Forest, and 55 miles to Raleigh. Timber rights will not convey.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.8715
    Latitude
    35.9642

    Nearby Similar for Sale

    • $399,000
      11,680 SF

      Versatile Commercial Facility with Yard

      11,680 SF facility with flexible zoning and fenced yard.
      130 S Fairview Road, Rocky Mount, NC 27801
      View Details
    • $369,000
      2,260 SF

      High-Visibility Commercial Building on Busy Corridor

      Commercial building on 0.54-acre lot with expansion potential.
      1505 E Raleigh Boulevard, Rocky Mount, NC 27801
      View Details
    • $899,000

      Rocky Mount Development Opportunity

      3-acre commercial land parcel in Rocky Mount, North Carolina.
      2445 Hunter Hill Road, Rocky Mount, NC 27804
      View Details
    • $375,000

      Commercial Land in Rocky Mount

      Three parcels of commercial land in a highly accessible location.
      1259 Independence Drive, Rocky Mount, NC 27804
      View Details
    • $625,000
      10,000 SF

      Versatile Building in Rocky Mount, NC

      Adaptable commercial building suitable for various uses in Rocky Mount.
      420 Paul Street, Rocky Mount, NC 27803
      View Details
    • $139,000
      2,164 SF

      Rocky Mount Commercial Investment Opportunity

      Commercial building with four retail units and income potential.
      215 W Bassett Street, Rocky Mount, NC 27803
      View Details
    • $198,000

      Rocky Mount Land For Sale

      2.98 acres of land in high-traffic location.
      2286 Benvenue Road, Rocky Mount, NC 27804
      View Details
    • $299,500

      Prime Commercial Land Opportunity

      Commercial land with high traffic and development flexibility in Rocky Mount.
      2613 Sunset Avenue, Rocky Mount, NC 27804
      View Details
    • $150,000
      1,367 SF

      Restaurant Space with Expansion Potential

      Commercial space ideal for restaurant or business with expansion options.
      601-603 N Pine Street, Rocky Mount, NC 27804
      View Details
    • $305,000
      60,000 SF

      Rocky Mount Warehouse Opportunity

      60,000 sq ft warehouse on 1.77 acres in Rocky Mount.
      801 Gold St, Rocky Mount, NC 27804
      View Details
    • $300,000

      Highway Frontage Land Parcel

      6.56-acre parcel with frontage on Highway 301.
      Wesleyan Boulevard, Rocky Mount, NC 27803
      View Details
    • $550,000

      Rocky Mount Land For Sale

      1.3 acre commercial land available in Rocky Mount, NC.
      Goldrock Rd, Rocky Mount, NC 27804
      View Details

    FAQs

    What type of property is this?
    Land - 20 acres of unrestricted timberland with utilities in Rocky Mount.
    Where is this land located?
    The property is located at 1012 S Halifax Rocky Mount, NC.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Approximately 20 acres of unrestricted land with dual road frontage on S Halifax Rd and Bethlehem Rd.; Readily available city water, gas, and electricity.; Excellent hunting and wildlife habitat with wetlands and swamp area.
    (704) 650-6258
    We can help!
    Listing Contact
    JACKSON SOBOCINSKI
    Learn More
    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.
    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
    1012 S Halifax, Rocky Mount, NC 27803
    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!