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    Versatile Commercial Asset with Income Title is generated by Realmo AI

    105 Marigold Street, Rocky Mount, NC 27801

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    For Sale
    $268,000

    5,184 SF commercial asset with income and value-add potential.

    Type:Commercial Sale / Mixed Use
    Property size:
    5,184 SF
    Price / SF:
    $51/SF
    Added:
    Jan 9, 2026
    Days on Market:
    143
    Last Refresh:
    May 13 at 9:46 pm

    Property Features for 105 Marigold Street

    General Information

    Standard status
    Active
    Size
    5,184 SF
    Property subtype
    Commercial Sale / Mixed Use

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Benjamin David Riegel

    Listing agent Benjamin David Riegel License #363368

    Listing office Braddock Realty

    Listing date Jan 9, 2026

    Source Compass

    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 Braddock Realty

    HighLights

    • High 9.07% Cap Rate with $24,320 NOI provides immediate cash flow.
    • Value‑add potential with a vacant warehouse unit.
    • Versatile property with three units suitable for various commercial uses.
    • Large vacant warehouse unit with garage door access, 3 bathrooms, and finished apartment/office area.
    • Existing tenants in Units 105 and 105A with Modified Gross leases.
    • Brick construction (both interior and exterior) and built in 1910.

    Overview

    This 5,184 SF commercial asset features three versatile units. The property currently generates $24,320 in NOI. Units 105 and 105A are occupied under Modified Gross leases, with tenants responsible for utilities. Unit 105B is a vacant, large open warehouse with garage door access. The warehouse includes three bathrooms and a finished apartment/office area equipped with a full bath, refrigerator, and washer/dryer. This property presents a strategic opportunity for those needing warehouse or storage space, with the potential for front tenants to offset the mortgage.
    Location Intelligence

    Current Use by Public Records

    Blender's Edge Barber Shop Erica Cooper Lounge ... Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    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
    -77.7958569
    Latitude
    35.9393032

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    FAQs

    What type of property is this?
    Mixed-use property - 5,184 SF commercial asset with income and value-add potential.
    Where is this mixed-use property located?
    The property is located at 105 Marigold Street Rocky Mount, NC.
    What is the asking price?
    The asking price for this property is $268,000.
    What are key features of this property?
    This property features: High 9.07% Cap Rate with $24,320 NOI provides immediate cash flow.; Value‑add potential with a vacant warehouse unit.; Versatile property with three units suitable for various commercial uses.
    (252) 969-0699
    We can help!
    Listing Contact
    Benjamin David Riegel
    Real Estate License ID: 363368
    Learn More
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    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
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