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    720 Western Blvd Tarboro, NC 27886

    Sponsored
    Source: https://svn.com
    For Sale
    Contact for pricing

    106,000 S.F. Office/Call Center - Subject to Lease & Build to Suit

    Property size:
    106,693 SF

    Description

    Added:
    May 15, 2025
    Days on Market:
    247
    Situated in a prime location in the Town of Tarboro, this 106,693 sq. ft. building is ready for a new occupant. Formerly an office for cable and utility users, this building is nestled on 29 acres of land. As a bonus, an approximately 23 acre parcel, under the same ownership, sits adjacent to the building. This offers a unique value-added opportunity to develop or expand an office campus.

    Location Description
    - Tarboro in Edgecombe County and its western neighbor, Nash County, are in prime location for any business looking for international trade and global access, with close access to air, ports, rail, and major highways.
    - Half of the U.S. population within a day’s drive.
    - New CSX Carolina Connector Intermodal Facility is under construction in Rocky Mount, NC.
    - Within a five-hour drive of four seaports: Norfolk, VA; Wilmington & Morehead City, NC; Charleston, SC; and Savannah, GA.
    - Midpoint between Maine and Florida located along I-95 and future I-87 with international trucking facilities.
    - Edgecombe County has the largest, shovel-ready mega-site in North Carolina: Kingsboro CSX Select Site, a 1,449 acre site strategically located in the heart of the eastern seaboard, just off US Highway 64, and 10 minutes east of Interstate I-95.
    - Workforce: Rocky Mount MSA Population 147,335 / Edgecombe County Population 53,332 / Nash County Population: 94,003
    - Economic Development incentives from NC State & Local programs: Grants, Tax Credits, Job Development
    - NC has the Lowest Corporate Tax Rate in the United States.
    - 50 minutes to the NC Global Transpark, a 2,500 acre park that can accommodate the world’s largest aircraft.
    - 90 minutes to Raleigh-Durham International Airport.
    - 90 minutes to Research Triangle Park, an epicenter of U.S. life sciences development.

    Property Features for 720 Western Blvd

    General Information

    Sale Condition
    build-to-suit
    Property type
    Office buildings
    Square Feet
    106,693 SF
    Class
    B
    Elevators
    N/A
    Lot Size
    1,001,880 SF

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    3

    HighLights

    • Over 500 cubicles plug‑in ready Approx 400 parking spaces with room to expand Building Generator Truck Height Loading Door On‑Site Fitness Center & Showers Board Room & Executive Suites Large Conference & 3 Training Classrooms Secured Front Door Locks Controlled by Reception Desk Halon Fire Suppression Dedicated Server and Network Rooms
    Location Intelligence

    Current Use by Public Records

    Century Link Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarboro
    State
    North Carolina
    Longitude
    -77.5490647
    Latitude
    35.891183

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      Tarboro Office Building - 106K SF

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    FAQs

    What type of property is this?
    Office building - 106,000 S.F. Office/Call Center - Subject to Lease & Build to Suit
    Where is this office building located?
    The property is located at 720 Western Blvd Tarboro, NC.
    What are key features of this property?
    This property features: Over 500 cubicles plug-in ready Approx 400 parking spaces with room to expand Building Generator Truck Height Loading Door On-Site Fitness Center & Showers Board Room & Executive Suites Large Conference & 3 Training Classrooms Secured Front Door Locks Controlled by Reception Desk Halon Fire Suppression Dedicated Server and Network Rooms
    (252) 670-9590
    Request Owner's contact information
    720 Western Blvd Tarboro, NC 27886
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    Tarboro, NC 27886
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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
    720 Western Blvd Tarboro, NC 27886
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