Retail Corner in Rocky
For Sale
Contact for pricing
901 Falls Road 901-909, Rocky Mount, NC 27804
Five-unit retail space with restaurant, high visibility, foot traffic.
Property Size4,810 SF
Price / SF$116.42
Days on Market895
Property Features for 901 Falls Road 901-909
General Information
Standard status
Active
Size
4,810 SF
Property subtype
Retail
Zoning
B-1
Lease Type
Gross
Building Details
Year Built
1910
Stories
2
Units
5
Listing Agency:
CENTURY 21 Triangle Group
(336) 906-9121
Listed By:
Ben Payne · License #311648
Source:
Crexi
Added: Mar 22, 2024
Changed: Aug 26
Last Checked: Aug 31 at 7:36PM
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 CENTURY 21 Triangle Group
Investment Insights
Based on property information with market context.
This property features a five-unit retail corner, including restaurant space, situated in Rocky Mount. The location benefits from high visibility and foot traffic. It is located blocks away from the Rocky Mount Mills mixed-use development. The property benefits from the synergy of nearby restaurants, breweries, retail spaces, and residences, attracting a diverse clientele. Ample parking is available, and the property offers easy access to major highways. The property size is 4810 square feet.
Key Highlights
- Prime corner location in the heart of Rocky Mount.
- Includes restaurant space.
- High visibility and foot traffic.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,600
$973.6K
Cap Rate 7%
$695,429
$695.4K
Cap Rate 9%
$540,889
$540.9K
Market Conditions
NOI Build-Up for 4,810 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.3K $14.40/SF
− Vacancy
−$4.4K −$0.91/SF
EGI
$64.9K $13.49/SF
− OpEx
−$16.2K −$3.37/SF
NOI
$48.7K $10.12/SF
Area
Nash County, NC
Vacancy
6.29%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$973,600
Cap Rate 7%
$695,429
Cap Rate 9%
$540,889
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,977 @ 7.0% cap · market cap 15.89%
Second Best
Specialty Retail
$695.4K
$608.5K – $811.3K
NOI $48,680 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,009 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
4,595 visits/mo
0.4 miles
Demographics for 27804, NC
28,707
Population
14,352
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
89%
High-School Grad
43.0 sq mi
ZIP Area
668
Density / Sq Mi
$58,837
Median Household Income
$36,445
Median Earnings
$977
Median Rent
$177,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Five-unit retail space with restaurant, high visibility, foot traffic.
Where is this retail space located?
The property is located at 901 Falls Road 901-909 Rocky Mount, NC.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Prime corner location in the heart of Rocky Mount.; Includes restaurant space.; High visibility and foot traffic.
