Freestanding Building on 2.52
For Sale
$2,200,000
1690 Benvenue Rd, Rocky Mount, NC 27804
4,997 SF commercial building on 2.52 acres in Rocky Mount.
Property Size4,997 SF
Price / SF$440.26
Days on Market267
Property Features for 1690 Benvenue Rd
General Information
Standard status
Active
Size
4,997 SF
Property subtype
Retail
Building Details
Building Size
4,997 SF
Year Built
2010
Listing Agency:
(919) 576-2501
Listed By:
Moss Withers · License #262680
(919) 576-2501
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 17
Last Checked: Aug 20 at 5:12AM
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 Moss Withers
Investment Insights
Based on property information with market context.
A 4,997 square foot standalone commercial building is available for sale in Rocky Mount. Situated on a 2.52-acre site, this property is suitable for a quick service or fast-casual restaurant. Constructed in 2010, the building includes 45 parking spaces. The property benefits from its location on a busy commercial corridor, offering full access from both Benvenue Road, which experiences 23,000 vehicles per day, and Goldrock Road, with a traffic count of 10,000 vehicles per day. This provides convenient entry and exit for customers.
Key Highlights
- High‑traffic location on a busy commercial corridor with excellent visibility.
- Full access from two major roads: Benvenue Road (23,000 VPD) and Goldrock Road (10,000 VPD).
- Standalone 4,997 SF building ideal for quick service or fast casual restaurant.
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
$92,436
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
4.20%
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%
$1,848,720
$1.8M
Cap Rate 7%
$1,320,514
$1.3M
Cap Rate 9%
$1,027,067
$1.0M
Market Conditions
NOI Build-Up for 4,997 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
$140.9K $28.20/SF
− Vacancy
−$8.9K −$1.77/SF
EGI
$132.1K $26.43/SF
− OpEx
−$39.6K −$7.93/SF
NOI
$92.4K $18.50/SF
Area
Nash County, NC
Vacancy
6.29%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,848,720
Cap Rate 7%
$1,320,514
Cap Rate 9%
$1,027,067
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,436 @ 7.0% cap · market cap 4.20%
Second Best
Specialty Retail
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,325 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
497k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 26%
Dining 24%
Superstores 20%
Apparel 17%
Walmart
Superstores
97,473 visits/mo
0.3 miles
Chick-fil-A
Dining
57,986 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
27,825 visits/mo
0.4 miles
Burlington
Apparel
25,668 visits/mo
0.2 miles
Dunham's Sports
Apparel
24,508 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?
Drive through restaurant - 4,997 SF commercial building on 2.52 acres in Rocky Mount.
Where is this drive through restaurant located?
The property is located at 1690 Benvenue Rd Rocky Mount, NC.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑traffic location on a busy commercial corridor with excellent visibility.; Full access from two major roads: Benvenue Road (23,000 VPD) and Goldrock Road (10,000 VPD).; Standalone 4,997 SF building ideal for quick service or fast casual restaurant.
