Industrial Flex
2040 Fenner Road, Rocky Mount, NC 27804
For Sale
$835,000
Commercial Sale, Rocky Mount, NC
Property Size9,000 SF
Lot Size3.00 Acres
Price / SF$92.78
Days on Market159
Property Features for 2040 Fenner Road
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Currently Operating
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Heart To Homes Realty LLC
Listed By:
Michelle Stewart · License NC #300481
(252) 406-4479
Added: Jun 5
Changed: Oct 30
Last Checked: Nov 10 at 5:06PM
MLS# 100579356
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,000-square-foot flex facility occupies 3 acres and was constructed in 2014 with a steel-frame design, metal siding, and a metal roof. The interior includes approximately 800 square feet of office and administrative area alongside 8,200 square feet of flexible space. The property is currently used as a dance studio and includes multiple HVAC systems, central air, public water and sewer, and a 10' x 10' overhead door.
I-2 Heavy Industrial zoning supports the commercial and industrial uses identified for the property, including manufacturing, fabrication, warehousing, distribution, contractor operations, industrial services, trade schools, fitness, equipment service, and indoor recreation. Paved parking is supplemented by gravel parking and storage areas. The facility is located minutes from I-95 and US Highway 64 in Rocky Mount, North Carolina.
I-2 Heavy Industrial zoning supports the commercial and industrial uses identified for the property, including manufacturing, fabrication, warehousing, distribution, contractor operations, industrial services, trade schools, fitness, equipment service, and indoor recreation. Paved parking is supplemented by gravel parking and storage areas. The facility is located minutes from I-95 and US Highway 64 in Rocky Mount, North Carolina.
Key Highlights
- 9,000‑square‑foot flex facility on 3 acres
- 8,200 square feet of flex space plus approximately 800 square feet of office area
- I‑2 Heavy Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,398
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,960
$1.2M
Cap Rate 7%
$834,257
$834.3K
Cap Rate 9%
$648,867
$648.9K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$90.7K $10.08/SF
− Vacancy
−$7.3K −$0.81/SF
EGI
$83.4K $9.27/SF
− OpEx
−$25.0K −$2.78/SF
NOI
$58.4K $6.49/SF
Area
Nash County, NC
Vacancy
8.04%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,960
Cap Rate 7%
$834,257
Cap Rate 9%
$648,867
Alternative Uses
Best Use
Industrial
$834.3K
$730.0K – $973.3K
NOI $58,398 @ 7.0% cap · market cap 6.99%
Second Best
Flex RnD
$711.7K
$622.7K – $830.3K
NOI $49,816 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,709 @ 7.0% cap · market cap 24.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Steel-frame flex property with office, adaptable work areas, paved parking, and I-2 heavy industrial zoning.
Where is this flex space located?
The property is located at 2040 Fenner Road Rocky Mount, NC.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 9,000‑square‑foot flex facility on 3 acres; 8,200 square feet of flex space plus approximately 800 square feet of office area; I‑2 Heavy Industrial zoning
