Commercial Warehouse on Large
For Sale
$449,900
Pending
2747 Business Park Dr, Rocky Mount, NC 27804
Versatile warehouse with offices, roll-up doors, and ample parking.
Property Size5,200 SF
Lot Size1.15 Acres
Days on Market82
Property Features for 2747 Business Park Dr
General Information
Standard status
Pending
Size
5,200 SF
Lot size
1.15 Acres
Listing Agency:
Boone, Hill, Allen & Ricks
(252) 266-9900
Listed By:
Michael L Allen · License #192069
(252) 266-9900
Source:
Exprealty
Added: May 18
Changed: Jul 10
Last Checked: Jul 31 at 12:46PM
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 Boone, Hill, Allen & Ricks
Investment Insights
Based on property information with market context.
This commercial warehouse offers approximately 5,200 square feet of space on a 1.15-acre lot. The property includes two offices, two bathrooms, and two roll-up doors. The large lot provides ample parking and storage space. It is suitable for contractors, distribution, light industrial, automotive, or service-based businesses.
Key Highlights
- 5,200 sq ft warehouse on 1.15 acres
- Two roll‑up doors for efficient loading
- Ample parking/storage space on large lot
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
$40,971
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
9.11%
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%
$819,420
$819.4K
Cap Rate 7%
$585,300
$585.3K
Cap Rate 9%
$455,233
$455.2K
Market Conditions
NOI Build-Up for 5,200 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
$52.4K $10.08/SF
− Vacancy
−$4.2K −$0.81/SF
EGI
$48.2K $9.27/SF
− OpEx
−$7.2K −$1.39/SF
NOI
$41.0K $7.88/SF
Area
Nash County, NC
Vacancy
8.04%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
15.00%
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%
$819,420
Cap Rate 7%
$585,300
Cap Rate 9%
$455,233
Alternative Uses
Best Use
Warehouse
$585.3K
$512.1K – $682.9K
NOI $40,971 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $120,010 @ 7.0% cap · market cap 26.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Easy Self Storage of Rocky Mount — 2700 N Wesleyan Blvd, Rocky Mount, NC 27804
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile warehouse with offices, roll-up doors, and ample parking.
Where is this warehouse located?
The property is located at 2747 Business Park Dr Rocky Mount, NC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 5,200 sq ft warehouse on 1.15 acres; Two roll‑up doors for efficient loading; Ample parking/storage space on large lot
