Rocky Mount Industrial Buildings For
For Sale
$1,550,000
3209 S Church St, Rocky Mount, NC 27803
Two industrial buildings with fenced yard near Hwy. 301.
Property Size12,800 SF
Lot Size4.81 Acres
Price / SF$121.09
Days on Market165
Property Features for 3209 S Church St
General Information
Standard status
Active
Size
12,800 SF
Lot size
4.81 Acres
Property subtype
Industrial
Building Details
Year Built
1946
Listing Agency:
Lee & Associates | Raleigh
(919) 906-0524
Listed By:
Scott Hadley · License #102540
(919) 906-0524
Source:
Lee-associates
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 18 at 6:20AM
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 Lee & Associates | Raleigh
Investment Insights
Based on property information with market context.
Two industrial buildings are available for sale, featuring a fenced and gated yard. The property provides a service area suitable for repair and service operations, complemented by ample yard space. Gas is available on-site, and the I-2 zoning accommodates heavy industrial users. The location in Rocky Mount, just off Hwy. 301 South, provides access to Rocky Mount, Wilson, Greenville, Interstate 95, and Hwy. 64. The property includes approximately 4.81 acres. The main warehouse has an area of approximately 12,800 square feet, including an office and a 12-foot grade-level door on the end. It features gas and 800 AMP, 600 volt, 3-phase power. The main warehouse includes a finished office area. Attached to the main warehouse is an enclosed service warehouse of approximately 5,320 square feet with an 18-foot clearance, a 2-ton crane inside, two 18-foot grade-level doors on the front, one 18-foot grade-level door on the rear, and one 18-foot grade-level door on the side leading to a covered service area with open sides. The covered shed service area measures approximately 1,680 square feet. Restrooms off the main warehouse occupy approximately 675 square feet. The rear warehouse provides 16,650 square feet with approximately 1,317 square feet of outside dock area.
Key Highlights
- Heavy industrial (I‑2) zoning
- Excellent location: Just off Hwy. 301 South with access to Rocky Mount, Wilson, Greenville, Interstate 95 and Hwy. 64
- Significant power supply: 800 AMP, 600 volt, 3‑phase power in main warehouse
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
$100,853
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
6.51%
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%
$2,017,060
$2.0M
Cap Rate 7%
$1,440,757
$1.4M
Cap Rate 9%
$1,120,589
$1.1M
Market Conditions
NOI Build-Up for 12,800 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
$129.0K $10.08/SF
− Vacancy
−$10.4K −$0.81/SF
EGI
$118.7K $9.27/SF
− OpEx
−$17.8K −$1.39/SF
NOI
$100.9K $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%
$2,017,060
Cap Rate 7%
$1,440,757
Cap Rate 9%
$1,120,589
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,853 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,408 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27803, NC
20,882
Population
10,079
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
41.9 sq mi
ZIP Area
498
Density / Sq Mi
$59,647
Median Household Income
$38,154
Median Earnings
$889
Median Rent
$168,600
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
- Pridgen Motor Company — 1700 N Wesleyan Blvd, Rocky Mount, NC 27804
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings with fenced yard near Hwy. 301.
Where is this warehouse located?
The property is located at 3209 S Church St Rocky Mount, NC.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Heavy industrial (I‑2) zoning; Excellent location: Just off Hwy. 301 South with access to Rocky Mount, Wilson, Greenville, Interstate 95 and Hwy. 64; Significant power supply: **800 AMP, 600 volt, 3‑phase power in main warehouse**
