Corner-Lot Flex
323 Trevathan Street, Rocky Mount, NC 27804
For Sale
$150,000
Commercial Sale, Rocky Mount, NC
Property Size1,500 SF
Lot Size0.26 Acres
Price / SF$100
Days on Market294
Property Features for 323 Trevathan Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Foote Real Estate Group
(252) 314-8206
Listed By:
Patricia Judith Roberson · License NC #295899
(252) 452-6269
Added: Jan 21
Changed: Oct 30
Last Checked: Nov 10 at 5:06PM
MLS# 100550514
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot flex property is configured as a photography studio and woodworking shop, with a broad open interior that supports adaptable commercial use. The building has vinyl siding, wood-frame construction, concrete and vinyl flooring, central air, and forced-air heat fueled by natural gas. Public water serves the property, and on-street parking is available.
Positioned on a corner lot in Rocky Mount, the property includes a spacious side yard with room for potential additions such as a garage, storage shed, or supplementary workspace. The site is located minutes from Rocky Mount Mills and nearby dining, entertainment, and commercial activity. Zoning is I-2, and the building was constructed in 1975.
Positioned on a corner lot in Rocky Mount, the property includes a spacious side yard with room for potential additions such as a garage, storage shed, or supplementary workspace. The site is located minutes from Rocky Mount Mills and nearby dining, entertainment, and commercial activity. Zoning is I-2, and the building was constructed in 1975.
Key Highlights
- 1,500 square feet configured as a photography studio and woodworking shop
- I‑2 zoning
- 0.26‑acre corner lot with a spacious side yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,733
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,660
$194.7K
Cap Rate 7%
$139,043
$139.0K
Cap Rate 9%
$108,144
$108.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$15.1K $10.08/SF
− Vacancy
−$1.2K −$0.81/SF
EGI
$13.9K $9.27/SF
− OpEx
−$4.2K −$2.78/SF
NOI
$9.7K $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%
$194,660
Cap Rate 7%
$139,043
Cap Rate 9%
$108,144
Alternative Uses
Best Use
Office B
$416.1K
$364.1K – $485.4K
NOI $29,126 @ 7.0% cap · market cap 19.42%
Second Best
Industrial
$139.0K
$121.7K – $162.2K
NOI $9,733 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$494.5K
$432.7K – $577.0K
NOI $34,618 @ 7.0% cap · market cap 23.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Taylor Jr's Catering — 1100 star st, rocky mount, nc 27804
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout with concrete and vinyl flooring, central air, and natural gas forced-air heat.
Where is this flex space located?
The property is located at 323 Trevathan Street Rocky Mount, NC.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,500 square feet configured as a photography studio and woodworking shop; I‑2 zoning; 0.26‑acre corner lot with a spacious side yard
