Versatile Corner Lot Flex
323 Trevathan St Rocky Mount, NC 27804
323 Trevathan St, Rocky Mount, NC, 27804
Contact for pricing
For Sale
Contact for pricing
Flex/industrial building offers an open layout configured for a photography studio and woodworking shop.
Property Size1,500 SF
Price / SF$100
Days on Market114
Property Features for 323 Trevathan St
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1975
Listing agency
Foote Real Estate Group
Listed by
P.J. Roberson · License #NC 295899
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 2:50PM Checked: Jul 21 at 2:50PM
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 Foote Real Estate Group
Investment Insights
Based on property information with market context.
This versatile commercial building offers an adaptable open layout currently configured as a photography studio and woodworking shop. The space is designed to support a range of business uses, including creative studios, light manufacturing, retail, office, or service-based operations.
The property sits on a corner lot with a spacious side yard, providing outdoor area that may support additions such as a garage, storage shed, or extra workspace. The building also benefits from excellent visibility and access.
Located just minutes from Rocky Mount Mills, the site places daily needs and entertainment options within reach for customers and staff.
The property sits on a corner lot with a spacious side yard, providing outdoor area that may support additions such as a garage, storage shed, or extra workspace. The building also benefits from excellent visibility and access.
Located just minutes from Rocky Mount Mills, the site places daily needs and entertainment options within reach for customers and staff.
Key Highlights
- 1,500 sq ft commercial space with an open, adaptable layout for many business uses.
- Currently configured as a photography studio and woodworking shop.
- Corner lot with a spacious side yard for adding a garage, storage shed, or extra workspace.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.1k | $10.08 |
| − Vacancy | −$1.2k | −$0.81 |
| EGI | $13.9k | $9.27 |
| − OpEx | −$4.2k | −$2.78 |
| NOI | $9.7k | $6.49 |
1,500 SF · lease $10.08/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Office B
$416.1K
$364.1K – $485.4K
NOI $29,126 @ 7.0% cap · market cap 19.42%
Second Best
Retail
$396.4K
$346.9K – $462.5K
NOI $27,748 @ 7.0% cap · market cap 18.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kingdom Restorations, Ltd.
Home Decor Store
Similar For Sale Nearby
Similar Off Market Nearby
- Taylor Jr's Catering — 1100 star st, rocky mount, nc 27804
FAQs
What type of property is this?
Flex space - Flex/industrial building offers an open layout configured for a photography studio and woodworking shop.
Where is this flex space located?
The property is located at 323 Trevathan St 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 sq ft commercial space with an open, adaptable layout for many business uses.; Currently configured as a photography studio and woodworking shop.; Corner lot with a spacious side yard for adding a garage, storage shed, or extra workspace.
