Corner-Lot Flex
For Sale
$150,000
323 Trevathan Street, Rocky Mount, NC 27804
Open layout supports studio, light manufacturing, office, retail, and service uses.
Property Size1,500 SF
Price / SF$100
Days on Market268
Property Features for 323 Trevathan Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Zoning
I-2
Taxes and HOA fees
Annual Taxes
$992
Amenities
Concrete,Vinyl
No
Yes
8
Corner Lot
Public
0.26
0.0
76X150 .26 AC
Vinyl Siding
Private,On Street
Slab
City Street,State Road
1500.0
Building Details
Year Built
1975
Listing Agency:
The Rich Company
(843) 301-0013
Listed By:
Julie Potts · License #39051
(843) 252-2691
Source:
Baystreetrealtygroup
Added: Jan 21
Changed: Oct 15
Last Checked: Oct 16 at 6:10AM
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 The Rich Company
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Investment Insights
Based on property information with market context.
Built in 1975, this 1,500-square-foot flex property features an open interior currently arranged for photography and woodworking. The adaptable configuration provides a practical setting for creative production, light manufacturing, retail, office, or service-oriented operations.
The building occupies a corner lot with a sizable side yard that adds outdoor utility and may support future accessory improvements such as a garage, storage shed, or expanded work area. The property also offers direct access and visibility, with Rocky Mount Mills located minutes away amid dining, entertainment, and other commercial activity.
The building occupies a corner lot with a sizable side yard that adds outdoor utility and may support future accessory improvements such as a garage, storage shed, or expanded work area. The property also offers direct access and visibility, with Rocky Mount Mills located minutes away amid dining, entertainment, and other commercial activity.
Key Highlights
- 1,500‑square‑foot flex property built in 1975
- Current photography studio and woodworking shop configuration
- Open, adaptable interior layout
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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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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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 layout supports studio, light manufacturing, office, retail, and service uses.
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‑foot flex property built in 1975; Current photography studio and woodworking shop configuration; Open, adaptable interior layout
