Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4000 S Hathaway Blvd Rocky Mount, NC 27803

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.46 acre vacant parcel zoned B-1 in Rocky Mount.

    Lot size:
    0.46 Acres

    Property Features for 4000 S Hathaway Blvd

    General Information

    Standard status
    Active
    Zoning
    B-1
    Lot size
    0.46 Acres

    We can help!

    Listing Contact
    Diego Munoz
    Source: Crexi

    Listing Agency: KW Commercial Raleigh Listing Agent: Diego Munoz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Rocky Mount Vacant Commercial Parcel

    Located at 4000 S Hathaway Blvd in Rocky Mount, this 0.46 acre vacant parcel is zoned B-1 Neighborhood Commercial District. It presents a flexible opportunity for owner users, investors, and small scale developers. The previous structure has been removed, and the lot has been cleared and graded, creating a clean, well-maintained vacant site ready for development. The B-1 district is designed to support local retail and personal service businesses that serve the daily needs of surrounding residential neighborhoods. Permitted uses include convenience retail, grocery, restaurant concepts, medical and dental offices, professional offices, childcare centers, financial institutions, health and wellness studios, and a variety of residential configurations including multifamily and live work concepts. The zoning encourages cohesive development with adequate off-street parking, landscaping, and screening, making it ideal for a thoughtfully designed single tenant building, boutique retail strip, medical office, or owner-occupied commercial space. With its manageable size, flexible use profile, and vacant status, the property provides a clean slate for development tailored to neighborhood demand.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Hotel & Motel Garden Center Grocery & Convenience Store Shopping Center & Mall Plumbing Service Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.8581
    Latitude
    35.9126

    Nearby Similar for Sale

    • $849,900
      9,000 SF

      Versatile Commercial Building Near I-95

      9,000 SF commercial building on 3 acres near I-95.
      2040 Fenner Rd, Rocky Mount, NC 27804
      View Details
    • $485,000
      11,680 SF

      Rocky Mount Commercial Facility

      11,680 SF commercial facility with flexible zoning and fenced yard.
      130 S Fairview Rd, Rocky Mount, NC 27801
      View Details
    • $625,000
      10,000 SF

      Versatile Building in Rocky Mount, NC

      Adaptable commercial building suitable for various uses in Rocky Mount.
      420 Paul St, Rocky Mount, NC 27803
      View Details
    • New
      $150,000
      1,367 SF

      Restaurant Space with Expansion Potential

      Commercial space ideal for restaurant or business with expansion options.
      601-603 N Pine St, Rocky Mount, NC 27804
      View Details
    • $369,000
      2,260 SF

      High-Visibility Commercial Building on Busy Corridor

      Commercial building on 0.54-acre lot with expansion potential.
      1505 E Raleigh Blvd, Rocky Mount, NC 27801
      View Details
    • New
      $159,000
      2,164 SF

      Rocky Mount Commercial Investment Opportunity

      Commercial building with four retail units, strong income potential.
      215 W Bassett St, Rocky Mount, NC 27803
      View Details
    • $560,000
      4,810 SF

      Retail Corner Near Rocky Mount Mills

      Five-unit retail property with restaurant space near mixed-use development.
      901 Falls Rd, Rocky Mount, NC 27804
      View Details
    • $249,900
      1,650 SF

      Downtown Office Duplex For Sale

      Downtown office duplex with five offices on each side.
      411/413 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $205,000
      0.34 Acres

      Prime Land on Sunset Avenue

      High-traffic location ideal for office, medical, or service businesses.
      2705 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $550,000
      2,600 SF

      Retail/Showroom with Attached Warehouse

      Retail/showroom space with attached warehouse in a prime location.
      1241 Independence Dr, Rocky Mount, NC 27804
      View Details
    • New
      $89,500
      2,037 SF

      Rocky Mount Duplex with Income

      Duplex in Rocky Mount featuring two units for versatile living.
      1412 Old Wilson Rd, Rocky Mount, NC 27801
      View Details
    • $89,500
      2,037 SF

      Rocky Mount Duplex For Sale

      Well-designed duplex with versatile living spaces and income potential.
      1412 Old Wilson Rd, Rocky Mount, NC 27801
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.46 acre vacant parcel zoned B-1 in Rocky Mount.
    Where is this commercial land located?
    The property is located at 4000 S Hathaway Blvd Rocky Mount, NC.
    What are key features of this property?
    This property features: - Vacant 0.46 acre parcel, cleared and graded, ready for development.; - Zoned B-1 Neighborhood Commercial District, allowing for diverse uses.; - Permitted uses include retail, restaurant, medical/professional offices, childcare, and residential.
    Request Owner's contact information
    4000 S Hathaway Blvd Rocky Mount, NC 27803
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4000 S Hathaway Blvd
    Rocky Mount, NC 27803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4000 S Hathaway Blvd Rocky Mount, NC 27803
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Diego Munoz
    Real Estate License ID: 273250
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!