Showroom Flex
For Sale
$419,000
500 S Wesleyan Blvd, Rocky Mount, NC 27803
A mixed showroom, office, and heated work area is served by rear roll-up access and fenced rear space.
Property Size4,690 SF
Price / SF$89.34
Days on Market8
Property Features for 500 S Wesleyan Blvd
General Information
Standard status
Active
Size
4,690 SF
Property subtype
Commercial
Zoning
B-5
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Amenities
two bathrooms
rear roll-up door
fenced space
Building Details
Year Built
1983
Buildings
1
Building Size
4,690 SF
Listing Agency:
Moorefield Real Estate LLC
Listed By:
Kenny Bullard · License #172451
(252) 452-3243
Source:
Yournorthcarolinahomesource
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 21 at 2:08AM
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 Moorefield Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,690-square-foot flex building combines showroom and retail areas with office, meeting, preparation, and heated warehouse or workspace areas. The open plan allows for varied interior arrangements. Two bathrooms, a rear roll-up door, and fenced area behind the building add practical features. The roof was replaced in 2017.
Positioned along Highway 301 South in Rocky Mount, the property sits in an established commercial corridor with automotive services, retail businesses, and professional services nearby. Parking includes designated spaces and additional options. The property is identified as B-5 zoning, with commercial and professional uses subject to local zoning approval.
Positioned along Highway 301 South in Rocky Mount, the property sits in an established commercial corridor with automotive services, retail businesses, and professional services nearby. Parking includes designated spaces and additional options. The property is identified as B-5 zoning, with commercial and professional uses subject to local zoning approval.
Key Highlights
- 4,690 square feet of flex space
- Showroom, retail, office, meeting, preparation, and heated warehouse or workspace areas
- Rear roll‑up door provides warehouse access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,953
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,060
$739.1K
Cap Rate 7%
$527,900
$527.9K
Cap Rate 9%
$410,589
$410.6K
Market Conditions
NOI Build-Up for 4,690 SF
Gross rent
$47.3K $10.08/SF
− Vacancy
−$3.8K −$0.81/SF
EGI
$43.5K $9.27/SF
− OpEx
−$6.5K −$1.39/SF
NOI
$37.0K $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 Rate 5%
$739,060
Cap Rate 7%
$527,900
Cap Rate 9%
$410,589
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.45M
NOI $86,757 @ 7.0% cap · market cap 20.71%
Second Best
Warehouse
$527.9K
$461.9K – $615.9K
NOI $36,953 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,239 @ 7.0% cap · market cap 25.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Mobile Feast LLC — 3005 Ridgecrest Dr, Rocky Mount, NC 27803
Frequently Asked Questions
What type of property is this?
Flex space - A mixed showroom, office, and heated work area is served by rear roll-up access and fenced rear space.
Where is this flex space located?
The property is located at 500 S Wesleyan Blvd Rocky Mount, NC.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 4,690 square feet of flex space; Showroom, retail, office, meeting, preparation, and heated warehouse or workspace areas; Rear roll‑up door provides warehouse access
