Flex Space with
New
For Sale
$419,000
500 S Wesleyan Boulevard, Rocky Mount, NC 27803
Commercial Sale, Rocky Mount, NC
Property Size4,690 SF
Lot Size0.58 Acres
Price / SF$89.34
Days on Market1
Property Features for 500 S Wesleyan Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B5
Parking features
Garage
Subdivision
Not In Subdivision
Lot features
Cleared, Rectangular Lot
Directions
Hwy 301 South from Sunset Avenue. Take Hwy 301 South towards Wilson and building will be on the right side of 301 with other business.
Standard status
Active
APN
3840-19-60-1191
Size
4,690 SF
Lot size
0.58 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
4 lt 1234 blk 2 500 S Wesleyan blvd
Tax Annual Amount
4109
Legal Description
4 lt 1234 blk 2 500 S Wesleyan blvd
Utilities
Heating system
Propane (Heating), Electric (Heating)
Water source
Public
Building Details
Year built
1983
Roof type
Composition, Shingle
Listing Agency:
Moorefield Real Estate LLC
(252) 442-8900
Listed By:
Kenny Bullard · License #172451
(252) 452-3243
Added: Oct 16
Last Checked: Oct 16 at 7:06PM
MLS# 100610734
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 4,690-square-foot flex property offers a mix of showroom, retail, office, meeting, and preparation areas alongside heated warehouse or work space. A rear roll-up door provides access to the work area, and the building includes two bathrooms. The 0.58-acre site also has designated and additional parking, plus fenced space behind the building.
Set along Highway 301 South in Rocky Mount’s established commercial corridor, the property is among automotive, retail, and professional service businesses. The building dates to 1983, with a roof installed in 2017. B-5 zoning is identified for the property; commercial and professional uses are subject to local zoning approval.
Set along Highway 301 South in Rocky Mount’s established commercial corridor, the property is among automotive, retail, and professional service businesses. The building dates to 1983, with a roof installed in 2017. B-5 zoning is identified for the property; commercial and professional uses are subject to local zoning approval.
Key Highlights
- 4,690‑square‑foot building on a 0.58‑acre parcel
- Showroom, retail, office, meeting, preparation, and heated warehouse or work areas
- Rear roll‑up door and two bathrooms
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.
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Property Analytics
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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
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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 - B-5-zoned commercial space combines customer-facing areas with heated workspace and rear loading access.
Where is this flex space located?
The property is located at 500 S Wesleyan Boulevard 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‑foot building on a 0.58‑acre parcel; Showroom, retail, office, meeting, preparation, and heated warehouse or work areas; Rear roll‑up door and two bathrooms
