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    51-Acre Office Campus Available Title is generated by Realmo AI

    720 Western Blvd, Tarboro, NC 27886

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    Office campus with existing building and build-to-suit opportunity.

    Type:Office
    Property size:
    106,693 SF
    Added:
    Nov 21, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 6 at 12:16 am

    Property Features for 720 Western Blvd

    General Information

    Standard status
    Active
    Size
    106,693 SF
    Property subtype
    Office

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 720 Western Blvd Contact us

    We can help!

    Listing Contact
    Josh Taylor
    Josh Taylor

    Listing agent Josh Taylor License #NC #318210

    Listing office SVN | Efird Commercial Real Estate

    Listing date Nov 21, 2025

    Source Svn

    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 SVN | Efird Commercial Real Estate

    HighLights

    • 51‑acre office campus with existing 106,693 SF move‑in ready office/call center.
    • 23.57‑acre vacant adjacent site ready for build‑to‑suit opportunities.
    • Strategic location with access to air, ports, rail, and major highways (I‑95, future I‑87).
    • Proximity to the New CSX Carolina Connector Intermodal Facility in Rocky Mount, NC.
    • Economic development incentives available from NC State & Local programs (Grants, Tax Credits, Job Development).
    • Located within a day's drive of half the U.S. population.

    Overview

    This 51-acre office campus is located off Western Blvd and features two parcels. Parcel #1 includes 28.04 calculated acres with an existing 106,693 square-foot office and call center that is move-in ready. Parcel #2 consists of 23.57 calculated acres of vacant land, ready for a build-to-suit project. The owner, landlord, and developer will up-fit the existing building or custom build a new building to suit the buyer or tenant's requirements. Tarboro, in Edgecombe County, and its western neighbor, Nash County, are ideally located for businesses seeking international trade and global access, with convenient access to air, ports, rail, and major highways. Half of the U.S. population is within a day’s drive. The new CSX Carolina Connector Intermodal Facility is under construction in Rocky Mount, NC. The location is within a five-hour drive of four seaports: Norfolk, VA; Wilmington & Morehead City, NC; Charleston, SC; and Savannah, GA. It is also situated at the midpoint between Maine and Florida along I-95 and the future I-87, with international trucking facilities. Edgecombe County features the largest, shovel-ready mega-site in North Carolina: Kingsboro CSX Select Site, a 1,449-acre site strategically located just off US Highway 64 and 10 minutes east of Interstate I-95. The Rocky Mount MSA has a population of 147,335, Edgecombe County has a population of 53,332, and Nash County has a population of 94,003. Economic development incentives are available from NC State & Local programs, including grants, tax credits, and job development. North Carolina has the lowest corporate tax rate in the United States. The site is 50 minutes from the NC Global Transpark, a 2,500-acre park that can accommodate the world’s largest aircraft, 90 minutes from Raleigh-Durham International Airport, and 90 minutes from Research Triangle Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Century Link Mobile Phone Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarboro
    County
    Edgecombe
    State
    North Carolina
    Longitude
    -77.5555
    Latitude
    35.893

    FAQs

    What type of property is this?
    Office building - Office campus with existing building and build-to-suit opportunity.
    Where is this office building located?
    The property is located at 720 Western Blvd Tarboro, NC.
    What are key features of this property?
    This property features: 51‑acre office campus with **existing 106,693 SF move‑in ready office/call center.**; 23.57‑acre vacant adjacent site ready for build‑to‑suit opportunities.; Strategic location with access to air, ports, rail, and major highways (I‑95, future I‑87).
    (252) 670-9590
    We can help!
    Listing Contact
    Josh Taylor
    Josh Taylor
    Real Estate License ID: NC #318210
    Learn More
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    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.

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