Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tbd Wesleyan Blvd Rocky Mount, NC 27804
    Back to Search
    Property profile & analytics

    Tbd Wesleyan Blvd Rocky Mount, NC 27804

    View on Map
    • Land
    • 5.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tbd Wesleyan Blvd

    Lot size
    5.53 lot acres
    Property type
    Land

    Description

    This exceptional 5.53-acre commercial land parcel presents a remarkable investment opportunity in Rocky Mount, North Carolina. Located in Nash County, near the intersection of Wesleyan Boulevard and major thoroughfares, this property boasts unparalleled accessibility. Its strategic position offers easy access to Interstate 95, US-64, and Highway 301, ensuring high visibility and convenient transportation links. The lot is zoned for commercial use, providing flexibility for a wide range of development projects. Its proximity to North Carolina Wesleyan University further enhances its appeal, presenting potential for synergistic development opportunities catering to the university community and the broader Rocky Mount area. The asking price for this prime commercial land is $225,000. The property's location within a high-traffic area promises significant potential for return on investment. Detailed site plans and zoning information are available upon request. This is an exceptional opportunity to acquire a strategically located commercial property in a thriving North Carolina market. Don't miss out on this chance to secure a valuable asset in a high-growth area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.7739
    Latitude
    36.0056

    Comparable in this City

    • Value Estimation by Request
      30.50 Acres

      Wesleyan Blvd

      Agricultural land / Farmland • 30.50 Acres
      0 Wesleyan Blvd, Rocky Mount, NC 27804
      View Details
    • Value Estimation by Request
      1.17 Acres

      1350 Wesleyan Blvd

      Land • 1.17 Acres
      1350 Wesleyan Blvd, Rocky Mount, NC 27804
      View Details
    • Value Estimation by Request
      2.06 Acres

      & Curtis Ellis Winstead Ave

      Land • 2.06 Acres
      & Curtis Ellis Winstead Ave, Rocky Mount, NC 27804
      View Details
    • Value Estimation by Request
      2.06 Acres

      & Curtis Ellis Winstead Ave

      Land • 2.06 Acres
      & Curtis Ellis Winstead Ave, Rocky Mount, NC 27804
      View Details
    • Value Estimation by Request
      8.14 Acres

      4024 Sunset Ave

      Land • 8.14 Acres
      4024 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • Value Estimation by Request
      1.27 Acres

      Wesleyan Blvd

      Land • 1.27 Acres
      0 Wesleyan Blvd, Rocky Mount, NC 27804
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Undeveloped Lot Near I-95

      Undeveloped land near I-95, great potential for development.
      N Wesleyan Blvd, Rocky Mount, NC 27804
      View Details
    • $100,000
      82,328 SF

      Cleared Land Ready to Build

      1.89 acre cleared lot suitable for residential or commercial use.
      3500 Dortches Blvd, Rocky Mount, NC 27804
      View Details
    • Contact for pricing

      Belmont Lake Preserve Lot

      Land for sale in Belmont Lake Preserve.
      66 Ladybank, Rocky Mount, NC 27804
      View Details
    • Contact for pricing

      Commercial Lot Near Wesleyan University

      1.27 acre commercial lot with high traffic exposure.
      N Wesleyan Blvd, Rocky Mount, NC 27804
      View Details
    • $31,900
      0.33 Acres

      Residential Lot in Belmont Lake

      Fairway lot in Belmont Lake Preserve with golf course views.
      44 Formby, Rocky Mount, NC 27804
      View Details
    • $82,500
      0.48 Acres

      Golf Course Homesite in Rocky Mount

      Residential land to build a custom home in Belmont Lake.
      50 Portland, Rocky Mount, NC 27804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Convenient Office Space For Rent

      Open-concept office space near national retailers with ample parking.
      2325 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • Contact for pricing
      6,581 SF

      Office Space at Rocky Mount Mills

      Office space for rent in a mixed-use campus.
      1151 Falls Rd, Rocky Mount, NC 27804
      View Details
    • $2,125 /Mo
      2,548 SF

      Rocky Mount Office Space Available

      Office space featuring 12 private offices and conference room.
      3051 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • Contact for pricing

      Rocky Mount Warehouse Space

      Warehouse space available for lease in Rocky Mount, NC.
      3375 N Wesleyan Blvd, Rocky Mount, NC 27804
      View Details
    • Contact for pricing

      Standalone Open Concept Office Building

      Move-in ready office building with open layout and one bathroom.
      327 S Pearl St, Rocky Mount, NC 27804
      View Details
    • Contact for pricing
      11,000 SF

      Downtown Rocky Mount Office Space

      Class A office space in a prime downtown location.
      134 N Church St, Rocky Mount, NC 27804
      View Details
    Request Owner's contact information
    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.
    Tbd Wesleyan Blvd
    Rocky Mount, NC 27804
    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
    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

    Thank You for Inquiry
    Tbd Wesleyan Blvd, Rocky Mount, NC, 27804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!