Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2020 Benvenue Rd Rocky Mount, NC 27804
    Property profile & analytics

    2020 Benvenue Rd, Rocky Mount, NC 27804

    View on Map
    • Mixed-use properties
    • 7.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 2020 Benvenue Rd

    Lot size
    7.57 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional 7.57-acre property, located at 2020 Benvenue Road in Rocky Mount, North Carolina (APN: 385109052419), presents a unique investment opportunity. Zoned R-6MFA, it's ideally suited for multifamily development, offering significant potential for a high-return project. The site boasts over 400 feet of road frontage on Benvenue Road, a major thoroughfare with an impressive 11,000 AADT (NCDOT 2021 data), ensuring high visibility and accessibility. Its strategic location provides convenient access to US Highway 64, Highway 301, and Interstate 95, connecting residents to key transportation arteries. The property is further enhanced by its proximity to established amenities such as Rocky Mount Mills, Cobb Corners Shopping Center, and Benvenue Country Club. Existing infrastructure includes readily available city water and sewer utilities, simplifying development and reducing upfront costs. This is a rare opportunity to acquire a large, well-located parcel in a thriving area, ready for immediate development. The property is situated in Nash County, North Carolina, zip code 27804.

    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
    -77.8152
    Latitude
    35.9856

    Comparable in this City

    • Value Estimation by Request
      30.60 Acres

      Roberson Ln

      Multifamily properties
      0 Roberson Ln, Rocky Mount, NC 27804
      View Details
    • Value Estimation by Request
      30.50 Acres

      Wesleyan Blvd

      Agricultural land / Farmland
      0 Wesleyan Blvd, Rocky Mount, NC 27804
      View Details
    • Value Estimation
      $2,805,000
      15,176 SF

      718 Sunset Ave

      GARDEN APT, COURT APT (5+ UNITS)
      718 Sunset Ave, Rocky Mount, NC 27804-5517
      View Details
    • Value Estimation
      $1,200,000
      5,952 SF

      4125 Sunset Ave

      GARDEN APT, COURT APT (5+ UNITS)
      4125 Sunset Ave, Rocky Mount, NC 27804-3097
      View Details
    • Value Estimation
      $5,775,000
      6,976 SF

      774 Tiffany Blvd

      GARDEN APT, COURT APT (5+ UNITS)
      774 Tiffany Blvd, Rocky Mount, NC 27804-1805
      View Details
    • Value Estimation
      $3,855,000
      8,020 SF

      2140 Pne Tree Ln

      GARDEN APT, COURT APT (5+ UNITS)
      2140 Pne Tree Ln, Rocky Mount, NC 27804-6526
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,355 SF

      Multifamily Portfolio with High Yield

      Two buildings, ten units, strong return, upside potential.
      520-524 Keen St, 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

      Income Producing Duplex For Sale

      Duplex with new roof and income-producing potential.
      218 W Virginia St, Rocky Mount, NC 27804
      View Details
    • Contact for pricing

      Commercial Land in High Traffic Area

      Commercial land with high traffic, great for business or investment.
      N Wesleyan Blvd, Rocky Mount, NC 27804
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Historic Office Spaces For Rent

      Multiple office spaces available in a historic Rocky Mount building.
      1701 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $3,000 /Mo
      5,500 SF

      Rocky Mount Retail Space Available

      5500 sqft retail space with road frontage near Hwy 301.
      1800 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $4,349 /Mo
      6,098 SF

      Rocky Mount Flex Space

      6,098 SF flex space ideal for light industrial use.
      105 Gelo Rd, 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

      Convenient Office Space For Rent

      Open-concept office space near national retailers with ample parking.
      2325 Sunset Ave, 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.
    2020 Benvenue Rd
    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
    2020 Benvenue Rd, 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!