Property profile

0 Roberson Ln Rocky Mount, NC 27804

OFF-MARKET
Mixed-use properties
30.6 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: 30.6 acres of land in Rocky Mount, North Carolina, already zoned R6MFA for multifamily development, allowing for up to 552 units. This flat, cleared site is currently being farmed and boasts the significant advantage of no wetlands. The property is conveniently located within 200 yards of a recently constructed $180,000,000 Interstate 64 overpass featuring four bridges, ensuring excellent accessibility. Development is further streamlined by the absence of developer cash proffers, and essential utilities—sewer and water—are readily available on-site. The property's APN is 383006494584, and it is owned by an LLC. The asking price is $4,350,000, translating to $162,581 per acre. This represents a unique chance to capitalize on a prime location with significant development potential and minimal upfront hurdles. The property is situated at Roberson Ln, Rocky Mount, NC 27804, in Edgecombe County.

Property profile

Verified
Property type Mixed-use properties
Lot 30.6 ac (1,332,936 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Roberson Ln Rocky Mount, NC 27804
Rocky Mount metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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