Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Church St Rocky Mount, NC 27804-5702
    Back to Search
    Property profile & analytics

    115 Church St, Rocky Mount, NC 27804-5702

    View on Map
    • Retail space
    • 18,300 SF
    • 0.32 lot acres
    Off-Market
    Last Sale Apr 22, 2022
    $550,000
    Property ID
    US53-2663566
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • North Star Broadcasting / Radio Station / Telecommunications Service
    • WRSV / Radio Station / Telecommunications Service
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Success Custom DeZigns / Custom T-Shirt Store / Service Establishment
    • Success Property Management / Property Management Company

    Property Details for 115 Church St

    Year built
    1924
    Construction
    BRICK
    Lot size
    0.32 lot acres
    Zone code
    B4
    Property type
    Retail space
    APN
    375925-69-0930
    APU
    375925690930

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 31, 2017 $240,000 Bel Air Arts Center LLC R & H Homework LLC Warranty Deed $170k · Providence Bank
    May 1, 2009 — R&h Homework LLC Ronald L Vetere Warranty Deed —
    Mar 5, 2008 $140,000 Ronald L Vetere Elizabeth Ann Peterson Deed $140k · Elizabeth Ann Peterson

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.7969
    Latitude
    35.9421
    CBSA code
    40580
    CBSA name
    ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,053
    $59,810
    $360,690
    $420,500
    -
    $59,810
    $360,690
    $420,500

    Comparable in this City

    • Value Estimation by Request
      1,230 SF

      534 Thomas St

      RETAIL STORES (PERSONAL SERVICES)
      534 Thomas St, Rocky Mount, NC 27804-5336
      View Details
    • Value Estimation
      $535,000
      1,600 SF

      415 Thomas St

      RETAIL STORES (PERSONAL SERVICES)
      415 Thomas St, Rocky Mount, NC 27804-5335
      View Details
    • Value Estimation by Request
      1,200 SF

      622 Thomas St

      RETAIL STORES (PERSONAL SERVICES)
      622 Thomas St, Rocky Mount, NC 27804-5338
      View Details
    • Value Estimation
      $590,000
      2,210 SF

      531 Church St

      RETAIL STORES (PERSONAL SERVICES)
      531 Church St, Rocky Mount, NC 27804-4917
      View Details
    • Value Estimation by Request
      1,120 SF

      122 Main St

      RETAIL STORES (PERSONAL SERVICES)
      122 Main St, Rocky Mount, NC 27804-5417
      View Details
    • Value Estimation by Request
      2,233 SF

      705 Pne St

      RETAIL STORES (PERSONAL SERVICES)
      705 Pne St, Rocky Mount, NC 27804-4628
      View Details

    Similar Nearby for Sale

    • $560,000
      4,810 SF

      Retail Corner Near Rocky Mount Mills

      Five-unit retail property with restaurant space near mixed-use development.
      901 Falls Rd, Rocky Mount, NC 27804
      View Details
    • Contact for pricing
      10,738 SF

      High-Performing Retail Asset in Rocky Mount

      Stabilized retail asset with national tenants and value-add potential.
      809 Tiffany Blvd, Rocky Mount, NC 27804
      View Details
    • Contact for pricing
      4,766 SF

      Versatile Downtown Commercial Building

      Two-story building in downtown with development potential.
      115 N Church St, Rocky Mount, NC 27804
      View Details
    • $2,750,000

      Retail Asset in Rocky Mount

      Stabilized retail asset with national tenants and growth potential.
      809 Tiffany Blvd, Rocky Mount, NC 27804
      View Details
    • Contact for pricing
      4,810 SF

      Retail Corner in Rocky Mount

      Five-unit retail space with restaurant, high visibility, foot traffic.
      901 Falls Rd, Rocky Mount, NC 27804
      View Details
    • $2,200,000

      Freestanding Building on 2.52 Acres

      4,997 SF commercial building on 2.52 acres in Rocky Mount.
      Rocky St, Rocky Mount, NC 27804
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • 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
    • 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.
    115 Church St
    Rocky Mount, NC 27804-5702
    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
    115 Church St, 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!