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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Community centers
1232 Wesleyan Blvd Rocky Mount, NC 27804-1815
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2559655
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Construction
CONCRETE BLOCKS
Total area
19,992 SF
Lot
7.76 ac (338,026 SF)
Zoning code
B2
APN
385118-42-4374
UPID
US53-2559655
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Platinum Cafe Cafe & Coffee Shop
-
Toast Up Brunch Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.12M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$3.52M
Owner & transaction history
Tiffany Square Shopping Center LLC · 1 yrs held
Tiffany Square Shopping Center LLC
since 2025
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
B2 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+79.9%
Retail stores
$4.8M
+60.0%
Commercial (general)
$4.1M
+35.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rocky Mount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky Mount submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,320,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,370,000
6.5%
$3,115,000
7%
$2,890,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,005,000
Current use
OFFICE BUILDING
$5,405,000
Change: +80% · Conversion: Moderate
RETAIL STORES
$4,810,000
Change: +60% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,070,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $3.50M (Mar 17 2025)
Last sale anchor
$3.50M
Mar 17 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$16,342
Tax year 2024
Assessed value
$1,451,160
Assessed 2024
Previous assessed
$1,451,160
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,023,100
Assessed improvement
$428,060
Land market value
$1,023,100
Improvement market value
$428,060
Total market value
$1,451,160
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Total area
19,992 SF
Lot
7.76 ac (338,026 SF)
Zoning code
B2
APN
385118-42-4374
UPID
US53-2559655
Jurisdiction
NASH
Zoning & alternative use
B2 · Rocky Mount, NC
Zoning B2 · permitted uses
B2 · Rocky Mount, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky Mount. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.0M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Lot
7.76 ac
Current owner
From public records · entity-resolved
Tiffany Square Shopping Center LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11601 SANTA MONICA BLVD, LOS ANGELES, CA 90025-2907
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
$3,500,000
Tiffany Square Shopping Center LLC
Benjamin Cohanzad
Special Warranty Deed
—
Feb 1, 2023
—
Benjamin Cohanzad
Daniel Johnson
Re-recorded Document
related
$2,047,000 · Wells Fargo Bank NA
Dec 12, 2022
$3,150,000
Benjamin Cohanzad
Daniel Johnson
Special Warranty Deed
—
Dec 9, 2022
$3,150,000
Benjamin Cohanzad
Daniel Johnson
Special Warranty Deed
$2,047,000 · Wells Fargo Bank NA
Apr 20, 2022
$2,590,500
Daniel Johnson
Tiffany Zmcs LLC
Special Warranty Deed
—
Jan 6, 2016
$1,994,000
Tiffany Zmcs LLC
Rcg Rocky Mount LLC
Special Warranty Deed
—
Jan 6, 2016
—
Tiffany Zmcs LLC
Rcg Rocky Mount LLC
Deed
$1,500,000 · Citizens Bank State Street
Apr 20, 2010
—
Rcg Rocky Mount LLC
Mag II Tiffany Square LLC
Quit Claim Deed
—
Sep 6, 2006
$3,892,500
Mag II Tiffany Square LLC
Tiffany Shopping Center Group LLC
Special Warranty Deed
$6,365,000 · National City Bank
Apr 18, 2006
$613,564
Ameritas Life Insurance Corp
Dpj Co
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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