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Property profile & analytics
OFF-MARKET
Estimated value
$10,250,000
Strip malls
131 Wesleyan Blvd, Rocky Mount, NC 27804-2535
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2684504
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
BRICK
Total area
81,724 SF
Lot
4.49 ac (195,584 SF)
Zoning code
B2
APN
384016-74-8328
UPID
US53-2684504
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
-
Rocky Mount Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.25M
CAP Approach
CAP
$12.73M
Comparable Approach
Comparable
$8.47M
Blend (final)
Blend
$10.25M
Owner & transaction history
Amerco Real Estate Company · 1 yrs held
Amerco Real Estate Company
since 2024
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
B2 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$16.6M
+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
$10,250,000
ML approach
$10,250,000
CAP Approach
CAP Return
Estimation
6%
$13,785,000
6.5%
$12,725,000
7%
$11,815,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,290,000
Current use
COMMERCIAL (GENERAL)
$16,640,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$10.25M
Range $9.23M – $11.28M · ±10% · vs last sale $10.25M (Nov 22 2024)
Last sale anchor
$10.25M
Nov 22 2024
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
$125 / 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
$13,157
Tax year 2024
Assessed value
$1,684,540
Assessed 2024
Previous assessed
$1,684,540
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$673,500
Assessed improvement
$1,011,040
Land market value
$673,500
Improvement market value
$1,011,040
Total market value
$1,684,540
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
BRICK
Heating
NONE
Cooling
YES
Total area
81,724 SF
Lot
4.49 ac (195,584 SF)
Zoning code
B2
APN
384016-74-8328
UPID
US53-2684504
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
$12.3M
COMMERCIAL (GENERAL)
Est. value
$16.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
BRICK
Heating
NONE
Cooling
Yes
Lot
4.49 ac
Current owner
From public records · entity-resolved
Amerco Real Estate Company
Entity
Free & Clear · 1 yrs held
Mailing address
10800 BISCAYNE BLVD STE #300, MIAMI, FL 33161-7807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$10,250,000
Amerco Real Estate Company
Ssc Larkspur Rocky Mount LLC
Special Warranty Deed
—
Dec 21, 2021
$1,850,000
Ssc Larkspur Rocky Mount LLC
5699 Central Ave LLC
Special Warranty Deed
—
Dec 15, 2016
$300,000
5699 Ctrl Ave LLC
Mji Asscoiates LLC
Special Warranty Deed
—
Dec 15, 2016
—
5699 Central Ave LLC
Marc B Pollack
Deed
—
May 22, 2006
—
5699 Central Ave LLC
Cc Realty Fund II
Re-recorded Document
related
—
Mar 27, 2006
—
5699 Central Avenue LLC
Cc Realty Fund II
Re-recorded Document
related
—
Dec 21, 2005
$3,450,000
5699 Central Ave LLC
Cc Realty Fund II
Warranty Deed
—
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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