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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1365 Riv Dr Rocky Mount, NC 27804-4417

    • Assisted living facilities
    • 32,583 SF
    • 12.62 lot acres
    OFF-MARKET
    Last Sale
    Nov 12, 2020
    Value Estimations
    $5,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2521122
    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.

    Current Use by Public Records

    • The Landings of Rocky Mount Mills / Assisted Living Facility

    Property Details for 1365 Riv Dr

    Year built
    2022
    Lot size
    12.62 lot acres
    Property size
    32,583 SF
    Zone code
    I2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    385010-35-7164
    APU
    385010357164

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $5,065,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,840,000
      COMMERCIAL (GENERAL)
      $6,635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.8084
    Latitude
    35.9551
    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
    $33,487
    $172,240
    $4,713,690
    $4,885,930
    -
    $172,240
    $4,713,690
    $4,885,930

    Comparable in this City

    • Value Estimation
      $5,335,000
      28,354 SF

      650 Goldrock Rd

      HOMES (RETIRED, NURSING) • 28,354 SF
      650 Goldrock Rd, Rocky Mount, NC 27804-8804
      View Details
    • Value Estimation
      $640,000
      2,340 SF

      1321 Mcdearman St

      HOMES (RETIRED, NURSING) • 2,340 SF
      1321 Mcdearman St, Rocky Mount, NC 27804-2640
      View Details
    • Value Estimation
      $4,080,000
      7,022 SF

      3322 Vlg Rd

      HOMES (RETIRED, NURSING) • 7,022 SF
      3322 Vlg Rd, Rocky Mount, NC 27804-9593
      View Details
    • Value Estimation
      $4,805,000
      37,637 SF

      2301 Medpark Dr

      HOMES (RETIRED, NURSING) • 37,637 SF
      2301 Medpark Dr, Rocky Mount, NC 27804-2288
      View Details
    • Value Estimation
      $4,100,000
      19,681 SF

      891 Noell Ln

      HOMES (RETIRED, NURSING) • 19,681 SF
      891 Noell Ln, Rocky Mount, NC 27804-1742
      View Details
    • Value Estimation
      $4,355,000
      42,845 SF

      160 Winstead Ave

      HOMES (RETIRED, NURSING) • 42,845 SF
      160 Winstead Ave, Rocky Mount, NC 27804-3419
      View Details

    Similar Nearby for Sale

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      1.27 Acres

      Wesleyan Blvd Commercial Land

      1.27-acre commercial lot in Rocky Mount, NC.
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    • $270,000
      Pending

      Rocky Mount Multifamily Investment Opportunity

      Multifamily property in Rocky Mount, NC with income potential.
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    • $32,500
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      Residential Land in Belmont Lake

      Fairway lot in Belmont Lake Preserve, Rocky Mount, NC.
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    • $82,500
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      Golf Course Homesite Opportunity

      Residential lot in Belmont Lake Preserve with golf course access.
      275 Tayriver, Rocky Mount, NC 27804
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    • $97,500
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      Residential Land in Belmont Lake Preserve

      0.38 acre lot in master-planned community with luxury lifestyle.
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    • $82,500
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      Golf Course Homesite Opportunity

      Residential land to build a custom home in Rocky Mount.
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      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      7,274 SF

      Sunset Ave Office Space for Lease

      Rocky Mount Office Suites Available
      2325 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $14,213 /Mo
      47,900 SF

      Rocky Mount Office/Warehouse with Yard

      47,900 SF office/warehouse with laydown yard for lease.
      2521 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
    • $18 SF/Yr
      57,556 SF

      Rocky Mount Office Spaces

      Historic building, flexible office suites.
      1701 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $3 SF/Yr
      55,000 SF

      Nash County Warehouse - 55,000 SF

      Prime Industrial Space, Excellent Access
      2245 Church St, Rocky Mount, NC 27804
      View Details
    • $12 SF/Yr
      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
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    Rocky Mount, NC 27804-4417
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    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
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