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Property profile & analytics
OFF-MARKET
Estimated value
$9,255,000
Industrial properties
175 Freight Rd, Rocky Mount, NC 27804-8002
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2884261
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2005
Total area
60,595 SF
Lot
4.69 ac (204,296 SF)
Zoning code
I2
APN
383117-00-4030
UPID
US53-2884261
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
-
Engine Systems Inc Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.25M
CAP Approach
CAP
$8.19M
Comparable Approach
Comparable
$9.55M
Blend (final)
Blend
$9.26M
Owner & transaction history
Jlr Real Estate LLC · 2 yrs held
Jlr Real Estate LLC
since 2024
2 recorded transactions
Zoning & alternative use
I2 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.8M
+64.2%
Warehouse, storage
$9.6M
+6.6%
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
by Request
ML approach
$6,245,000
CAP Approach
CAP Return
Estimation
6%
$8,870,000
6.5%
$8,190,000
7%
$7,605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,040,000
Current use
OFFICE BUILDING
$14,840,000
Change: +64% · Conversion: Easy
WAREHOUSE, STORAGE
$9,630,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$9.26M
Range $8.33M – $10.18M · ±10%
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
$153 / 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
$18,875
Tax year 2024
Assessed value
$1,611,820
Assessed 2024
Previous assessed
$1,611,820
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$140,700
Assessed improvement
$1,471,120
Land market value
$140,700
Improvement market value
$1,471,120
Total market value
$1,611,820
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
YES
Total area
60,595 SF
Lot
4.69 ac (204,296 SF)
Zoning code
I2
APN
383117-00-4030
UPID
US53-2884261
Jurisdiction
NASH
Zoning & alternative use
I2 · Rocky Mount, NC
Zoning I2 · permitted uses
I2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$9.0M
OFFICE BUILDING
Est. value
$14.8M
WAREHOUSE, STORAGE
Est. value
$9.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2005
Heating
NONE
Cooling
Yes
Lot
4.69 ac
Current owner
From public records · entity-resolved
Jlr Real Estate LLC
Entity
Mailing address
1300 TUNL RD, ASHEVILLE, NC 28805-1629
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
—
Jlr Real Estate LLC
—
Deed
related
$1,650,000 · South State Bank NA
Apr 22, 2019
—
Jlr Real Estate LLC
—
Deed
related
$1,712,000 · United Community Bank
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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