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Property profile & analytics
OFF-MARKET
Turn key restaurants
1760 Main St Rocky Mount, VA 24151-6365
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US87-1685880
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Total area
7,615 SF
Lot
1.01 ac (44,170 SF)
Zoning code
GB
APN
201 00-061 01E
UPID
US87-1685880
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
-
Ippy's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas M Thomas · 10 yrs held
Thomas M Thomas
since 2016
4 recorded transactions
Zoning & alternative use
GB · Rocky Mount, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(3) GB, General Business. The intent of this district is to accommodate a wide range of retail, wholesale, service, and office uses that cater to the traveling public and serve the Town and the surrounding region. The District is designed to provide highly attractive and accessible Town of Rocky Mount Zoning & Subdivision Ordinance
Zone name
General Business
General category
COMMERCIAL
Zone area
431.74 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$1,087,400
Assessed 2023
Previous assessed
$1,087,400
+0.0% YoY
Assessed land
$220,900
Assessed improvement
$866,500
Land market value
$220,900
Improvement market value
$866,500
Total market value
$1,087,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
3
Total area
7,615 SF
Lot
1.01 ac (44,170 SF)
Zoning code
GB
APN
201 00-061 01E
UPID
US87-1685880
Jurisdiction
FRANKLIN
Zoning & alternative use
GB · Rocky Mount, VAZoning GB · permitted uses
GB · Rocky Mount, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(3) GB, General Business. The intent of this district is to accommodate a wide range of retail, wholesale, service, and office uses that cater to the traveling public and serve the Town and the surrounding region. The District is designed to provide highly attractive and accessible Town of Rocky Mount Zoning & Subdivision Ordinance
Zone name
General Business
General category
COMMERCIAL
Zone area
431.74 ac
Building & site characteristics
From public records
Year built
1998
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.01 ac
Current owner
From public records · entity-resolved
Thomas M Thomas
Individual
Mailing address
1760 N MAIN ST, ROCKY MOUNT, VA 24151-6365
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2016
—
Thomas M Thomas
—
Deed
related
$30,000 · First Bk
May 27, 2016
—
Thomas M Thomas
Thomas,sheila D
Quit Claim Deed
related
$570,000 · First Bk
—
—
Ssheila D Thomas
—
Deed Of Trust
related
$150,000 · George E & Brenda B Hodges
—
—
Thomas M Thomas
—
Deed Of Trust
related
$30,000 · First Bk
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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