Individually Owned 
For Sale
1 / 51
$1,400,000
2129 Lawrence Cir, Rocky Mount, NC 27804
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Property summary
AI-generated overview
The property consists of two commercial buildings located at 2127 and 2129 Lawrence Circle on a 1.26-acre site, with a total of 10,200 square feet of retail-oriented space. The combined area has historically been used as a funeral home and a beauty salon. Off-street parking includes 50 paved spaces, with additional gravel parking available. Building 2127 Lawrence Circle contains approximately a 14x30 entrance foyer, a 44x30 main room, three offices measuring 10x12 each, and one restroom. Building 2129 Lawrence Circle has approximately 8,100 square feet and was previously configured for assembly use, including men’s and women’s restrooms, multiple meeting spaces, and storage areas. The site provides potential for future building expansion and is zoned commercial.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
BRICK
Total area
10,200 SF
Lot
1.23 ac (53,579 SF)
Zoning code
B2
APN
384012-86-9102
UPID
US53-2512021
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Church Mosque
-
Social Service Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.73M
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$3.04M
Owner & transaction history
Zoning & alternative use
B2 · Rocky Mount, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.04M
Value range
$2.74M – $3.34M
±10% around blend
Estimated value / SF
$298 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$2.74M
blend $3.04M
$3.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,200 SF
Lot area
1.23 ac
Year built
2000
APN
384012-86-9102
Zoning
B2
Assessed value
$622,410
Annual tax
$4,726
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.91M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.15M
@ 6.5% CAP return
$2.91M
@ 7% CAP return
$2.70M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$4,726
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$621k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.1 mi away · 9,000 SF
6.9 mi away · 11,400 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.04M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 47 sales
$471
-37%
Submarket 59 sales
$427
-30%
County 94 sales
$378
-21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $298/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
6.90%
Selected cap rate for this retail space
Derived from the Rocky Mount market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.90%
9.0%
NOI (est.)
$90k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.30M
Move the market yield to see immediate price impact.
Value / SF
$127
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.40%6.90%7.40%
$81k
$1.26M
$1.17M
$1.09M
$90k
$1.40M
$1.30M
$1.21M
$99k
$1.54M
$1.43M
$1.33M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$515k
1.0 mi · Oct 2025 · $63/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,726
Tax year 2024
Assessed value
$622,410
Assessed 2024
Previous assessed
$622,410
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$212,280
Assessed improvement
$410,130
Land market value
$212,280
Improvement market value
$410,130
Total market value
$622,410
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2000
Construction
BRICK
Heating
NONE
Cooling
YES
Total area
10,200 SF
Lot
1.23 ac (53,579 SF)
Zoning code
B2
APN
384012-86-9102
UPID
US53-2512021
Jurisdiction
NASH
Zoning & alternative use
B2 · Rocky Mount, NCZoning B2 · permitted uses
B2 · Rocky Mount, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
NONE
Cooling
Yes
Lot
1.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B2
Jurisdiction
Rocky Mount, NC
Recorded code
B2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B2 in Rocky Mount, NC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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