New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,190,000
Distribution centers
2551 Church St, Rocky Mount, NC 27804-2040
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2829800
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1949
Total area
26,430 SF
Lot
8.96 ac (390,298 SF)
Zoning code
I2
APN
386117-02-0311
UPID
US53-2829800
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
-
Cameron Ashley Building Products, Inc. Building Supply Industrial Manufacturer
-
Talent Search Department. Plott Bakery Products (PBP)'s Food Processing Plant Factory
-
Moo96AutoSales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.51M
CAP Approach
CAP
$3.21M
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$5.19M
Owner & transaction history
Dhhb III LLC · 9 yrs held
Dhhb III LLC
since 2017
3 recorded transactions
Zoning & alternative use
I2 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.5M
+54.1%
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
$4,505,000
CAP Approach
CAP Return
Estimation
6%
$3,470,000
6.5%
$3,205,000
7%
$2,975,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,200,000
Current use
OFFICE BUILDING
$6,475,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,945,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$5.19M
Range $4.67M – $5.71M · ±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
$196 / 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
$24,861
Tax year 2024
Assessed value
$1,929,770
Assessed 2024
Previous assessed
$1,929,770
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$268,800
Assessed improvement
$1,660,970
Land market value
$268,800
Improvement market value
$1,660,970
Total market value
$1,929,770
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1949
Heating
YES
Total area
26,430 SF
Lot
8.96 ac (390,298 SF)
Zoning code
I2
APN
386117-02-0311
UPID
US53-2829800
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
WAREHOUSE, STORAGE Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1949
Heating
YES
Lot
8.96 ac
Current owner
From public records · entity-resolved
Dhhb III LLC
Entity
Mailing address
63181 E LK RD STE DR STE, PALM HARBOR, FL 34685
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2019
—
Dhhb III LLC
—
Deed
related
$2,385,800 · First Bank
Jun 27, 2017
$130,000
Dhhb III LLC
Rocky Mount LLC
Special Warranty Deed
$945,000 · First Carolina Bank
Aug 13, 2013
$3,123,500
Flowers Baking Co Of Rocky Mount Ll
Interstate Brands Corporation
Limited 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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