Property profile

268 Freight Rd Rocky Mount, NC 27804

OFF-MARKET
Day care centers
Property ID
US53-0001960
5,798 SF 1.75 ac lot Built 1991
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,000-square-foot single-tenant office building, situated on a 1.75-acre lot in Rocky Mount, North Carolina, presents a unique investment opportunity. Built in 1991, this one-story structure is zoned for Office and Institution use and boasts a convenient location, just one minute from I-95 and within five minutes of Highway 64, Sheetz, and Nash Community College. Currently vacant, the property is ideally suited for a daycare or similar use, featuring seven rooms, a small kitchen with a hood system, and multiple bathrooms

Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1991
Total area 5,798 SF
Lot 1.75 ac (76,230 SF)
APN 382120-01-2172
UPID US53-0001960

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

268 Freight Rd Rocky Mount, NC 27804-7991
Rocky Mount metro Census 11101 ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$1.15M

Owner & transaction history

since 2018
2 recorded transactions
2020
Price N/A
2018
$60,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.9M +57.1%
Office building $1.6M +32.5%
Retail stores $1.4M +17.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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