285 Main St Rocky Mount, VA 24151-1708
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Forestry Department Corporate Office
(4) CBD, Central Business District. The purpose of this District is to promote the harmonious use and development of the historic uptown, downtown , and surrounding area, which is the traditional commercial, governmental, residential, and cultural center of the Town of Rocky Mount. The regulations of this District are intended to preserve historic architectu…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CBD · Rocky Mount, VA(4) CBD, Central Business District. The purpose of this District is to promote the harmonious use and development of the historic uptown, downtown , and surrounding area, which is the traditional commercial, governmental, residential, and cultural center of the Town of Rocky Mount. The regulations of this District are intended to preserve historic architecture and development patterns through facilitating infill development that fits the scale, design, and character of the area while encouraging upper-story residential lofts and expanding arts and cultural activities. Development in the Central Business District should complement existing historic development patterns with commercial buildings adjacent to the sidewalk and street to minimize traffic congestion, encourage a pedestrian friendly environment, and enhance the economic viability of the District. Permitted land uses include a mix of commercial uses and upper-story residential uses to enhance the activity and vitality of the area. (D) Industrial. (1) M1, Industrial, Limited. The intent of this District is to provide sufficient space in appropriate locations for less intense industrial uses, such as research facilities, wholesale, warehousing, light industrial, and heavy commercial uses. Uses should occur mostly in enclosed buildings or be screened from view , and activities should not create a danger to health and safety in surrounding areas nor create off-site noise, vibration, smoke, dust, lint, odor, heat, or glare. (2) M2, Industrial, General. The intent of this District is to encourage and provide for larger-scale industrial, manufacturing, processing, and warehousing operations in appropriate areas separated from daily services and residences . The uses in this District may require public utilities, access to transportation infrastructure, or outside storage, or generate noise, smoke, or odor , which shall be mitigated with industry best practice s for the compatibility of the surrounding area and the preservation of the environment. (E) Special Districts. Public/Open Space. The intent of this District is to preserve specific areas from private development due to natural conditions of soil, slope, susceptibility to flooding or erosion, geological condition, vegetation, or a combination of these conditions which makes such lands unsuitable for development . This district also includes lands which are publicly owned and therefore would not support private development.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.