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    337 Premier Blvd Roanoke Rapids, NC 27870
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    Property profile & analytics

    337 Premier Blvd Roanoke Rapids, NC 27870

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    • Lifestyle centers
    Off-Market
    Property ID
    US53-5107551
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Belk / Department Store

    Property Details for 337 Premier Blvd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Premier Landing Shopping Center, located at 337 Premier Blvd, Roanoke Rapids, NC 27870, presents a unique investment opportunity in a thriving retail market. This multi-tenant shopping center offers seven available spaces ranging from 1,600 to 5,000 square feet, ideal for a variety of retail businesses. The center benefits from a strong local economy driven by manufacturing, healthcare, and retail trade, anchored by major employers such as the WestRock paper manufacturing plant, the second largest American packaging company. This prime location enjoys high visibility and convenient access, situated alongside established national retailers including Dunham's Sports, Chick-Fil-A, and Chipotle. Dunham's Sports boasts impressive performance rankings of 83% nationwide and 81% in North Carolina, while Chick-Fil-A achieves remarkable rankings of 98% nationwide and 98% in the state, according to Placer.ai. The center's existing tenant mix includes well-known brands such as Belk, Walmart Supercenter, Hibbett Sports, Pet Supermarket, and Rainbow Shops, creating a synergistic environment and attracting significant foot traffic. This property offers a compelling opportunity to establish or expand a retail presence in a robust and growing market within Halifax County, North Carolina. The available spaces provide flexibility for businesses of various sizes seeking a strategic location within a successful shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke Rapids
    County
    Halifax
    State
    North Carolina
    Longitude
    -77.63506
    Latitude
    36.451951

    Comparable in this City

    • Contact for pricing
      1,500 SF

      Premier Blvd Retail Space for Lease

      High-traffic Roanoke Rapids retail space available.
      0 Premier Blvd, Roanoke Rapids, NC 27870
      View Details
    • Contact for pricing

      Retail Outparcel in Roanoke Rapids

      Retail space available in front of Premier Landing Shopping Center.
      Premier Blvd, Roanoke Rapids, NC 27870
      View Details
    • Contact for pricing
      5,322 SF

      Retail Space in Desirable Market

      Retail space with high visibility and strong traffic counts.
      1479 Julian R Allsbrook Hwy, Roanoke Rapids, NC 27870
      View Details

    Similar Nearby for Sale

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      6.327 acre parcel suitable for commercial or residential use.
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    • $175,000
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      Prime Commercial Land Opportunity

      Highly visible commercial land near I-95 and Halifax Regional Medical Center.
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      Roanoke Rapids Commercial Property

      Commercial property with parking in Roanoke Rapids, North Carolina.
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      View Details
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      Historic Roanoke Rapids Retail/Office Building

      Prime commercial opportunity with mixed-use potential in Roanoke Rapids.
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    • $175,000
      0.56 Acres

      Prime Commercial Land Near I-95

      Highly visible commercial property near I-95 and Halifax Regional Medical Center.
      317 Summitt Ave Old Farm Rd, Roanoke Rapids, NC 27870
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Premier Blvd Retail Space for Lease

      High-traffic Roanoke Rapids retail space available.
      0 Premier Blvd, Roanoke Rapids, NC 27870
      View Details
    • Contact for pricing

      Retail Outparcel in Roanoke Rapids

      Retail space available in front of Premier Landing Shopping Center.
      Premier Blvd, Roanoke Rapids, NC 27870
      View Details
    • Contact for pricing
      5,322 SF

      Retail Space in Desirable Market

      Retail space with high visibility and strong traffic counts.
      1479 Julian R Allsbrook Hwy, Roanoke Rapids, NC 27870
      View Details
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    Roanoke Rapids, NC 27870
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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