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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Warehouses
350 Old Franklin Tpke Rocky Mount, VA 24151-5500
Trust Owned
13-yr Hold
Free & Clear
Property ID
US87-1660783
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
12,700 SF
Lot
1.97 ac (85,987 SF)
Zoning code
GB
APN
203 00-076 00
UPID
US87-1660783
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
-
Unique Memories And Gifts (Bike/Boat/Book/etc) Store
-
Long & Foster Franklin County, VA Real Estate Agency
-
Wood WoRx Wellness Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$905k
Blend (final)
Blend
$720k
Owner & transaction history
Perdue,danny M Living Trust · 13 yrs held
Perdue,danny M Living Trust
since 2012
2 recorded transactions
Zoning & alternative use
GB · Rocky Mount, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(3) GB, General Business. The intent of this district is to accommodate a wide range of retail, wholesale, service, and office uses that cater to the traveling public and serve the Town and the surrounding region. The District is designed to provide highly attractive and accessible Town of Rocky Mount Zoning & Subdivision Ordinance
Zone name
General Business
General category
COMMERCIAL
Zone area
431.74 ac
Top alternative use upside
Office building
$1.1M
+78.4%
Restaurant
$1.1M
+67.7%
Apartment house (5+ units)
$945,000
+49.6%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$635,000
Current use
OFFICE BUILDING
$1,130,000
Change: +78% · Conversion: Difficult
RESTAURANT
$1,060,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$910,000
Change: +44% · Conversion: Easy
RETAIL STORES
$820,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$57 / 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
Property tax & assessments
Assessed value
$2,330,500
Assessed 2023
Previous assessed
$2,330,500
+0.0% YoY
Assessed land
$773,900
Assessed improvement
$1,556,600
Land market value
$773,900
Improvement market value
$1,556,600
Total market value
$2,330,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
1
Total area
12,700 SF
Lot
1.97 ac (85,987 SF)
Zoning code
GB
APN
203 00-076 00
UPID
US87-1660783
Jurisdiction
FRANKLIN
Zoning & alternative use
GB · Rocky Mount, VAZoning GB · permitted uses
GB · Rocky Mount, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(3) GB, General Business. The intent of this district is to accommodate a wide range of retail, wholesale, service, and office uses that cater to the traveling public and serve the Town and the surrounding region. The District is designed to provide highly attractive and accessible Town of Rocky Mount Zoning & Subdivision Ordinance
Zone name
General Business
General category
COMMERCIAL
Zone area
431.74 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$635,000
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$910,000
RETAIL STORES
Est. value
$820,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
1
Lot
1.97 ac
Current owner
From public records · entity-resolved
Perdue,danny M Living Trust
Trust
Free & Clear · 13 yrs held
Mailing address
110 MAPLE AVE, ROCKY MOUNT, VA 24151-1507
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2012
—
Perdue,danny M Living Trust
Perdue,danny M
Quit Claim Deed
related
—
Aug 3, 2010
$375,000
Danny M Perdue
Owner Name Unavailable
Grant Deed
related
—
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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