Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3635 Halifax Rd Rocky Mount, NC 27804-8255

    • Distribution centers
    • 21,644 SF
    • 17.30 lot acres
    OFF-MARKET
    Value Estimations
    $5,000,000
    Show details
    Cap Rate Potential
    4%
    Distribution centers
    Location Intelligence
    Property ID
    US53-2785697
    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.

    Current Use by Public Records

    • Smith's Red & White / Grocery & Convenience Store / Food Market

    Property Details for 3635 Halifax Rd

    Year built
    1979
    Construction
    FRAME
    Lot size
    17.30 lot acres
    Property size
    21,644 SF
    Zone code
    B2
    Property type
    Distribution centers
    APN
    383200-85-1167
    APU
    383200851167

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $4,310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,639,000
      Market price range: $1.19M - $5.64M
      AI Estimate
      $5,044,000
      Market price range: $1.76M - $5.04M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,440,000
      Current use
      OFFICE BUILDING
      $5,300,000
      Change: +54% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,230,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.8552
    Latitude
    36.0132
    CBSA code
    40580
    CBSA name
    ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,056
    $534,970
    $2,789,970
    $3,324,940
    -
    $534,970
    $2,789,970
    $3,324,940

    Comparable in this City

    • Value Estimation
      $505,000
      4,000 SF

      817 Carter St

      DISTRIBUTION WAREHOUSE • 4,000 SF
      817 Carter St, Rocky Mount, NC 27804-4610
      View Details
    • Value Estimation by Request
      1,500 SF

      25 Sunset Dr

      DISTRIBUTION WAREHOUSE • 1,500 SF
      25 Sunset Dr, Rocky Mount, NC 27804-8527
      View Details
    • Value Estimation
      $11,925,000
      85,120 SF

      3375 Wesleyan Blvd

      DISTRIBUTION WAREHOUSE • 85,120 SF
      3375 Wesleyan Blvd, Rocky Mount, NC 27804-8676
      View Details
    • Value Estimation
      $3,555,000
      13,520 SF

      7011 Stanley Park Dr

      DISTRIBUTION WAREHOUSE • 13,520 SF
      7011 Stanley Park Dr, Rocky Mount, NC 27804-3046
      View Details
    • Value Estimation
      $940,000
      5,000 SF

      123 Church St

      DISTRIBUTION WAREHOUSE • 5,000 SF
      123 Church St, Rocky Mount, NC 27804-5702
      View Details
    • Value Estimation
      $4,180,000
      30,418 SF

      615 Church St

      DISTRIBUTION WAREHOUSE • 30,418 SF
      615 Church St, Rocky Mount, NC 27804-4911
      View Details

    Similar Nearby for Sale

    • $899,900
      9,000 SF

      Versatile Commercial Building Near Major Routes

      9,000 SF commercial building on 3 acres near I-95.
      2040 Fenner Rd, Rocky Mount, NC 27804
      View Details
    • $1,299,999

      Free Standing Industrial Building For Sale

      47,924 SF industrial building on 3.3 acre lot.
      2521 North Church St, Rocky Mount, NC 27804
      View Details
    • $270,000
      Pending

      Rocky Mount Multifamily Investment Opportunity

      Multifamily property in Rocky Mount, NC with income potential.
      839 Western Ave, Rocky Mount, NC 27804
      View Details
    • Contact for pricing

      Prime Commercial Outparcel in Rocky Mount

      1.66-acre outparcel in high-traffic commercial area near UNC Health.
      Winstead Ave & Curtis Ellis Dr, Rocky Mount, NC 27804
      View Details
    • New
      $34,900
      1.85 Acres

      Residential Land in Rocky Mount

      1.85 acre residential lot, convenient location near I-95.
      4424 Deer Ridge Ct, Rocky Mount, NC 27804
      View Details
    • New
      $80,000
      0.30 Acres

      Golf Course Homesite in Rocky Mount

      0.30-acre lot in Belmont Lake Preserve.
      86 Glasgow, Rocky Mount, NC 27804
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      55,000 SF

      Nash County Warehouse - 55,000 SF

      Prime Industrial Space, Excellent Access
      2245 Church St, Rocky Mount, NC 27804
      View Details
    • New
      $4,349 /Mo
      6,098 SF

      Rocky Mount Flex Space

      6,098 SF flex space ideal for light industrial use.
      105 Gelo Rd, Rocky Mount, NC 27804
      View Details
    • New
      $3,000 /Mo
      5,500 SF

      Rocky Mount Retail Space Available

      5500 sqft retail space with road frontage near Hwy 301.
      1800 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • New
      $2,125 /Mo
      2,548 SF

      Rocky Mount Office Space Available

      Office space featuring 12 private offices and conference room.
      3051 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $14 SF/Yr
      7,274 SF

      Sunset Ave Office Space for Lease

      Rocky Mount Office Suites Available
      2325 Sunset Ave, Rocky Mount, NC 27804
      View Details
    • $18 SF/Yr
      57,556 SF

      Rocky Mount Office Spaces

      Historic building, flexible office suites.
      1701 Sunset Ave, Rocky Mount, NC 27804
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3635 Halifax Rd
    Rocky Mount, NC 27804-8255
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!