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Property profile & analytics
OFF-MARKET
Office buildings
40 Claiborne Ave 5 Rocky Mount, VA 24151-1417
Entity Owned
3-yr Hold
Free & Clear
Property ID
US87-1788084
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Total area
1,896 SF
Lot
0.26 ac (11,195 SF)
Zoning code
CBD
APN
207 01-032 02
UPID
US87-1788084
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
-
Ryan Harris Insurance - A Hilb Group Company Insurance Agency
-
William Adkins Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
40claibornest LLC · 3 yrs held
40claibornest LLC
since 2022
5 recorded transactions
Zoning & alternative use
CBD · Rocky Mount, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$149,000
Assessed 2023
Previous assessed
$136,600
+9.1% YoY
Assessed land
$56,000
Assessed improvement
$93,000
Land market value
$56,000
Improvement market value
$93,000
Total market value
$149,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1953
Heating
HEAT PUMP
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,896 SF
Lot
0.26 ac (11,195 SF)
Zoning code
CBD
APN
207 01-032 02
UPID
US87-1788084
Jurisdiction
FRANKLIN
Zoning & alternative use
CBD · Rocky Mount, VA
Zoning CBD · permitted uses
CBD · Rocky Mount, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky Mount. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
40claibornest LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 854, ROCKY MOUNT, VA 24151-0854
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
40claibornest LLC
Town Of Rocky Mount
Deed
—
Sep 19, 2022
$160,000
40claibornest LLC
Jeff Bailey
Deed
$128,000 · The National Bank Of Blacksburg
Sep 16, 2022
—
Jeff Bailey
Bailey & Wagner Properties LLC
Deed
—
Aug 26, 2015
$160,000
Bailey & Wagner Props LLC
Thompson,jerry B & Tillie S
Grant Deed
$150,000 · Jerry B & Tillie S Thompson
Jan 31, 2007
$150,000
Jerry B Thompson
Grice,tony H & Linda J
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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