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Property profile

400 Old Franklin Tpke Rocky Mount, VA 24151

OFF-MARKET
Turn key restaurants
Property ID
US87-1710141
4,008 SF 1.32 ac lot Built 2003
Last sale Jun 2010 · $1,804,350
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Exceptional investment opportunity: a Wendy's sale-leaseback in Rocky Mount, Virginia. This 3,222 square foot, single-tenant property sits on a 0.91-acre lot at 400 Old Franklin Turnpike, Suite 125, zip code 24151. Built in 2000 and renovated in 2017, the property boasts a strong 5.65% cap rate and a substantial net operating income (NOI) of $144,075. The asking price is $2,550,000, translating to $791.43 per square foot. The property features a 15-year NNN lease commencing December 1, 2024,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.34M
Assessed land$575k
Assessed improvement$764k

Value estimate

· Oct 2026
$2.09M
$1.88M – $2.29M
AI approach$2.00M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GB
This district covers that portion of the community intended for the conduct of general business to which the public requires direct and f...
General categoryCOMMERCIAL
JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.9
Electrical Service9.3
Hair Salon8.9

Location

400 Old Franklin Tpke Rocky Mount, VA 24151-5857
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4340 Sontag, Rocky Mount, VA 24151-3457 $1,200,000 Dec 2025 4,452 SF
780 Main, Rocky Mount, VA 24151-2201 $262,500 Apr 2025 3,960 SF
190 Franklin, Rocky Mount, VA 24151-1328 $265,000 Oct 2024 3,527 SF
224 Franklin, Rocky Mount, VA 24151-1354 $225,000 Nov 2021 3,610 SF
275 Franklin, Rocky Mount, VA 24151-1330 $225,000 Jul 2021 3,500 SF
50 Ct, Rocky Mount, VA 24151-1304 $80,000 Jun 2021 3,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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