Property profile

514 Cascade Ave Rocky Mount, NC 27803

FOR SALE
Garden apartment buildings
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Property ID
US53-2727438
4,320 SF 0.43 ac Built 1976
Last sale Nov 2007·$297,500
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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 · 2024

What does the county charge?
$1k
Tax billed · 2024
Assessed value$139k
Assessed land$13k
Assessed improvement$126k
Effective rate1.07%

Value estimate

· Nov 2026
$2.74M
$2.47M – $3.01M
Submarket $/SF estimate$3.39M
NOI build-up
Gross scheduled income$149k
Vacancy & credit loss−$10k
Operating expenses−$62k
NOI · 8.11% cap applied$76k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,292/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$1,085 – $1,730

Cap rate analysis

How does the asset earn?
8.11%
$76k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R6
JurisdictionNASH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm13.7
Spa & Massage10.8
Hair Salon9.5

Location

514 Cascade Ave Rocky Mount, NC 27803
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
506 Arrington, Rocky Mount, NC 27803-3906 $365,000 May 2025 4,060 SF
757 Dl, Rocky Mount, NC 27803 $4,950,000 Oct 2024 3,450 SF
704 Dl, Rocky Mount, NC 27803 $4,950,000 Oct 2024 3,306 SF
Hilltop, Rocky Mount, NC 27803 $4,950,000 Oct 2024 3,306 SF
723 Dl, Rocky Mount, NC 27803 $4,950,000 Oct 2024 3,306 SF
520 Cascade, Rocky Mount, NC 27803-3963 $320,000 Mar 2020 4,374 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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