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Property profile & analytics
OFF-MARKET
Estimated value
$4,720,000
Office buildings
600 Walnut St, Rocky Mount, NC 27803-2628
Individually Owned
2-yr Hold
Free & Clear
Property ID
US53-2854397
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
17,976 SF
Lot
3.43 ac (149,411 SF)
Zoning code
R6
APN
375906-37-1668
UPID
US53-2854397
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
-
Army National Guard Armory Military Base
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.86M
CAP Approach
CAP
$5.73M
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$4.72M
Owner & transaction history
Boys & Girls Clubs Of Tar River Reg · 2 yrs held
Boys & Girls Clubs Of Tar River Reg
since 2023
2 recorded transactions
Zoning & alternative use
R6 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.7M
+85.8%
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
$3,855,000
CAP Approach
CAP Return
Estimation
6%
$6,205,000
6.5%
$5,730,000
7%
$5,320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,125,000
Current use
RETAIL STORES
$7,665,000
Change: +86% · Conversion: Moderate
Blend value · Realmo final
$4.72M
Range $4.25M – $5.19M · ±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
$263 / 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
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,923
Tax year 2024
Assessed value
$1,189,030
Assessed 2024
Previous assessed
$1,189,030
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$65,170
Assessed improvement
$1,123,860
Land market value
$65,170
Improvement market value
$1,123,860
Total market value
$1,189,030
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Heating
NONE
Cooling
YES
Total area
17,976 SF
Lot
3.43 ac (149,411 SF)
Zoning code
R6
APN
375906-37-1668
UPID
US53-2854397
Jurisdiction
NASH
Zoning & alternative use
R6 · Rocky Mount, NC
Zoning R6 · permitted uses
R6 · Rocky Mount, NC
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
RETAIL STORES
Est. value
$7.7M
OFFICE BUILDING Current
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
1910
Heating
NONE
Cooling
Yes
Lot
3.43 ac
Current owner
From public records · entity-resolved
Boys & Girls Clubs Of Tar River Reg
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 1622, ROCKY MOUNT, NC 27802-1622
Ownership since
2023
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 25, 2023
—
Boys & Girls Clubs Of Tar River Reg
City Of Rocky Mount
Deed
—
Mar 12, 2018
—
City Of Rocky Mount
State Of North Carolina
Quit Claim 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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