Sign Up Successful!
You now have access to more from Realmo!
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

    606 Cokey Rd Rocky Mount, NC 27801-5714

    • Commercial real estate
    • 9,180 SF
    • 0.73 lot acres
    OFF-MARKET
    Last Sale
    Oct 13, 2020
    $830,000
    Value Estimations
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1027793
    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

    • Family Dollar / (Bike/Boat/Book/etc) Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 606 Cokey Rd

    Year built
    2005
    Lot size
    0.73 lot acres
    Property size
    9,180 SF
    Property type
    Commercial real estate
    APN
    375976825700
    APU
    375976825700

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $961,000
      Market price range: $536k - $1.48M
      AI Estimate
      $961,000
      Market price range: $536k - $1.48M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $960,000
      Current use
      WAREHOUSE, STORAGE
      $1,460,000
      Change: +52% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Edgecombe
    State
    North Carolina
    Longitude
    -77.7912
    Latitude
    35.9319
    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
    0
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $46,000
    $384,413
    $430,413

    Comparable in this City

    • Value Estimation by Request
      1,850 SF

      231 Main St

      COMMERCIAL (GENERAL) • 1,850 SF
      231 Main St, Rocky Mount, NC 27801-5513
      View Details
    • Value Estimation by Request
      1,800 SF

      135 Main St

      COMMERCIAL (GENERAL) • 1,800 SF
      135 Main St, Rocky Mount, NC 27801-5512
      View Details
    • Value Estimation by Request
      1,465 SF

      309 Main St

      COMMERCIAL (GENERAL) • 1,465 SF
      309 Main St, Rocky Mount, NC 27801
      View Details
    • Value Estimation by Request
      2,340 SF

      116 Tarboro St

      COMMERCIAL (GENERAL) • 2,340 SF
      116 Tarboro St, Rocky Mount, NC 27801-5478
      View Details
    • Value Estimation by Request
      1,260 SF

      13993 Us Hwy 64th Alt W

      COMMERCIAL (GENERAL) • 1,260 SF
      13993 Us Hwy 64th Alt W, Rocky Mount, NC 27801-9792
      View Details
    • Value Estimation
      $895,000
      8,540 SF

      320 Glendale Dr

      COMMERCIAL (GENERAL) • 8,540 SF
      320 Glendale Dr, Rocky Mount, NC 27801-6208
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.68 Acres

      Downtown Rocky Mount Commercial Land

      Prime location, redevelopment opportunity.
      334/348 Washington St, Rocky Mount, NC 27801
      View Details
    • $1,430,000

      Rocky Mount Development Land

      5.72 Acres, Multifamily/Industrial Potential
      1300 Scott St, Rocky Mount, NC 27801
      View Details
    • Contact for pricing
      20,378 SF

      8,000 SF Warehouse For Sale

      8,000 SF warehouse with four grade-level doors.
      1110 Atlantic Ave, Rocky Mount, NC 27801
      View Details
    • $750,000
      5.72 Acres

      Rocky Mount Commercial Land Opportunity

      5.72 acres of fenced land with four unconditioned warehouses.
      1300 Scott St, Rocky Mount, NC 27801
      View Details
    • $40,000
      0.12 Acres

      Residential Lot in Rocky Mount

      Vacant lot suitable for building a single-family home.
      620 Woodland Ave, Rocky Mount, NC 27801
      View Details
    • $31,900
      1.22 Acres

      Residential Lot in Rocky Mount

      1.22 acre building lot suitable for singlewides or doublewides.
      3921 Arlington St, Rocky Mount, NC 27801
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      112,496 SF

      112 Fairview Rd

      Individual retail properties • 112,496 SF
      112 Fairview Rd, Rocky Mount, NC 27801
      View Details
    • $3 SF/Yr
      51,496 SF

      Prime Rocky Mount Industrial Space

      Executive Offices & Warehouse - 51,496 SF
      1100 Atlantic Ave, Rocky Mount, NC 27801
      View Details
    • Sponsored
      $3,000 /Mo

      841 Wesleyan Blvd

      Large office in great location
      841 Wesleyan Blvd, Rocky Mount, NC 27801
      View Details
    • Contact for pricing

      Rocky Mount Industrial Property

      Industrial and manufacturing space available for lease in Rocky Mount.
      740 Kingsboro Rd, Rocky Mount, NC 27801
      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.
    606 Cokey Rd
    Rocky Mount, NC 27801-5714
    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.