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Property profile & analytics
OFF-MARKET
Estimated value
$9,735,000
Automotive properties
650 English Rd, Rocky Mount, NC 27804-9518
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-2713695
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2008
Total area
30,530 SF
Lot
3.88 ac (169,013 SF)
Zoning code
B5
APN
384113-03-6219
UPID
US53-2713695
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
-
Honda Service Auto Repair Shop
-
Honda Parts Auto Parts Store
-
Davenport Honda Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.74M
Owner & transaction history
Davenport Motor Company Of Rocky Mo · 16 yrs held
Davenport Motor Company Of Rocky Mo
since 2009
1 recorded transaction
Zoning & alternative use
B5 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.5M
+38.2%
Medical building
$11.5M
+17.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,790,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,535,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$11,525,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$8,260,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$9.74M
Range $8.76M – $10.71M · ±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
$319 / 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
$23,454
Tax year 2024
Assessed value
$3,287,980
Assessed 2024
Previous assessed
$3,287,980
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$735,000
Assessed improvement
$2,552,980
Land market value
$735,000
Improvement market value
$2,552,980
Total market value
$3,287,980
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2008
Heating
NONE
Total area
30,530 SF
Lot
3.88 ac (169,013 SF)
Zoning code
B5
APN
384113-03-6219
UPID
US53-2713695
Jurisdiction
NASH
Zoning & alternative use
B5 · Rocky Mount, NC
Zoning B5 · permitted uses
B5 · 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
AUTO REPAIR, GARAGE Current
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
MEDICAL BUILDING
Est. value
$11.5M
OFFICE BUILDING
Est. value
$8.3M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
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
2008
Heating
NONE
Lot
3.88 ac
Current owner
From public records · entity-resolved
Davenport Motor Company Of Rocky Mo
Entity
Mailing address
PO BOX 7696, ROCKY MOUNT, NC 27804-0696
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2009
$500,000
Davenport Motor Company Of Rocky Mo
Joseph H Nelson
Warranty Deed
$275,000 · Joseph H Nelson Etux
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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