Realmo Analytics

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Financial
Distress signals
Property profile

701 Nelson St Rocky Mount, NC 27803

FOR SALE
Garden apartment buildings
Property ID
US53-2803964
3,024 SF 0.22 ac lot Built 1950
Last sale Oct 2017 · $359,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$768
Tax billed · 2024
Assessed value$70k
Assessed land$7k
Assessed improvement$63k
Effective rate1.10%

Value estimate

· Oct 2026
$1.54M
$1.39M – $1.69M
Submarket $/SF estimate$1.70M
NOI build-up
Gross scheduled income$52k
Vacancy & credit loss−$4k
Operating expenses−$22k
NOI · 3.40% cap applied$27k

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?
3.40%
$27k 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 Firm15.8
Spa & Massage11.5
Kitchen & Bath10.2

Location

701 Nelson St Rocky Mount, NC 27803
County assessor Recorded deeds · 2 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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
715 Dl, Rocky Mount, NC 27803 $4,950,000 Oct 2024 3,306 SF
610 Hilltop, Rocky Mount, NC 27803 $4,950,000 Oct 2024 3,306 SF
705 Dl, Rocky Mount, NC 27803 $4,950,000 Oct 2024 3,306 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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