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Property profile & analytics
FOR SALE
Commercial real estate

800 Old Franklin Tpke Rocky Mount, VA 24151

135,884 SF 35.66 ac lot Built 2005
Entity Owned 20-yr Hold Free & Clear
Property ID
US87-1786012
Property summary
AI-generated overview

This exceptional 1.33-acre commercial land parcel presents a remarkable investment opportunity in Rocky Mount, Virginia. Strategically located on Old Franklin Turnpike at 800 Old Franklin Turnpike, this property boasts unparalleled visibility and accessibility. The lot's prime location ensures high traffic exposure, with an estimated 13,000 vehicles passing daily. This makes it ideal for a wide range of commercial ventures, from retail establishments and restaurants to professional offices and light industrial uses. The property is zoned for commercial use (zoning information should be independently verified). Its 1.33-acre size offers ample space for development, allowing for flexibility in design and construction. Situated in Franklin County, Virginia, this property benefits from a thriving local economy and a strong community presence. The address is 800 Old Franklin Turnpike, Rocky Mount, VA 24151. This is a rare opportunity to acquire a highly visible and well-situated commercial lot in a desirable location. Serious inquiries are encouraged to explore the potential of this exceptional property. The property is offered for sale. Further details regarding utilities and development restrictions are available upon request.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 135,884 SF
Lot 35.66 ac (1,553,480 SF)
Zoning code GB
APN 202 00-021 00
UPID US87-1786012
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
  • Lowe's Home Improvement Building Supply Hardware & Home Improvement
  • Lowe's Garden Center Garden Center
  • Minute Key Locksmith (Bike/Boat/Book/etc) Store
  • Lowe's ProServices Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.46M
Owner & transaction history
Lowes Home Ctrs INC · 20 yrs held
Lowes Home Ctrs INC
since 2006
1 recorded transaction
2006
$9.9M
Zoning & alternative use
GB · Rocky Mount, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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