Property summary
This exceptional 10,738 square foot, single-story medical office building in Rocky Mount, NC, presents a compelling investment opportunity. Located at 819 Tiffany Blvd, this Class C property, built in 2001, sits on a 1.58-acre lot (APN 044640) and is zoned X. Currently multi-tenant, the property boasts a strong net operating income (NOI) of $180,284, generating a 6.01% cap rate at an asking price of $3,000,000 ($279.38/sq ft). The lease structure is NNN, with key tenants including Eyecare Associates (three years remaining on their lease, billed separately for TICAM) and Monarch Health (five-year lease renewal, modified gross, no tax/insurance obligations). The property's annual rent totals $193,584 ($16,132 monthly), with annual operating costs (including taxes) of $13,300. An additional approximately 900 square feet of space is available as a cold dark shell, offering significant value-add potential for future expansion and increased revenue. This property offers a stable income stream with a strong tenant base and the potential for significant future growth.
Property profile
VerifiedCap rate & NOI
Current use
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Eye Care Center Ophthalmologist
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B2 · Rocky Mount, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for B2 in Rocky Mount, NC.
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