Property profile

819 Tiffany Blvd Rocky Mount, NC 27804

OFF-MARKET
Medical Office Space
Property ID
US53-2657503
10,738 SF 1.58 ac lot Built 2001
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2001
Construction BRICK
Total area 10,738 SF
Lot 1.58 ac (68,825 SF)
Zoning code B2
APN 385118-42-1309
UPID US53-2657503

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Eye Care Center Ophthalmologist
  • Physician
  • Physician
  • Physician
  • Physician

Location

819 Tiffany Blvd Rocky Mount, NC 27804-1812
Rocky Mount metro Census 10604 ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.92M
Comparable Approach Comparable
$3.06M
Blend (final) Blend
$2.22M

Owner & transaction history

since 2021
Last sale
$2.0M
1 recorded transaction
2021
$2.0M

Zoning & alternative use

B2 · Rocky Mount, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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