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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Medical Office Space
819 Tiffany Blvd, Rocky Mount, NC 27804-1812
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2657503
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
eyecarecenter Optometrist Surgical Center
-
David R. Braswell, OD Physician
-
James D. Reynolds Jr, OD Physician
-
Moore Delisha OD Physician
-
Dennis B. Harrold, OD Physician
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
Uthama LLC · 5 yrs held
Uthama LLC
since 2021
Last sale
$2.0M
1 recorded transaction
Zoning & alternative use
B2 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,075,000
6.5%
$1,915,000
7%
$1,780,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,445,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10% · vs last sale $1.95M (May 28 2021)
Last sale anchor
$1.95M
May 28 2021
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
$207 / 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
$8,929
Tax year 2024
Assessed value
$890,260
Assessed 2024
Previous assessed
$890,260
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$322,500
Assessed improvement
$567,760
Land market value
$322,500
Improvement market value
$567,760
Total market value
$890,260
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
BRICK
Heating
NONE
Cooling
YES
Total area
10,738 SF
Lot
1.58 ac (68,825 SF)
Zoning code
B2
APN
385118-42-1309
UPID
US53-2657503
Jurisdiction
NASH
Zoning & alternative use
B2 · Rocky Mount, NC
Zoning B2 · permitted uses
B2 · 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
Est. value
$3.4M
AUTO REPAIR, GARAGE
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
2001
Construction
BRICK
Heating
NONE
Cooling
Yes
Lot
1.58 ac
Current owner
From public records · entity-resolved
Uthama LLC
Entity
Mailing address
124 CLOVERDALE RD, APEX, NC 27523-5805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
May 28, 2021
$1,950,000
Uthama LLC
Tiffan Drive Associates LLC
Special Warranty Deed
$1,560,000 · Firstbank
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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