Technical
Financial
Distress signals
Property profile

824 W Raleigh Blvd Rocky Mount, NC 27803

FOR LEASE
Retail space
Property ID
US53-2872852
11,480 SF 3.1 ac lot Built 1999
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,480 square foot retail property, situated on a 1.89-acre lot in Nash County, presents a remarkable opportunity for businesses seeking high visibility and accessibility. Located at 824 West Raleigh Boulevard, the property boasts a prime position at a signalized intersection, ensuring maximum exposure to a substantial daily traffic flow. Currently entirely vacant, this space offers a unique chance for a quick backfill or redevelopment, catering to a variety of commercial uses. The property's significant size and prominent location make it ideal for a range of retail ventures. Its proximity to downtown Rocky Mount, less than a mile away, provides access to a robust workforce of over 4,000 daytime employees, creating a substantial potential customer base. The 1.89-acre lot offers ample space for expansion, parking, or additional development, enhancing the property's overall value and versatility. This is an exceptional opportunity to establish a thriving business in a high-demand location. The property is available for lease and offers significant potential for immediate occupancy or future development. The site's strategic location and substantial size make it an attractive investment for businesses seeking a strong foothold in the Rocky Mount market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,480 SF
Lot 3.1 ac (135,036 SF)
Zoning code B2
APN 375909-16-7523
UPID US53-2872852

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
  • Physician

Location

824 W Raleigh Blvd Rocky Mount, NC 27803
Rocky Mount metro Census 10301 ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$715k

Owner & transaction history

since 2025
Last sale
$656,500
2 recorded transactions
2025
$656,500
2015
$2.3M

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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More about this property
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