819 Tiffany BlvdRocky Mount, NC 27804

Property Details for 819 Tiffany Blvd

Year built

2001

Construction

BRICK

Lot size

1.58 AC

Property size (Sq ft)

10,738 SF

Zone code

B2

Property type

Medical offices

Property subtype

Medical centers

APN

385118-42-1309

APU

385118421309

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,602,827

  6.5%

  $2,402,609

  7%

  $2,230,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,842,580

  Geo Method

  $2,464,800

• Alternative Use

  Use

  Valuation

  Residential

  $2,979,236

  Hospitality

  $2,728,964

  Educational

  $2,270,466

  Medical

  $2,348,550

  Retail

  $3,531,836

Location Insight

City

Rocky Mount

County

Nash

State

North Carolina

Latitude

35.9765

Longitude

-77.8028

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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