1549 Vance StRocky Mount, NC 27801

Property Details for 1549 Vance St

Year built

1968

Lot size

12.00 AC

Property size (Sq ft)

32,000 SF

Zone code

I2

Property type

Industrial properties

APN

375963513100

APU

375963513100

Description

This exceptional 69,500 square foot industrial warehouse, located at 1549 Vance Street in Rocky Mount, North Carolina, presents a unique investment opportunity. Built in 1968 and renovated in 1986, this property sits on an expansive 8-acre lot and is zoned I-2 Heavy Industrial, offering significant flexibility for a variety of uses. The warehouse boasts one loading dock and one dock-high door, complemented by ample parking for 50 vehicles. The property's history includes use as a former rail car maintenance facility, evidenced by the presence of overhead cranes and a substantial lay-down yard. CSX Railroad service is readily available. The main facility encompasses approximately 64,500 square feet, supplemented by a 2,400 square foot office building and a 2,600 square foot maintenance building. The property includes a significant area for outdoor industrial storage. With its strategic location in Edgecombe County, NC (zip code 27801), and its substantial size and features, this property is ideal for businesses requiring extensive space and heavy industrial capabilities. The asking price is $1,250,000. APN: 375963513100.

• CAP approach

  CAP return

  Valuation

  6%

  $19,006,500

  6.5%

  $17,544,500

  7%

  $16,291,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,553,700

  Geo Method

  $11,752,400

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $8,689,630

  Mixed-Use / Specialty

  $8,416,660

  Hospitality / Lodging

  $5,859,970

  Office

  $8,114,610

  Institutional / Educational

  $8,663,440

  Residential Income

  $10,136,200

  Multifamily

  $13,498,400

  Automotive / Energy

  $7,425,810

  Parking / Income-Based Land

  $2,801,640

  Restaurant / Food Service

  $3,861,110

  Healthcare / Senior Housing

  $8,879,280

Location Insight

City

Rocky Mount

County

Edgecombe

State

North Carolina

Latitude

35.9228

Longitude

-77.7958

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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