451 Winstead AveRocky Mount, NC 27804

Property Details for 451 Winstead Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.78 AC

Property size (Sq ft)

9,873 SF

Zone code

I

Property type

Office buildings

APN

384005-09-5468

APU

384005095468

Description

This exceptional 11,315-square-foot office building in Rocky Mount, NC, presents a unique leasing opportunity. Situated on 1.66 acres, this three-story Class B building, constructed in 1987, offers a versatile layout suitable for executive office, traditional office, or coworking spaces. The single-tenant property features a comprehensive suite of amenities, including multiple offices, conference rooms, break rooms, storage closets, and private bathrooms. Recent upgrades include ten new HVAC units and vinyl flooring in select offices. Further enhancing its functionality are an alarm system and a diesel generator. The building's layout is thoughtfully designed, with the ground floor encompassing a large reception area, fourteen offices (including one executive office with a private restroom), three conference rooms, a mail room, break room, three storage closets, and two bathrooms. The upper level mirrors this functionality, offering six offices, a large IT room, a 1,300-square-foot filing room, a kitchen and break room, a mechanical room, three storage closets, and two bathrooms. A lower level provides additional space, including an exercise room, a full bathroom with a shower, an electrical room, two storage areas, and a patio. Its convenient location offers easy access to Highway 64 and 95, a local hospital, and national retailers such as Bojangles and Outback Steakhouse. The included furniture package completes this turnkey solution. The property is zoned O&I and has a Nash County APN of 3840-05-09-5468, 3840-05-09-5655.

• CAP approach

  CAP return

  Valuation

  6%

  $2,712,240

  6.5%

  $2,503,610

  7%

  $2,324,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,613,600

  Geo Method

  $2,266,250

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,413,020

  Retail / Commercial

  $2,681,020

  Mixed-Use / Specialty

  $2,596,800

  Hospitality / Lodging

  $1,807,980

  Institutional / Educational

  $2,672,940

  Residential Income

  $3,127,340

  Multifamily

  $4,164,680

  Automotive / Energy

  $2,291,090

  Parking / Income-Based Land

  $864,393

  Restaurant / Food Service

  $1,191,270

  Healthcare / Senior Housing

  $2,739,540

Location Insight

City

Rocky Mount

County

Nash

State

North Carolina

Latitude

35.969

Longitude

-77.8488

CBSA code

40580

CBSA name

ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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