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2785 Grassy Hill Rd 100,000 SF 67% Leased Industrial Building Rocky Mount, VA 24151 $1,975,000 ($19.75/SF)
EXECUTIVE SUMMARY
100,000 SF Building, Partially Leased. 23,190+/- SF is month to month and 15,840+/- SF is leased until 3/14/2026. Gross Income $156,758. Skylights.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$156,758
|
$1.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$156,758
|
$1.57
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,424
|
$0.26
|
| Net Operating Income |
$130,334
|
$1.30
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $156,758 |
| Annual Per SF | $1.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $156,758 |
| Annual Per SF | $1.57 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $26,424 |
| Annual Per SF | $0.26 |
| Net Operating Income | |
|---|---|
| Annual | $130,334 |
| Annual Per SF | $1.30 |
PROPERTY FACTS
| Price | $1,975,000 | Rentable Building Area | 100,000 SF |
| Price Per SF | $19.75 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1950 |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 15 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 10.00 AC | Opportunity Zone |
Yes
|
| Zoning | NZ | ||
| Price | $1,975,000 |
| Price Per SF | $19.75 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 10.00 AC |
| Rentable Building Area | 100,000 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 15 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | NZ |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
New Roof, skylights, multiple docks, 14' Ceiling Height.
New Roof, skylights, multiple docks, 13' ceiling height.
New Roof, Skylights, 14' Ceiling
| Space | Size | Space Use | Condition | Available |
| 1st Fl - B | 21,330 SF | Industrial | Full Build-Out | Now |
| 1st Fl - D | 12,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - E & F | 29,700 SF | Industrial | Full Build-Out | 30 Days |
1st Fl - B
| Size |
| 21,330 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - D
| Size |
| 12,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - E & F
| Size |
| 29,700 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - B
| Size | 21,330 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
New Roof, skylights, multiple docks, 14' Ceiling Height.
1st Fl - D
| Size | 12,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
New Roof, skylights, multiple docks, 13' ceiling height.
1st Fl - E & F
| Size | 29,700 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 30 Days |
New Roof, Skylights, 14' Ceiling
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PROPERTY TAXES
| Parcel Number | 0550002900 | Improvements Assessment | $259,400 (2024) |
| Land Assessment | $163,100 (2024) | Total Assessment | $422,500 (2024) |
PROPERTY TAXES
Parcel Number
0550002900
Land Assessment
$163,100 (2024)
Improvements Assessment
$259,400 (2024)
Total Assessment
$422,500 (2024)
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L & M Properties, LLC
2785 Grassy Hill Rd
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