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Sunset Office Building 3048-3094 Sunset Ave 11,176 SF 30% Leased Office Building Rocky Mount, NC 27804 $650,000 ($58.16/SF)
INVESTMENT HIGHLIGHTS
- Strategic location near I-95 and US-64 with new exit under construction
- Situated on one acre with ample parking (55 spaces)
- Significant upside with 70% vacancy and projected 16.97% cap rate
- Strong regional demographics and growing traffic counts
EXECUTIVE SUMMARY
Acquire this 1978 10-unit office building for $650,000 - less than half of replacement cost. Located at 3048-3094 Sunset Avenue, on 1 acre of land, this 11,033 square foot office building is being offered at just $58.91 per square foot. The high 70% vacancy provides an excellent opportunity to bring your aggressive lease up campaign and increase the current annual income of $21,816 to a projected stabilized annual income of $128,046. Based on the asking price and operating expenses of $12,541.57, the asset offers a compelling projected stabilized capitalization rate of 16.97%. Appraised in 2021 for $1,109,000
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,176 SF
Building Class
B
Year Built
1978
Price
$650,000
Price Per SF
$58.16
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,040 SF
Building FAR
0.25
Lot Size
1.01 AC
Zoning
OI - Office/ Industrial
Parking
44 Spaces (3.99 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Two private offices with reception area and private bathroom
Newly updated office space consisting of four offices, reception and admin area, and two private bathrooms
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 550 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 3094 | 1,000 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 550 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 3094
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 550 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Two private offices with reception area and private bathroom
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 3094
| Size | 1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Newly updated office space consisting of four offices, reception and admin area, and two private bathrooms
1 1
PROPERTY TAXES
| Parcel Number | 3840-06-37-6500 | Improvements Assessment | $533,030 |
| Land Assessment | $303,410 | Total Assessment | $836,440 |
PROPERTY TAXES
Parcel Number
3840-06-37-6500
Land Assessment
$303,410
Improvements Assessment
$533,030
Total Assessment
$836,440
1 of 26
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Sunset Office Building | 3048-3094 Sunset Ave
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