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    The Largest CRE Database in the US with Over 1 Million Listings

    Chris Lilley, Chocowinity, NC

    License ID: NC 258871
    The Overton Group Llc
    Association
    Cape Fear Realtors

    Service Locations

    Contact details

    Phone:
    (252) 714-8610
    Office Address:
    401 W 1st St, Greenville, NC, 27834-1905

    Performance

    Listings
    20

    Listings

    For Sale (19)

    View map
    • $165,000
      1.67 Acres

      Greenville Office Land - 1.67 Acres

      Prime Greenville office lot, high-traffic area.
      0 Allen Rd, Greenville, NC 27834
      View Details
    • $330,000
      5.50 Acres

      Ayden Industrial Land - $330K

      5.5-acre industrial lot, great access.
      0 Levi Dr, Ayden, NC 28513
      View Details
    • $352,000
      10.08 Acres

      Greenville Industrial Land - 10 Acres

      Prime Greenville industrial acreage, excellent visibility.
      3749 Stantonsburg Rd, Greenville, NC 27834
      View Details
    • $420,000
      10.50 Acres

      Ayden Industrial Land: 10.5 Acres

      Prime Industrial Land, Ayden, NC
      0 Levi Dr, Ayden, NC 28513
      View Details
    • $2,607,000
      26.07 Acres

      Prime Winterville Commercial Land

      26 Acres, High Visibility, Great Location
      2683 Nc-903, Winterville, NC 28590
      View Details
    • $675,000
      10,080 SF

      Freestanding Building on US Highway

      Versatile building with frontage, visibility, and convenient access.
      1709 Us Highway 258, Tarboro, NC 27886
      View Details
    • Contact for pricing

      Farm Land with Development Potential

      Land with road frontage, suitable for commercial and residential development.
      2101 Us-258, Tarboro, NC
      View Details
    • $189,000

      Greenville Office Lot on Allen

      Office lot near hospital with road frontage and utilities.
      Allen Rd, Greenville, NC 27834
      View Details
    • $352,000

      Industrial Land Parcel For Sale

      Industrial land with utilities and visibility near Greenville, NC.
      3749 Stantonsburg Rd, Greenville, NC 27834
      View Details
    • $1,249,600

      Residential Development Farm Opportunity

      Farm ready for residential development west of Lillington, NC.
      301 Jesse Rd, Broadway, NC 27505
      View Details
    • $165,000

      Prime Land Parcel For Sale

      Land parcel suitable for office development in growing residential area.
      Allen Rd, Greenville, NC 27834
      View Details
    • $2,000,000

      Prime Land Near Fire Tower

      19 acres near Fire Tower Road with mixed-use potential.
      3950 W Fire Tower Rd, Winterville, NC 28590
      View Details
    • $1,620,000

      Winterville Land Parcel for Development

      Land parcel in Winterville, NC, suitable for commercial development.
      226 Davenport Farm Rd, Winterville, NC 28590
      View Details
    • $750,000

      Prime Hunting Land Opportunity

      Hunter's dream property with diverse terrain and abundant wildlife.
      111 S Nc Hwy, Seven Springs, NC
      View Details
    • $420,000

      Industrial Land Parcel in Ayden

      10.5 acre industrial zoned land parcel in Ayden, NC.
      138 Levi Dr, Ayden, NC
      View Details
    • $1,600,000

      Prime Commercial Land Opportunity

      10-acre commercial property near Greenville, NC, with high visibility.
      5284 Nc-43, Greenville, NC
      View Details
    • $800,000

      Goldsboro Land Near Air Force Base

      Land with mining potential and utilities near Seymour Johnson AFB.
      2117 S Slocumb St, Goldsboro, NC 27530
      View Details
    • $2,281,125

      Commercial Land in Growing Winterville

      Commercial land with high visibility and access to major thoroughfares.
      2683 Nc-903, Winterville, NC
      View Details
    • $1,790,000

      Land with Development Potential

      Land with development potential near Ayden-Grifton High School.
      242 E Littlefield Rd, Ayden, NC 28513
      View Details

    For Lease (1)

    View map
    • $26 SF/Yr
      9,800 SF

      Arlington Executive Suites: Greenville Office Space

      Prime Greenville Office Suites, 200-225 sq ft.
      110 Arlington Blvd, Greenville, NC 27858
      View Details

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    Chris Lilley, Chocowinity, NC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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