Office
For Sale
$495,000
2710 E 10th Street, Greenville, NC 27858
Commercial Sale, Greenville, NC
Property Size1,976 SF
Lot Size0.21 Acres
Price / SF$250.51
Days on Market551
Property Features for 2710 E 10th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Subdivision
Greenville Heights
Directions
take 795 S to John P east Memorial HWY property on right
Standard status
Active
APN
016083
Size
1,976 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
woodcrest li6 bld
Tax Annual Amount
2956
Legal Description
woodcrest li6 bld
Utilities
Heating system
Electric (Heating), Natural Gas
Building Details
Year built
1999
Listing Agency:
Green Valley Realty
Listed By:
Denise Allan · License #282384
(252) 292-0615
Added: Mar 26, 2025
Changed: Sep 12
Last Checked: Sep 27 at 9:06PM
MLS# 100496917
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,976-square-foot office building sits on a 0.21-acre parcel and was constructed in 1999. The property is configured for office use and may also accommodate creative shared space or salon suites. Heating is provided through electric and natural gas systems.
The building is located at 2710 E 10th Street in Greenville, North Carolina, within Pitt County and ZIP Code 27858. CG zoning supports its commercial positioning, while the existing office format provides a defined base for continued professional use or a shared-space concept.
The building is located at 2710 E 10th Street in Greenville, North Carolina, within Pitt County and ZIP Code 27858. CG zoning supports its commercial positioning, while the existing office format provides a defined base for continued professional use or a shared-space concept.
Key Highlights
- 1,976‑square‑foot office building
- 0.21‑acre parcel
- CG zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,274
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,480
$425.5K
Cap Rate 7%
$303,914
$303.9K
Cap Rate 9%
$236,378
$236.4K
Market Conditions
NOI Build-Up for 1,976 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.4K $17.40/SF
− Vacancy
−$6.0K −$3.05/SF
EGI
$28.4K $14.35/SF
− OpEx
−$7.1K −$3.59/SF
NOI
$21.3K $10.77/SF
Area
Pitt County, NC
Vacancy
17.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,480
Cap Rate 7%
$303,914
Cap Rate 9%
$236,378
Alternative Uses
Best Use
Office B
$303.9K
$265.9K – $354.6K
NOI $21,274 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.1K
$376.4K – $501.8K
NOI $30,110 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 27858, NC
52,857
Population
26,281
Households
2
Avg Household Size
31
Median Age
46%
College-Educated
94%
High-School Grad
61.4 sq mi
ZIP Area
861
Density / Sq Mi
$60,915
Median Household Income
$34,598
Median Earnings
$1,042
Median Rent
$233,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - CG-zoned office property with electric and natural gas heating.
Where is this office building located?
The property is located at 2710 E 10th Street Greenville, NC.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,976‑square‑foot office building; 0.21‑acre parcel; CG zoning
