Brick One-Story
For Sale
$205,000
105 Mosby Cir Unit A & B, Greenville, NC 27834
Occupied by month-to-month tenants, this income property offers a flexible residential rental configuration.
Property Size1,681 SF
Price / SF$121.95
Days on Market105
Property Features for 105 Mosby Cir Unit A & B
General Information
Standard status
Active
Size
1,681 SF
Property subtype
Multi-Family
Building Details
Year Built
1981
Listing Agency:
Grimes Real Estate Group
(252) 717-1418
Listed By:
Melissia Larson · License #246951
Source:
Searchgreateraugustahomes
Added: May 9
Changed: Aug 18
Last Checked: Aug 20 at 8:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grimes Real Estate Group
Investment Insights
Based on property information with market context.
This 1,681-square-foot duplex is a one-story residential income property with full-brick construction. Built in 1981, the asset is currently occupied by tenants on month-to-month agreements, providing a flexible leasing structure for an owner evaluating future tenancy and operations.
The property is within Greenville city limits and is identified as a duplex in a multifamily-oriented residential income classification. Its two-unit configuration and established occupancy support continued use as a rental property.
The property is within Greenville city limits and is identified as a duplex in a multifamily-oriented residential income classification. Its two-unit configuration and established occupancy support continued use as a rental property.
Key Highlights
- 1,681‑square‑foot duplex
- Full‑brick, one‑story construction
- Built in 1981
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
$11,222
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
5.47%
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%
$224,440
$224.4K
Cap Rate 7%
$160,314
$160.3K
Cap Rate 9%
$124,689
$124.7K
Market Conditions
NOI Build-Up for 1,681 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
$17.1K $10.20/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$16.0K $9.54/SF
− OpEx
−$4.8K −$2.86/SF
NOI
$11.2K $6.68/SF
Area
Pitt County, NC
Vacancy
6.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$224,440
Cap Rate 7%
$160,314
Cap Rate 9%
$124,689
Alternative Uses
Best Use
Multifamily LT 5
$160.3K
$140.3K – $187.0K
NOI $11,222 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$149.3K
$130.6K – $174.2K
NOI $10,451 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$365.9K
$320.2K – $426.9K
NOI $25,615 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 27834, NC
55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Occupied by month-to-month tenants, this income property offers a flexible residential rental configuration.
Where is this duplex located?
The property is located at 105 Mosby Cir Unit A & B Greenville, NC.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 1,681‑square‑foot duplex; Full‑brick, one‑story construction; Built in 1981
