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    505 Red Banks Rd Greenville, NC 27858

    For Lease
    $20 SF/Yr ($2,026 /Mo)

    3,050 SF retail space in a busy commercial corridor.

    Property size:
    1,216 SF
    Lot size:
    0.19 Acres

    Property Features for 505 Red Banks Rd

    General Information

    Size
    1,216 SF
    Lot size
    0.19 Acres

    Source: The Overton Group, LLC Agent Byron Aynes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Lynndale Shoppes

    Located at 505 Red Banks Rd, this property offers 3,050 SF of retail space within Lynndale Shoppes, a neighborhood center. The property is positioned along one of Greenville’s busiest commercial corridors and zoned CG. The area features a high concentration of national and regional tenants, alongside boutique retailers. The property offers excellent visibility and access. Its location near East Carolina University and the city’s major medical district and hospital system makes it suitable for capturing both residential and institutional traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LOFT Women'S Clothing Store Grant Barker- Atlantic ... Mortgage Lender Pink a Lilly Pulitzer ... Women'S Clothing Store The Shave on Fifth at Coffman’s Barber Shop Coffman's Men's Wear Men'S Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.372504
    Latitude
    35.581926

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    FAQs

    What type of property is this?
    Strip mall - 3,050 SF retail space in a busy commercial corridor.
    Where is this strip mall located?
    The property is located at 505 Red Banks Rd Greenville, NC.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on one of Greenville's busiest commercial corridors.; - Located within Lynndale Shoppes, a well-established neighborhood center.; - Zoned CG, offering flexibility for various commercial uses.
    (252) 414-1710
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    505 Red Banks Rd Greenville, NC 27858
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    Greenville, NC 27858
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    505 Red Banks Rd Greenville, NC 27858
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