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    1020 Red Banks Rd Greenville, NC 27858

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    For Lease
    $1.00 SF/Yr

    Build-to-suit opportunity in Greenville's desirable location, ready for development.

    Lot size:
    0.50 Acres

    Property Features for 1020 Red Banks Rd

    General Information

    Lot size
    0.50 Acres

    Source: The Overton Group, LLC Agent John VanCoutren

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

    Overview

    Approved Land in High-Traffic Area

    This property presents a build-to-suit opportunity located on Red Banks Road, a high-traffic corridor in Greenville. The property has an approved 6,000 square foot ground-floor building footprint and the ability to develop up to four stories, offering flexibility for commercial, medical, or mixed-use applications. The site is zoned Office-Residential (OR) and includes 25 surface parking spaces. The site is stormwater-ready, with utilities readily accessible. Its zoning makes it suitable for medical offices, professional services, boutique retail, or multi-tenant configurations. The location is near residential neighborhoods, retail centers, and East Carolina University. The traffic volume is approximately 15,000 vehicles per day on Red Banks Road and 23,000 vehicles per day on Charles Boulevard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pearson Professional Center Educational Consultant Foot & Ankle East ... Podiatrist STEM East School United Way Social Services Organization The Slocum Group Real ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.3624802
    Latitude
    35.5829342

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    FAQs

    What type of property is this?
    Commercial land - Build-to-suit opportunity in Greenville's desirable location, ready for development.
    Where is this commercial land located?
    The property is located at 1020 Red Banks Rd Greenville, NC.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Red Banks Road and Charles Blvd.; - Fully approved 6,000 SF ground-floor building footprint.; - Development ready: stormwater-ready site with readily accessible utilities.
    (252) 702-0680
    Request Owner's contact information
    1020 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
    1020 Red Banks Rd Greenville, NC 27858
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