Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2350 E Fire Tower Rd Greenville, NC 27858

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    8.27 acres of commercial land with road frontage.

    Lot size:
    8.27 Acres

    Property Features for 2350 E Fire Tower Rd

    General Information

    Lot size
    8.27 Acres

    We can help!

    Listing Contact
    Jeff Daniels
    Jeff Daniels
    Source: Moodyscre

    Listing Agency: Eastern Trust Real Estate Company, LLC Listing Agent: Jeff Daniels

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

    Learn more

    Property Insight Report

    Overview

    Commercial Land on Fire Tower

    Available commercial outparcels consist of 8.27 acres of general commercial land. The property is located on East Fire Tower Road and features 535 feet of road frontage. The location is suitable for retail or self-storage. The site benefits from two points of ingress/egress from Fire Tower Road and Bells Fork Road. Nearby tenants include Harris Teeter, Dollar General, Lidl, O’Reilly, Sonic, Sheetz, Food Lion, McDonald's, and Zaxby's. Survey, topo, and geotech information are on file.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hodges Forklift Rentals Freight Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.3454649
    Latitude
    35.5689537

    Nearby Similar for Sale

    • Contact for pricing
      800 SF

      Office Space in Greenville

      Office space with four offices, reception, kitchenette, and bathroom.
      609 Country Club Dr, Greenville, NC 27834
      View Details
    • $365,000
      1,185 SF

      Greenville Duplex For Sale

      Duplex in Greenville, NC, featuring updated interiors and steady income.
      520 Lake Rd, Greenville, NC 27834
      View Details
    • New
      $449,000
      0.16 Acres

      Greenville Triplex on Corner Lot

      Triplex in Greenville, NC, with commercial development potential.
      1301 Dickinson Ave, Greenville, NC 27834
      View Details
    • $225,900
      1,602 SF

      Versatile Investment Property Near University

      Multifamily property near East Carolina University with flexible investment options.
      2801 Jefferson Dr, Greenville, NC 27858
      View Details
    • $165,000
      Pending

      Duplex in High-Demand Rental Area

      Charming duplex with income potential near ECU and downtown.
      306 Watauga Ave, Greenville, NC 27834
      View Details
    • $200,000
      Pending

      Greenville Duplex with Leases

      Duplex in Greenville, NC with long-term leases in place.
      1214 Davenport St, Greenville, NC 27834
      View Details
    • $430,000
      4,544 SF

      Greenville Multi-Family Investment Opportunity

      Three duplexes on one parcel, offering income and renovation potential.
      519 Mckinley Ave, Greenville, NC 27834
      View Details
    • Contact for pricing
      20,320 SF

      Versatile Commercial Property in Greenville

      20,320 SF commercial space with warehouse, office, and showroom.
      1512 Hooker Rd, Greenville, NC 27834
      View Details
    • $425,000
      1,625 SF

      Medical Office Condo For Sale

      Former dental office in Greenville's medical district.
      1025 Wh Smith Blvd, Greenville, NC 27834
      View Details
    • Contact for pricing
      10,000 SF

      Contractor Storage Solution in Greenville

      Commercial storage units with drive-in access near Charles Blvd.
      3910 Charles Blvd, Greenville, NC 27858
      View Details
    • $1,500,000
      1,886 SF

      Redevelopment Site with Drive-Thru

      Prime location for retail, restaurant, or service-oriented businesses.
      700 E Arlington Blvd, Greenville, NC 27858
      View Details
    • Contact for pricing
      9,800 SF

      Dixon Professional Building Office Space

      Individual office space with included utilities and WiFi in Greenville.
      110 E Arlington Blvd, Greenville, NC 27858
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.27 acres of commercial land with road frontage.
    Where is this commercial land located?
    The property is located at 2350 E Fire Tower Rd Greenville, NC.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - 8.27 acres of General Commercial land.; - Excellent location for retail or self storage.; - **535 ft of road frontage on East Fire Tower Rd.**
    (252) 689-6100 Call to check price and availability
    Request Owner's contact information
    2350 E Fire Tower Rd Greenville, NC 27858
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2350 E Fire Tower Rd
    Greenville, NC 27858
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2350 E Fire Tower Rd Greenville, NC 27858
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Daniels
    Jeff Daniels
    Real Estate License ID: 210208
    (252) 689-6100 (252) 258-1160
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!