Greenville Commercial Property For
For Sale
$650,000
125 Oakmont Dr, Greenville, NC 27858
Other healthcare properties
Property Size2,950 SF
Lot Size0.46 Acres
Price / SF$220.34
Days on Market188
Property Features for 125 Oakmont Dr
General Information
Standard status
Active
Property type
Other healthcare properties, Other office properties, Other commercial real estate
Size
2,950 SF
Lot size
0.46 Acres
Occupancy
100%
Listed By:
Tim Ferruzzi
(910) 729-9180
Added: Apr 29
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Investment Insights
Based on property information with market context.
This commercial property, located in Greenville, North Carolina, offers 2950 square feet of space on a 0.46-acre lot. The building is fully occupied by tenants and is well-maintained, in great shape, and energy efficient. A new roof was installed in the last year. Ample parking is available. One tenant, a dental lab, occupies 2000 square feet and pays $2600 per month. The remaining 950 square feet consist of individual offices rented to different tenants for $1550 per month. There is potential for a new buyer to raise rents.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,267
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,340
$665.3K
Cap Rate 7%
$475,243
$475.2K
Cap Rate 9%
$369,633
$369.6K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$62.0K $21.00/SF
− Vacancy
−$6.5K −$2.21/SF
EGI
$55.4K $18.80/SF
− OpEx
−$22.2K −$7.52/SF
NOI
$33.3K $11.28/SF
Area
Pitt County, NC
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,340
Cap Rate 7%
$475,243
Cap Rate 9%
$369,633
Alternative Uses
Best Use
Healthcare Medical
$475.2K
$415.8K – $554.5K
NOI $33,267 @ 7.0% cap · market cap 5.12%
Second Best
Office B
$453.7K
$397.0K – $529.3K
NOI $31,760 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$642.2K
$561.9K – $749.2K
NOI $44,952 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
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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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
Where is this healthcare property located?
The property is located at 125 Oakmont Dr Greenville, NC.
What is the asking price?
The asking price for this property is $650,000.
