Greenville Office Building For
125 Oakmont Drive Greenville, NC 27858
125 Oakmont Drive, Greenville, NC, 27858
$650,000
For Sale
$650,000
Fully occupied office building in Greenville with rental upside.
Property Size2,950 SF
Price / SF$220.34
Days on Market187
Property Features for 125 Oakmont Drive
General Information
- Standard status
- Active
- Size
- 2,950 SF
- Property subtype
- HC, OFC, SPEC
Listing Agency
KW Commercial | Keller Williams Realty - Points East | Tim Ferruzzi
(910) 729-9180
Listed by
Tim Ferruzzi · License #89665,NC
(910) 729-9180
Source
Realnex
Added: Jan 11 Checked: Jul 17 at 2:18 am
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 KW Commercial | Keller Williams Realty - Points East | Tim Ferruzzi
Investment Insights
Based on property information with market context.
Located in Greenville, NC, this fully occupied building offers a total area of 2950 square feet. The property is currently configured with one tenant occupying 2000 square feet and utilizing the space as a dental lab, with a monthly rent of $2600. The remaining 950 square feet consist of individual offices rented to various tenants, generating a combined monthly income of $1550. The building is described as being well-maintained, in great shape, and energy efficient. A new roof was installed within the last year. Ample parking is available. The property presents possibilities for a new buyer to potentially raise rents.
Key Highlights
- Fully occupied, generating rental income
- New roof installed last year
- Potential to increase rents
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $17.40 |
| − Vacancy | −$9.0k | −$3.05 |
| EGI | $42.3k | $14.35 |
| − OpEx | −$10.6k | −$3.59 |
| NOI | $31.8k | $10.77 |
2,950 SF · lease $17.40/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.7K
$397.0K – $529.3K
NOI $31,760 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greenville Dental Laboratory
Dental Office
Service Industry Empire
Business Development Service
Ski home Improvements
Painting Service
Powell Bail Bonds
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Fully occupied office building in Greenville with rental upside.
Where is this office units located?
The property is located at 125 Oakmont Drive Greenville, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully occupied, generating rental income; New roof installed last year; Potential to increase rents
