Fully Occupied Office
For Sale
$650,000
125 Oakmont Drive, Greenville, NC 27858
COMMERCIAL - Greenville, NC
Property Size2,950 SF
Lot Size0.46 Acres
Price / SF$220.34
Days on Market221
Property Features for 125 Oakmont Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OR
Parking features
Parking Lot
Subdivision
Not In Subdivision
Directions
On E Arlington Blvd, right onto Turtle Creek Rd, right onto Oakmont Dr
Standard status
Active
APN
030514
Size
2,950 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OAKMONT PROFESSIONAL PLA
Tax Annual Amount
3743
Legal Description
OAKMONT PROFESSIONAL PLA
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2003
Flooring type
Lvt/lvp
Building materials
Aluminum Siding, Brick Veneer, Wood Frame
Roof type
Shingle
Listing Agency:
Keller Williams Realty Points East
(252) 355-6000
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Added: Jan 10
Changed: Aug 19
Last Checked: Aug 19 at 5:06PM
MLS# 100548649
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2003, this 2,950-square-foot office building is fully occupied and configured for multiple tenants. A 2,000-square-foot area is used by a dental laboratory, while the remaining 950 square feet comprise individual offices leased to separate occupants. The building includes LVT/LVP flooring, electric heat pump systems, central air conditioning, a shingle roof, and a combination of aluminum siding, brick veneer, and wood-frame construction.
The property occupies 0.46 acres in Greenville and includes a parking lot for on-site parking. Public water serves the building, and the property carries OR zoning. Its multi-suite layout supports a range of office configurations within an established commercial setting.
The property occupies 0.46 acres in Greenville and includes a parking lot for on-site parking. Public water serves the building, and the property carries OR zoning. Its multi-suite layout supports a range of office configurations within an established commercial setting.
Key Highlights
- 2,950‑square‑foot office building on 0.46 acres
- Fully occupied by multiple tenants
- 2,000‑square‑foot dental laboratory area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$635,200
$635.2K
Cap Rate 7%
$453,714
$453.7K
Cap Rate 9%
$352,889
$352.9K
Market Conditions
NOI Build-Up for 2,950 SF
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.
Gross rent
$51.3K $17.40/SF
− Vacancy
−$9.0K −$3.05/SF
EGI
$42.3K $14.35/SF
− OpEx
−$10.6K −$3.59/SF
NOI
$31.8K $10.77/SF
Area
Pitt County, NC
Vacancy
17.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$635,200
Cap Rate 7%
$453,714
Cap Rate 9%
$352,889
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office property with established occupancy, individual office suites, and on-site parking.
Where is this office building 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: 2,950‑square‑foot office building on 0.46 acres; Fully occupied by multiple tenants; 2,000‑square‑foot dental laboratory area
