Freestanding Storefront
For Sale
Contact for pricing
1800 E Arlington Boulevard, Greenville, NC 27858
Single-story layout with open sales space and flexible bay configuration.
Property Size12,339 SF
Lot Size1.15 Acres
Price / SF$198.56
Days on Market8
Property Features for 1800 E Arlington Boulevard
General Information
Standard status
Active
Size
12,339 SF
Lot size
1.15 Acres
Property subtype
Retail
Zoning
CG
Additional Details
Asking Price
$2,450,000
Traffic Count
33,000 vehicles/day
Building Details
Year Built
2015
Buildings
1
Stories
1
Listing Agency:
Khoury Connect
Listed By:
Brian York · License #NC 246339
(919) 239-3133
Source:
Crexi
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 7:10AM
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 Khoury Connect
Investment Insights
Based on property information with market context.
Built in 2015, this freestanding single-story storefront property contains approximately 12,339 SF on 1.15 acres. The interior features a largely open sales floor, two restroom areas, and back-of-house circulation. The layout supports merchandising, showroom, retail, medical, and service-oriented operations, while the first three storefront bays are wired and plumbed for possible subdivision.
The property is located near the Arlington Boulevard and Fire Tower Road retail node in Greenville, with reported traffic counts of approximately 29,000 to 33,000 vehicles per day. On-site parking and storefront signage exposure add practical features for customer-facing operations. The property is zoned CG – General Commercial.
The property is located near the Arlington Boulevard and Fire Tower Road retail node in Greenville, with reported traffic counts of approximately 29,000 to 33,000 vehicles per day. On-site parking and storefront signage exposure add practical features for customer-facing operations. The property is zoned CG – General Commercial.
Key Highlights
- Approximately 12,339 SF freestanding storefront property on 1.15 acres
- Built in 2015 with a single‑story configuration
- First three storefront bays wired and plumbed for possible subdivision
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
$104,549
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
4.27%
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%
$2,090,980
$2.1M
Cap Rate 7%
$1,493,557
$1.5M
Cap Rate 9%
$1,161,656
$1.2M
Market Conditions
NOI Build-Up for 12,339 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
$162.9K $13.20/SF
− Vacancy
−$13.5K −$1.10/SF
EGI
$149.4K $12.10/SF
− OpEx
−$44.8K −$3.63/SF
NOI
$104.5K $8.47/SF
Area
Pitt County, NC
Vacancy
8.30%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,090,980
Cap Rate 7%
$1,493,557
Cap Rate 9%
$1,161,656
Alternative Uses
Best Use
Retail
$1.49M
$1.31M – $1.74M
NOI $104,549 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $188,023 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
33,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 35%
Hotels & Casinos 6%
Electronics 4%
Royal Farms
Shops & Services
21,891 visits/mo
0.2 miles
State Employees Credit Union
Shops & Services
13,476 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,772 visits/mo
0.2 miles
Firehouse Subs
Dining
5,322 visits/mo
0.1 miles
Hwy 55 Burgers, Shakes & Fries
Dining
3,279 visits/mo
0.1 miles
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story layout with open sales space and flexible bay configuration.
Where is this storefront property located?
The property is located at 1800 E Arlington Boulevard Greenville, NC.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Approximately 12,339 SF freestanding storefront property on 1.15 acres; Built in 2015 with a single‑story configuration; First three storefront bays wired and plumbed for possible subdivision
