Renovated Mixed-Use
For Sale
Contact for pricing
210 East 14th Street, Greenville, NC 27858
Corner commercial building with updated HVAC, kitchen improvements, dedicated coffee service space, and on-site parking.
Property Size25,347 SF
Lot Size1.21 Acres
Price / SF$138.08
Days on Market12
Property Features for 210 East 14th Street
General Information
Standard status
Active
Size
25,347 SF
Class
A
Lot size
1.21 Acres
Property subtype
Mixed Use, Special Purpose
Zoning
Heavy Commercial (CH)
Investment Type
Owner/User
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Asking Price
$3,500,000
Building Details
Year Built
1941
Year Renovated
2023
Buildings
1
Stories
2
Building Size
25,347 SF
Listing Agency:
Kittrell & Armstrong LLC
(817) 559-3196
Listed By:
Stephanie Warren · License #340713
Source:
Crexi
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 10 at 3:34PM
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 Kittrell & Armstrong LLC
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a 25,347-square-foot building on approximately 1.21± acres. Renovations completed in 2023 added expanded counter areas, a dedicated coffee bar counter, kitchen improvements, updated HVAC systems, and other interior work. The layout supports office, retail, mixed-use, or redevelopment applications, subject to applicable requirements.
The property occupies a prominent corner along East Fourteenth Street in Downtown Greenville, with convenient access to East Carolina University, ECU Health Medical Center, Uptown Greenville, and surrounding retail, dining, and professional amenities. Heavy Commercial (CH) zoning and ample on-site parking add practical flexibility for future commercial use.
The property occupies a prominent corner along East Fourteenth Street in Downtown Greenville, with convenient access to East Carolina University, ECU Health Medical Center, Uptown Greenville, and surrounding retail, dining, and professional amenities. Heavy Commercial (CH) zoning and ample on-site parking add practical flexibility for future commercial use.
Key Highlights
- 25,347± SF commercial building on approximately 1.21± acres
- 2023 renovations included expanded counters, a dedicated coffee bar counter, kitchen improvements, and updated HVAC
- Heavy Commercial (CH) zoning
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
$307,966
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
8.80%
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%
$6,159,320
$6.2M
Cap Rate 7%
$4,399,514
$4.4M
Cap Rate 9%
$3,421,844
$3.4M
Market Conditions
NOI Build-Up for 25,347 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
$547.5K $21.60/SF
− Vacancy
−$54.7K −$2.16/SF
EGI
$492.7K $19.44/SF
− OpEx
−$184.8K −$7.29/SF
NOI
$308.0K $12.15/SF
Area
Pitt County, NC
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$6,159,320
Cap Rate 7%
$4,399,514
Cap Rate 9%
$3,421,844
Alternative Uses
Best Use
Mixed Use
$4.40M
$3.85M – $5.13M
NOI $307,966 @ 7.0% cap · market cap 8.80%
Second Best
Office B
$3.90M
$3.41M – $4.55M
NOI $272,892 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$5.52M
$4.83M – $6.44M
NOI $386,240 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
296
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?
Mixed-use property - Corner commercial building with updated HVAC, kitchen improvements, dedicated coffee service space, and on-site parking.
Where is this mixed-use property located?
The property is located at 210 East 14th Street Greenville, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 25,347± SF commercial building on approximately 1.21± acres; 2023 renovations included expanded counters, a dedicated coffee bar counter, kitchen improvements, and updated HVAC; Heavy Commercial (CH) zoning
