Freestanding Office
For Sale
Contact for pricing
2305 Executive Circle, Greenville, NC 27834
Vacant single-story property across from ECU Health Medical Center in Greenville’s medical district.
Property Size10,872 SF
Price / SF$215.23
Days on Market73
Property Features for 2305 Executive Circle
General Information
Standard status
Active
Size
10,872 SF
Class
B
Property subtype
Office
Zoning
MS
Lease Type
NNN
Building Details
Year Built
1994
Buildings
1
Stories
1
Building Size
10,872 SF
Listing Agency:
Waldrop Properties Llc
Listed By:
Michael Waldrop · License #NC 158376
(919) 645-1605
Source:
Crexi
Added: Aug 3
Changed: Oct 10
Last Checked: Oct 12 at 9:16PM
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 Waldrop Properties Llc
Investment Insights
Based on property information with market context.
This freestanding, single-story office building contains 10,872 square feet and was constructed in 1994. The property is vacant and ready for occupancy, offering a standalone configuration for an owner-user or office operation. MS zoning applies to the site.
Located at 2305 Executive Circle in Greenville, North Carolina, the building sits across Stantonsburg Road from ECU Health Medical Center within the city’s medical district. The property is being offered for sale, with lease availability also noted in the property information.
Located at 2305 Executive Circle in Greenville, North Carolina, the building sits across Stantonsburg Road from ECU Health Medical Center within the city’s medical district. The property is being offered for sale, with lease availability also noted in the property information.
Key Highlights
- 10,872‑square‑foot single‑story office building
- Freestanding building constructed in 1994
- Vacant and ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,604
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,452,080
$2.5M
Cap Rate 7%
$1,751,486
$1.8M
Cap Rate 9%
$1,362,267
$1.4M
Market Conditions
NOI Build-Up for 10,872 SF
Gross rent
$228.3K $21.00/SF
− Vacancy
−$24.0K −$2.21/SF
EGI
$204.3K $18.80/SF
− OpEx
−$81.7K −$7.52/SF
NOI
$122.6K $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%
$2,452,080
Cap Rate 7%
$1,751,486
Cap Rate 9%
$1,362,267
Alternative Uses
Best Use
Healthcare Medical
$1.75M
$1.53M – $2.04M
NOI $122,604 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$1.67M
$1.46M – $1.95M
NOI $117,051 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,668 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 27834, NC
55,051
Population
27,368
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
88%
High-School Grad
174.3 sq mi
ZIP Area
316
Density / Sq Mi
$48,081
Median Household Income
$36,755
Median Earnings
$941
Median Rent
$161,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Vacant single-story property across from ECU Health Medical Center in Greenville’s medical district.
Where is this office building located?
The property is located at 2305 Executive Circle Greenville, NC.
What is the asking price?
The asking price for this property is $2,340,000.
What are key features of this property?
This property features: 10,872‑square‑foot single‑story office building; Freestanding building constructed in 1994; Vacant and ready for occupancy
