Corner Storefront
New
For Sale
$175,000
4158 Carolina 33, Greenville, NC 27834
Commercial Sale, Greenville, NC
Property Size1,847 SF
Lot Size1.00 Acre
Price / SF$94.75
Days on Market2
Property Features for 4158 Carolina 33
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commerical
Subdivision
Not In Subdivision
Directions
Hwy 33 W toward Tarboro. Turn right at Porter Rd. Property on the left.
Standard status
Active
APN
22868
Size
1,847 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Description
22868
Legal Description
22868
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1947
Listing Agency:
Century 21 The Realty Group
(252) 355-7800
Listed By:
Tahaia (Kunny) Brothers · License #212607
(252) 531-1872
Added: Aug 26
Last Checked: Aug 27 at 8:06PM
MLS# 100599170
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.
This 1,847-square-foot storefront property was built in 1947 and occupies a one-acre commercial lot. The building is served by electric heating and is positioned on a corner site.
Access is available to NC Hwy 33 W, NC 222, and Porter Rd. The property is located in Greenville, North Carolina, within Pitt County.
Access is available to NC Hwy 33 W, NC 222, and Porter Rd. The property is located in Greenville, North Carolina, within Pitt County.
Key Highlights
- 1,847‑square‑foot commercial building
- One‑acre corner lot
- Access to NC Hwy 33 W, NC 222, and Porter Rd.
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
$15,650
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
8.94%
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%
$313,000
$313.0K
Cap Rate 7%
$223,571
$223.6K
Cap Rate 9%
$173,889
$173.9K
Market Conditions
NOI Build-Up for 1,847 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
$24.4K $13.20/SF
− Vacancy
−$2.0K −$1.10/SF
EGI
$22.4K $12.10/SF
− OpEx
−$6.7K −$3.63/SF
NOI
$15.6K $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%
$313,000
Cap Rate 7%
$223,571
Cap Rate 9%
$173,889
Alternative Uses
Best Use
Retail
$223.6K
$195.6K – $260.8K
NOI $15,650 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$402.1K
$351.8K – $469.1K
NOI $28,145 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,272 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail 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?
Storefront property - Commercial building with electric heat on a one-acre corner lot and access to three named roads.
Where is this storefront property located?
The property is located at 4158 Carolina 33 Greenville, NC.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,847‑square‑foot commercial building; One‑acre corner lot; Access to NC Hwy 33 W, NC 222, and Porter Rd.
