Flex Office and Warehouse
829-843 W Star St Greenville, NC 27834
For Sale
Contact for pricing
Flex office and warehouse with enclosed drive-in shelters, four drive-in bays, and concrete slab floors.
Property Size11,464 SF
Price / SF$146.98
Days on Market498
Property Features for 829-843 W Star St
General Information
Standard status
Active
Size
11,464 SF
Property subtype
INDUSTRIAL
Listing Agency:
Keller Williams Points East
(910) 729-9180
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Source:
Moodyscre
Added: Mar 20, 2025
Changed: Jul 25
Last Checked: Jul 29 at 3:27PM
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 Keller Williams Points East
Investment Insights
Based on property information with market context.
This flex property at West Star Commercial Park includes a 2-story office area plus a warehouse with concrete slab floors. The office space is approximately 4,083 SF and features five bathrooms, a break room, and a conference room. The warehouse component is approximately 7,378 SF and includes four drive-in bays and three enclosed shelters, with one shelter identified as approximately 2,500 SF and the two others identified as approximately 1,250 SF each.
The property sits on a fully fenced and secured site that also includes land behind the warehouse. It is zoned CH Heavy Commercial.
The combined office-and-warehouse layout is designed to support light flex operations requiring both administrative space and warehouse access through multiple drive-in bays.
The property sits on a fully fenced and secured site that also includes land behind the warehouse. It is zoned CH Heavy Commercial.
The combined office-and-warehouse layout is designed to support light flex operations requiring both administrative space and warehouse access through multiple drive-in bays.
Key Highlights
- Office space: 4,083 +/- SF, 2‑story with 5 bathrooms, break room, and conference room
- Warehouse space: 7,378 +/- SF with concrete slab floors and 4 drive‑in bays
- Includes three enclosed drive‑in shelters: one 2,500 SF and two 1,250 SF shelters (enclosed on all sides except front)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.5k | $17.40 |
| − Vacancy | −$34.9k | −$3.05 |
| EGI | $164.6k | $14.35 |
| − OpEx | −$41.1k | −$3.59 |
| NOI | $123.4k | $10.77 |
11,464 SF · lease $17.40/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.06M
NOI $123,424 @ 7.0% cap · market cap 7.32%
Second Best
Flex RnD
$1.39M
$1.22M – $1.63M
NOI $97,506 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,689 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex office and warehouse with enclosed drive-in shelters, four drive-in bays, and concrete slab floors.
Where is this flex space located?
The property is located at 829-843 W Star St Greenville, NC.
What is the asking price?
The asking price for this property is $1,685,000.
What are key features of this property?
This property features: Office space: 4,083 +/- SF, 2‑story with 5 bathrooms, break room, and conference room; Warehouse space: 7,378 +/- SF with concrete slab floors and 4 drive‑in bays; Includes three enclosed drive‑in shelters: one 2,500 SF and two 1,250 SF shelters (enclosed on all sides except front)
