Greenville Flex Industrial
For Sale
$1,495,000
829 Star St, Greenville, NC 27834
Greenville Flex Industrial Space
Property Size16,000 SF
Price / SF$93.44
Days on Market174
Property Features for 829 Star St
General Information
Standard status
Active
Property type
Other industrial properties, Industrial properties
Size
16,000 SF
Total Parking Spaces
30
Building Details
Year Built
1995
Buildings
5
Listed By:
Tim Ferruzzi
(910) 729-9180
Added: Apr 25
Changed: Aug 31
Investment Insights
Based on property information with market context.
This industrial flex space is available for sale, offering a turnkey solution for immediate occupancy. The property includes three shelters totaling 5,000 square feet, providing versatility for various operational needs. It is suitable for manufacturing, warehousing, or distribution purposes. The property is located in Greenville, North Carolina, with the postal code 27834.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,956
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,979,120
$2.0M
Cap Rate 7%
$1,413,657
$1.4M
Cap Rate 9%
$1,099,511
$1.1M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$151.7K $9.48/SF
− Vacancy
−$10.3K −$0.64/SF
EGI
$141.4K $8.84/SF
− OpEx
−$42.4K −$2.65/SF
NOI
$99.0K $6.18/SF
Area
Pitt County, NC
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,979,120
Cap Rate 7%
$1,413,657
Cap Rate 9%
$1,099,511
Alternative Uses
Best Use
Industrial
$1.41M
$1.24M – $1.65M
NOI $98,956 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,809 @ 7.0% cap · market cap 16.31%
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
143
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - Greenville Flex Industrial Space
Where is this industrial property located?
The property is located at 829 Star St Greenville, NC.
What is the asking price?
The asking price for this property is $1,495,000.
