For Sale
$1,695,000
829 W Star St, Greenville, NC 27834
Greenville Flex Industrial Space
Property Size16,000 SF
Price / SF$105.94
Days on Market103
Property Features for 829 W Star St
General Information
Standard status
Active
Property type
Flex space, Manufacturing properties, Distribution centers, Industrial properties
Size
16,000 SF
Total Parking Spaces
30
Building Details
Year Built
1995
Buildings
5
Listing Agency:
(910) 729-9180
Listed By:
Tim
(910) 729-9180
Added: Apr 25
Financial Insights For Flex RnD
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 | $224.6k | $14.04 |
| − Vacancy | −$15.3k | −$0.95 |
| EGI | $209.4k | $13.09 |
| − OpEx | −$73.3k | −$4.58 |
| NOI | $136.1k | $8.51 |
16,000 SF · lease $14.04/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.94M
$1.70M – $2.27M
NOI $136,087 @ 7.0% cap · market cap 8.03%
Second Best
Warehouse
$1.72M
$1.50M – $2.00M
NOI $120,161 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,809 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Greenville Flex Industrial Space
Where is this flex space located?
The property is located at 829 W Star St Greenville, NC.
What is the asking price?
The asking price for this property is $1,695,000.
