Industrial Flex Space with
For Sale
$1,695,000
829843 829-843 W Star St, Greenville, NC 27834
Flexible industrial facility with additional shelter structures for manufacturing, warehousing, or distribution operations.
Property Size11,464 SF
Price / SF$147.85
Days on Market54
Property Features for 829843 829-843 W Star St
General Information
Standard status
Active
Size
11,464 SF
Building Details
Year Built
1995
Listing Agency:
Keller Williams Realty Points East
Listed By:
Timothy Ferruzzi · License #89665
(910) 729-9180
Source:
Barefootbrokers
Added: Aug 22
Changed: Oct 3
Last Checked: Oct 12 at 8:57PM
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 Realty Points East
Investment Insights
Based on property information with market context.
This industrial flex property contains 11,464 square feet and was constructed in 1995. The facility is supported by three additional shelters totaling 5,000 square feet, providing separate covered areas alongside the primary building.
The property is positioned for manufacturing, warehousing, or distribution use, with a configuration that combines enclosed flex space and substantial supplemental shelter capacity. The additional structures broaden the available operational area without changing the core industrial character of the asset.
The property is positioned for manufacturing, warehousing, or distribution use, with a configuration that combines enclosed flex space and substantial supplemental shelter capacity. The additional structures broaden the available operational area without changing the core industrial character of the asset.
Key Highlights
- 11,464‑square‑foot industrial flex property
- Three shelters totaling 5,000 square feet
- Built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,506
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,950,120
$2.0M
Cap Rate 7%
$1,392,943
$1.4M
Cap Rate 9%
$1,083,400
$1.1M
Market Conditions
NOI Build-Up for 11,464 SF
Gross rent
$161.0K $14.04/SF
− Vacancy
−$10.9K −$0.95/SF
EGI
$150.0K $13.09/SF
− OpEx
−$52.5K −$4.58/SF
NOI
$97.5K $8.51/SF
Area
Pitt County, NC
Vacancy
6.80%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,950,120
Cap Rate 7%
$1,392,943
Cap Rate 9%
$1,083,400
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.22M – $1.63M
NOI $97,506 @ 7.0% cap · market cap 5.75%
Second Best
Warehouse
$1.23M
$1.08M – $1.43M
NOI $86,095 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,689 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
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 - Flexible industrial facility with additional shelter structures for manufacturing, warehousing, or distribution operations.
Where is this flex space located?
The property is located at 829843 829-843 W Star St Greenville, NC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 11,464‑square‑foot industrial flex property; Three shelters totaling 5,000 square feet; Built in 1995
