Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    600 3rd St Greenville, NC 27834-1926

    • Schools
    • 20,599 SF
    • 6.22 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1850095
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kelly Marie Trainor / Physician
    • Journey Church / Church / Mosque
    • Third Street Academy / High School
    • ThirdStreet Academy Community Garden / Community Garden
    • Life of NC Inc / Business Service Center / Employment Agency

    Property Details for 600 3rd St

    Year built
    1929
    Lot size
    6.22 lot acres
    Property size
    20,599 SF
    Zone code
    CDF
    Property type
    Schools
    APN
    28933
    APU
    28933

    Description

    This exceptional 7.46-acre commercial land parcel presents a unique investment opportunity in Greenville, North Carolina. Situated just a short walk from the city's vibrant downtown core, this property boasts 520 feet of desirable waterfront along the Tar River. Its strategic location offers unparalleled access to a thriving community, placing it only one mile from East Carolina University (with an enrollment of 28,500 students) and two miles from the ECU Health Medical Campus (employing 6,500 individuals). The property's current zoning designation is CDF, making it well-suited for a variety of commercial developments, particularly multi-family projects. While the site currently includes two buildings, a warehouse, and open storage areas, these existing structures offer potential for adaptive reuse or redevelopment. The property's substantial size and prime location, combined with its proximity to major educational and medical institutions, create a compelling investment proposition with significant long-term growth potential. The property's APN is 83962. The asking price for this remarkable waterfront property is $3,730,000. This is a rare opportunity to acquire a significant piece of Greenville's waterfront real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.3801
    Latitude
    35.6153
    CBSA code
    24780
    CBSA name
    GREENVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $186,600
    $606,658
    $793,258
    -
    $186,600
    $606,658
    $793,258

    Comparable in this City

    • Value Estimation
      $2,650,000
      51,430 SF

      4000 Macgregor Downs Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 51,430 SF
      4000 Macgregor Downs Rd, Greenville, NC 27834-7413
      View Details
    • Value Estimation by Request
      0.65 Acres

      Reedy Br Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 0.65 Acres
      Reedy Br Rd, Greenville, NC 27834
      View Details
    • Value Estimation
      $2,530,000
      81,011 SF

      1621 Greenville SW Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 81,011 SF
      1621 Greenville SW Blvd, Greenville, NC 27834-7027
      View Details
    • Value Estimation by Request
      0.28 Acres

      10th St

      FUNERAL HOME • 0.28 Acres
      10th St, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      22,336 SF

      1530 Hooker Rd

      Automotive properties • 22,336 SF
      1530 Hooker Rd, Greenville, NC 27834
      View Details
    • Value Estimation
      $1,135,000
      24,999 SF

      532 Moye Blvd

      DAY CARE, PRE-SCHOOL • 24,999 SF
      532 Moye Blvd, Greenville, NC 27834-3326
      View Details

    Similar Nearby for Sale

    • $700,000
      1.60 Acres

      3600 Memorial Dr

      Automotive properties • 1.60 Acres
      3600 Memorial Dr, Greenville, NC 27834
      View Details
    • Contact for pricing
      1,302 SF

      Spacious Townhome Near ECU Medical

      2-bedroom, 2.5-bath townhome near ECU Medical Center with private patio.
      870 Spring Forest Rd, Greenville, NC 27834
      View Details
    • $965,000
      9.43 Acres

      Land Near ECU Medical District

      9.43-acre site near ECU Health Center Hospital.
      4686 Stantonsburg Rd, Greenville, NC 27834
      View Details
    • $700,000
      1.01 Acres

      Greenville, NC Development Land

      1.01 Acres, $700,000, High Traffic Area
      2458 Allen Rd, Greenville, NC 27834
      View Details
    • Contact for pricing
      0.98 Acres

      Greenville Commercial Land Outparcel

      Prime Greenville NC land, build-to-suit options.
      2499 Memorial Dr, Greenville, NC 27834
      View Details
    • $450,000
      0.84 Acres

      Greenville Medical Office Land

      Prime 0.84-acre medical office lot
      2650 Stantonsburg Rd, Greenville, NC 27834
      View Details

    Similar Nearby for Lease

    • $2,900 /Mo
      1,775 SF

      Move-in Ready Office Space Available

      All-inclusive office complex with flexible leasing options in Greenville.
      404 St Andrews Dr, Greenville, NC 27834
      View Details
    • Contact for pricing

      Retail Building on Greenville Boulevard

      3,382 SF retail building on 0.91 acres for lease.
      128 Greenville Blvd Southwest, Greenville, NC 27834
      View Details
    • $15 SF/Yr
      4,711 SF

      Medical Office Near ECU Health

      Medical office space available across from ECU Health's Medical Center.
      2269 Stantonsburg Rd, Greenville, NC 27834
      View Details
    • Contact for pricing

      Prime Corner Lot For Rent

      1.02 AC corner lot with high traffic in Greenville.
      Memorial Dr & Airport Rd, Greenville, NC 27834
      View Details
    • $15 SF/Yr
      3,000 SF

      Downtown Greenville Restaurant Space

      Prime Arts District location, 3,000 sq ft, single tenant.
      622 Pitt St, Greenville, NC 27834
      View Details
    • $72,000
      67,082 SF

      Prime Pitt County Commercial Land

      1.54 Acres, High Visibility, QSR Potential
      2611 Dickinson Ave, Greenville, NC 27834
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    600 3rd St
    Greenville, NC 27834-1926
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.