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

    Springfield Dr Greenville, NC 27834

    • Land
    • 12.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Springfield Dr

    Lot size
    12.00 lot acres
    Property type
    Land

    Description

    This exceptional 12-acre commercial land parcel presents a unique investment opportunity in Greenville, North Carolina. Strategically located on the corner of Greenfield Boulevard and N Memorial Drive (Highway 13), this property boasts unparalleled visibility for commuters traveling along this major thoroughfare. The site offers convenient access for those heading north or south on Highway 13, ensuring high traffic exposure for any future development. Approximately 9.6 acres are zoned CH, while the remaining acreage is zoned R9 and R6, providing flexibility for a variety of commercial uses. The property's location within an Opportunity Zone adds further investment appeal. The two associated APNs are 4689431022 and 4689337810. With its prime location, substantial size, and diverse zoning, this land parcel is ideally suited for a range of commercial ventures. The potential for subdivision further enhances its development possibilities, making it an attractive proposition for both individual investors and larger development firms seeking a high-impact location in a growing market. The asking price for this exceptional property is $1,020,000. The property's address is 0 Springfield Dr, Greenville, NC 27834, situated in Pitt County.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.371
    Latitude
    35.6446

    Comparable in this City

    • Value Estimation by Request
      34.00 Acres

      Arlington Blvd

      Multifamily properties • 176,000 SF
      0 Arlington Blvd, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      1.64 Acres

      2416 Emerald Pl

      Land • 1.64 Acres
      2416 Emerald Pl, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      1.54 Acres

      Gtwy Dr

      Individual retail properties • 1.54 Acres
      0 Gtwy Dr, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      4.84 Acres

      Westpointe Dr

      Land • 4.84 Acres
      0 Westpointe Dr, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      1.00 Acre

      Stantonsburg Rd

      Land • 1.00 Acre
      0 Stantonsburg Rd, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      9.80 Acres

      Memorial Dr

      Land • 9.80 Acres
      0 Memorial Dr, Greenville, NC 27834
      View Details

    Similar Nearby for Sale

    • $581,250
      1.55 Acres

      Gateway West Commercial Land

      1.55 Acres, Prime Greenville Location
      3200 Stantonsburg Rd, Greenville, NC 27834
      View Details
    • $1,855,000
      5.30 Acres

      Greenville Commercial Land Opportunity

      5.3 Acres, High Traffic, CH Zoning
      0 Cor Of Dickinson Ave And Spg Frst Rd, Greenville, NC 27834
      View Details
    • $175,000
      0.34 Acres

      Greenville Commercial Land - $175K

      0.34-acre commercial lot, high traffic area.
      0 Greenville Blvd, Greenville, NC 27834
      View Details
    • $140,609
      0.19 Acres

      Greenville Medical Office Land

      Prime 0.19-acre medical site, build-ready.
      2448 Emerald Pl, Greenville, NC 27834
      View Details
    • $165,000
      1.67 Acres

      Greenville Office Land - 1.67 Acres

      Prime Greenville office lot, high-traffic area.
      0 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

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      210,830 SF

      Westpointe Commercial Land

      4.84 Acres, Greenville, NC. Prime Development Site.
      0 Westpointe Dr, Greenville, NC 27834
      View Details
    • Contact for pricing

      Entitled Land in Opportunity Zone

      4.84-acre commercial land parcel in a rapidly growing area.
      1009 Memorial Dr, 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
    • $9 SF/Yr
      4,000 SF

      Greenville Industrial Warehouse Space

      Modern Greenville warehouse, flexible suites.
      100 Staton Rd, Greenville, NC 27834
      View Details
    • $18 SF/Yr
      10,146 SF

      Medical Office Space For Rent

      Medical office space in a major medical district.
      400 Spring Forest Rd, 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.
    Springfield Dr
    Greenville, NC 27834
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.