Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Cor Of Dickinson Ave And Spg Frst Rd Greenville, NC 27834

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5.3 Acres, High Traffic, CH Zoning

    Property Features for 0 Cor Of Dickinson Ave And Spg Frst Rd

    General Information

    Property type
    Land
    Lot Size
    230,868 SF

    We can help!

    Listing Contact
    Stephanie Warren
    Stephanie Warren

    Listing Agency: Kittrell & Armstrong LLC Listing Agent: Stephanie Warren

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 5.3-acre commercial land parcel is situated at the highly visible corner of Dickinson Avenue and Spring Forest Road in Greenville, North Carolina, zip code 27834, Pitt County. The property boasts a strategic location with an average daily traffic count of 17,500 vehicles, ensuring maximum exposure for any development. Zoned CH (Heavy Commercial), this versatile tract offers a wide array of potential uses, including but not limited to governmental municipal buildings, recreational facilities, medical offices, and retail establishments. The asking price is $1,855,000, translating to $350,000 per acre. This represents a significant opportunity for investors seeking a high-traffic, high-visibility location in a thriving area. The property's APN is 58806. The lot size is 5.3 acres. No lease options are currently available. The sale is offered as a 100% ownership opportunity. This prime location and flexible zoning make this property an ideal investment for a variety of commercial ventures. The property is for sale by owner. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area. Don't miss this chance to secure a prominent presence in Greenville's bustling commercial landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.406070694575
    Latitude
    35.592161289112

    Nearby Similar for Sale

    • Contact for pricing
      800 SF

      Office Space in Greenville, NC

      Office space with four offices, reception, kitchenette, and bathroom.
      609 Country Club Dr, Greenville, NC 27834
      View Details
    • $275,000
      2,000 SF

      Greenville Duplex Near Schools

      Duplex with three-bedroom units, close to schools.
      2505 E 3Rd St, Greenville, NC 27858
      View Details
    • $200,000
      Pending

      Greenville Duplex with Leases

      Duplex in Greenville, NC with long-term leases in place.
      1214 Davenport St, Greenville, NC 27834
      View Details
    • $1,875,000
      11,464 SF

      Industrial Flex Office Warehouse Space

      Industrial, flex, office, and warehouse spaces available for sale.
      829-843 W Star St, Greenville, NC 27834
      View Details
    • $430,000
      4,544 SF

      Greenville Multi-Unit Investment Opportunity

      Three duplexes on one parcel, offering income and renovation potential.
      519 Mckinley Ave, Greenville, NC 27834
      View Details
    • $275,000
      Pending

      Greenville Multifamily Investment Opportunity

      Updated multifamily property in Greenville, NC with income potential.
      1505 Halifax St, Greenville, NC 27834
      View Details
    • $255,000
      Pending

      Greenville Multifamily Investment Opportunity

      Multifamily property in Greenville, NC with income potential.
      403 Paris Ave, Greenville, NC 27834
      View Details
    • $255,000
      Pending

      Greenville Multifamily Investment Opportunity

      Turnkey multifamily property in Greenville, NC with income potential.
      405 Paris Ave, Greenville, NC 27834
      View Details
    • $360,000
      Pending

      Greenville Multifamily Investment Opportunity

      Turnkey triplex with income potential in Greenville, North Carolina.
      1503 Pari St, Greenville, NC 27834
      View Details
    • $190,000
      Pending

      Greenville Multifamily Investment Opportunity

      Multifamily property in Greenville, NC with income potential.
      804 Imperial St, Greenville, NC 27834
      View Details
    • $1,025,000
      225 SF

      Dixon Professional Building Office Space

      Individual office space with included utilities and WiFi in Greenville.
      110 E Arlington Blvd, Greenville, NC 27858
      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

    FAQs

    What type of property is this?
    Land - 5.3 Acres, High Traffic, CH Zoning
    Where is this land located?
    The property is located at Cor Of Dickinson Ave And Spg Frst Rd Greenville, NC.
    What is the asking price?
    The asking price for this property is $1,855,000.
    What are key features of this property?
    This property features: High-visibility corner lot at Dickinson Ave & Spring Forest Rd.; Prime 5.3-acre parcel at the corner of Dickinson Avenue and Spring Forest Road in Greenville, NC.; High traffic count of 17,500 vehicles per day.
    (817) 559-3196 Call to check price and availability
    Request Owner's contact information
    Cor Of Dickinson Ave And Spg Frst Rd Greenville, NC 27834
    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.
    Cor Of Dickinson Ave And Spg Frst Rd
    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.

    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
    Cor Of Dickinson Ave And Spg Frst Rd Greenville, NC 27834
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Stephanie Warren
    Stephanie Warren
    Real Estate License ID: 340713
    (817) 559-3196 (252) 355-0088
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!