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    Greenville NC Industrial Complex For Sale Title is generated by Realmo AI

    829 W Star St, Greenville, NC 27834

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    Industrial, flex, office, and warehouse complex in Greenville, NC.

    Type:Industrial
    Property size:
    11,464 SF
    Price / SF:
    $147/SF
    Added:
    Mar 25, 2024
    Days on Market:
    834
    Last Refresh:
    May 19 at 9:04 pm

    Property Features for 829 W Star St

    General Information

    Standard status
    Active
    Size
    11,464 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1995

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    Tim Ferruzzi
    Tim Ferruzzi

    Listing office Keller Williams Realty Points East

    Listing date Mar 25, 2024

    Source Crexi

    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

    HighLights

    • Two‑lot complex offering flexibility for industrial, flex, office, or warehouse use.
    • Located in West Star Commercial Park, a thriving economic center in Pitt County/Greenville.
    • Conveniently situated off Alternate US Hwy 264 and 1 mile from NC Hwy 11 Bypass/Beltline.
    • Abundant land and industrial parks in the area offer companies lower‑cost alternatives.
    • Built in 1995.
    • Owner/Agent is a North Carolina Licensed Broker.

    Overview

    This complex, located in West Star Commercial Park off Alternate US Hwy 264 in Greenville, North Carolina, features industrial, flex, office, and warehouse spaces. Situated one mile from NC Hwy 11 Bypass/Beltline in Pitt County, the property benefits from its location in a thriving economic center and one of the fastest-growing regions in the state. The complex comprises two lots identified by Pitt County Parcel IDs 50066 and 50067. The property contains 11,464 square feet of space. The location offers companies lower-cost alternatives and room for growth.

    Local Financial Insights For Office B

    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 $199.5k $17.40
    − Vacancy −$34.9k −$3.05
    EGI $164.6k $14.35
    − OpEx −$41.1k −$3.59
    NOI $123.4k $10.77
    11,464 SF · lease $17.40/SF/yr · vacancy 17.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.76M
    $1.54M – $2.06M (±1% cap)
    NOI $123,424 @ 7.0% cap · market cap 7.28%
    Second Best
    Flex RnD
    $1.39M
    $1.22M – $1.63M (±1% cap)
    NOI $97,506 @ 7.0% cap · market cap 5.75%
    Theoretical Best
    Office A
    $2.50M
    $2.18M – $2.91M (±1% cap)
    NOI $174,689 @ 7.0% cap · market cap 10.31%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Highland Residential & Commercial ... Roofing Company Greenville Seamless Gutters Hardware & Home Improvement Handy Helpers Inc. Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Spa & Massage Center Law Firm Department Store Storage Facility Electrical Service Grocery & Convenience Store Clothing & Fashion Store Daycare Center Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.4399222
    Latitude
    35.5684181

    FAQs

    What type of property is this?
    Flex space - Industrial, flex, office, and warehouse complex in Greenville, NC.
    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.
    What are key features of this property?
    This property features: Two‑lot complex offering flexibility for industrial, flex, office, or warehouse use.; Located in West Star Commercial Park, a thriving economic center in Pitt County/Greenville.; Conveniently situated off Alternate US Hwy 264 and 1 mile from NC Hwy 11 Bypass/Beltline.
    (910) 729-9180 Call to check price and availability
    More about this property
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