Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2416 Emerald Pl Greenville, NC 27834
    Property profile & analytics

    2416 Emerald Pl Greenville, NC 27834

    View on Map
    • Office properties & Spaces
    • 1.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2416 Emerald Pl

    Lot size
    1.64 lot acres
    Property type
    Office properties & Spaces
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.407
    Latitude
    35.6017

    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
      1.54 Acres

      Gtwy Dr

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

      Gtwy Dr

      Individual retail properties • 1.13 Acres
      0 Gtwy Dr, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      1.55 Acres

      3200 Stantonsburg Rd

      Individual retail properties • 1.55 Acres
      3200 Stantonsburg Rd, 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

    Similar Nearby for Sale

    • Contact for pricing

      32 Acres Mixed Use Land

      32 acres of mixed-use land in Greenville's Medical District.
      W Arlington Blvd, 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
    • $1,500,000
      4.50 Acres

      Greenville Commercial Land - $1.5M

      4.5 Acres, High-Traffic Intersection, CG Zoning
      0 Williams Rd, Greenville, NC 27834
      View Details
    • Contact for pricing

      Land Parcel in Greenville, NC

      Land for sale in Greenville, North Carolina.
      431 W 3Rd St, Greenville, NC 27834
      View Details
    • $800,000
      12.30 Acres

      Greenville Land with Development Potential

      12.3-acre lot with rezoning potential in Greenville, NC.
      Greenville Blvd SW, Greenville, NC 27834
      View Details
    • $500,000
      6.61 Acres

      Greenville Residential Land - 6.61 Acres

      Prime Greenville land, ideal for multi-family. High-density zoning.
      0 Westover Dr, Greenville, NC 27834
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      900 SF

      Functional Office Space in Greenville

      900 SF office suite with reception and private offices.
      3105 S Evans St, Greenville, NC 27834
      View Details
    • Contact for pricing
      4,626 SF

      Mixed-Use Space in Downtown Greenville

      Versatile 4,626 sq ft space in a high-traffic downtown location.
      306 E 10Th St, Greenville, NC 27834
      View Details
    • $16 SF/Yr
      4,325 SF

      Office and Flex Space Available

      Office and warehouse/flex space near Greenville for lease.
      4597 Us Highway 264, Greenville, NC 27834
      View Details
    • Contact for pricing

      Greenville Medical Office Space Available

      Premier medical office space for sale or lease in Greenville.
      2459 Emerald Pl, Greenville, NC 27834
      View Details
    • $2,900 /Mo
      1,945 SF

      Move-in Ready Office Space Available

      Well-maintained office complex with flexible options and all-inclusive amenities.
      404 St Andrews Dr, 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.
    2416 Emerald Pl
    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
    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

    Thank You for Inquiry
    2416 Emerald Pl, Greenville, NC, 27834
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!