Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3781 Main St Farmville, NC 27828
    Back to Search
    Property profile & analytics

    3781 Main St Farmville, NC 27828

    View on Map
    • Retail properties & Spaces
    • 7,582 SF
    • 0.63 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3781 Main St

    Year built
    1965
    Lot size
    0.63 lot acres
    Property size
    7,582 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 7,582-square-foot commercial property, located at 3781 S. Main Street in Farmville, NC, presents a unique investment opportunity. Situated on a 0.63-acre lot in the heart of the Central Business District (CBD), this two-story building boasts high visibility at a fully signalized intersection. Previously utilized as a Bank of America branch and Pitt Community College campus, the adaptable space includes three offices, three classrooms, two ground-floor bathrooms, a breakroom, two storage areas, and a secure vault with safe deposit boxes. A convenient drive-thru adds further functionality. The second floor offers additional open space, ample storage, mechanical and electrical rooms, and two more bathrooms. Built in 1965, the single-tenant building is currently vacant and ready for immediate occupancy. The property's zoning designation (CBD) allows for a variety of commercial uses. The lease rate is $12.00 per square foot, NNN. This prime location offers unparalleled accessibility and exposure, making it an ideal choice for businesses seeking a prominent presence in the thriving Farmville community. The property features one building with no elevators. The cross street is Church Street, and the APN is 00778.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.5862
    Latitude
    35.5959

    Comparable in this City

    • Value Estimation by Request
      357 SF

      3532 Red Tip Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 357 SF
      3532 Red Tip Ln, Farmville, NC 27828-9364
      View Details
    • Value Estimation by Request
      2,500 SF

      3757 Main St

      DEPARTMENT STORE • 2,500 SF
      3757 Main St, Farmville, NC 27828-8546
      View Details
    • Value Estimation by Request
      6,909 SF

      1 Main St, Unit 1

      DEPARTMENT STORE • 6,909 SF
      1 Main St, Farmville, NC 27828-8546
      View Details
    • Value Estimation by Request
      0.93 Acres

      Lee St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 0.93 Acres
      Lee St, Farmville, NC 27828
      View Details
    • Value Estimation
      $2,385,000
      1.18 Acres

      Memorial Dr

      DEPARTMENT STORE • 1.18 Acres
      Memorial Dr, Farmville, NC 27828
      View Details
    • Value Estimation by Request
      1,000 SF

      2040th Park St

      CONDOMINIUM OFFICES • 1,000 SF
      2040th Park St, Farmville, NC 27828
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,100 SF

      Medical Office in Downtown Farmville

      Medical office with exam rooms and recent parking lot improvements.
      3450 S Contentnea St, Farmville, NC 27828
      View Details
    • $35,000
      0.16 Acres

      Residential Land in Farmville, NC

      0.16-acre residential land ready for building in Farmville, NC.
      4617821019 Williams St, Farmville, NC 27828
      View Details
    • New
      $92,000
      2.16 Acres

      2.16 Acre Property Near Farmville

      2.16-acre property suitable for homesite or small development.
      3278 Moye Turnage Rd, Farmville, NC 27828
      View Details
    • New
      $275,000
      14.00 Acres

      Farmville Land with Barn

      14-acre property with barn, ideal for horse or hobby farm.
      615 Dizon Dead End Rd, Farmville, NC 27828
      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.
    3781 Main St
    Farmville, NC 27828
    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
    3781 Main St, Farmville, NC, 27828
    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!