Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Old Creek Rd Greenville, NC 27834
    Back to Search
    Property profile & analytics

    Old Creek Rd Greenville, NC 27834

    View on Map
    • Land
    • 16.66 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Old Creek Rd

    Lot size
    16.66 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 16.66-acre vacant land parcel presents a compelling investment opportunity in Greenville, North Carolina. Located at 0 Old Creek Road, this property offers convenient access from both Old Creek Road and Progress Road, providing excellent accessibility for various industrial uses. The property is zoned I & RA20, allowing for both industrial and residential agricultural development, enhancing its versatility. The asking price is $272,000. The property's location near the Indigreen Corporate Park adds to its appeal, providing proximity to established businesses and infrastructure. Its strategic location in Pitt County, near Pitt-Greenville Airport, Uptown Greenville, and East Carolina University, positions it within a thriving economic region boasting a diverse range of industries, including healthcare, education, and manufacturing. This presents a unique chance to capitalize on the growth potential of this dynamic area. The parcel's size and zoning make it suitable for a wide range of development projects. The property is identified by APN numbers 80730 & 12353. This is a ground lease-free opportunity. This is a vacant property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.2966
    Latitude
    35.6542

    Comparable in this City

    • Value Estimation by Request
      9.50 Acres

      1354 Old Creek Rd

      Land • 9.50 Acres
      1354 Old Creek Rd, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      1.45 Acres

      Mumford Rd

      Land • 1.45 Acres
      0 Mumford Rd, Greenville, NC 27834
      View Details
    • Value Estimation by Request

      3920 Dickinson Ave

      Distribution properties
      3920 Dickinson Ave, Greenville, NC 27834
      View Details
    • Value Estimation by Request

      2400 Allen Rd

      Distribution properties
      2400 Allen Rd, Greenville, NC 27834
      View Details
    • Value Estimation by Request

      3990 Dickinson Ave

      Distribution properties
      3990 Dickinson Ave, Greenville, NC 27834
      View Details
    • Value Estimation by Request
      10.08 Acres

      3749 Stantonsburg Rd

      Land • 10.08 Acres
      3749 Stantonsburg Rd, Greenville, NC 27834
      View Details

    Similar Nearby for Sale

    • $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
    • $120,000
      7.00 Acres

      7 Acres Land in Greenville

      Cleared 7-acre land parcel with workshop and barns.
      1324 Rams Horn Rd, Greenville, NC 27834
      View Details
    • $1,495,000
      16,000 SF

      829 Star St

      Greenville Flex Industrial Space
      829 Star 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
    • $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
    • $149,000

      Land Parcel in Greenville, NC

      Land for sale in Greenville, North Carolina.
      431 W 3Rd St, Greenville, NC 27834
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,440 SF

      Greenville, NC Industrial Warehouse

      Class A warehouse, 100,440 SF, 17.3 acres.
      0 Sugg Pkwy, Greenville, NC 27834
      View Details
    • $8 SF/Yr

      Greenville Industrial Flex Space

      50,000 sq ft industrial flex space for lease.
      Woodridge Park Rd, Greenville, NC 27834
      View Details
    • Contact for pricing

      Contractor Garage Units For Lease

      Spacious contractor garage units perfect for contractors and distributors.
      100 Staton Rd, Greenville, NC 27834
      View Details
    • Contact for pricing
      50,000 SF

      Industrial Warehouse Space For Lease

      50,000 sq ft warehouse with laydown yard, near I-785.
      Woodridge Park Rd, Greenville, NC 27834
      View Details
    • $18 SF/Yr
      8,000 SF

      Office and Flex Space Available

      Office and warehouse/flex space near Greenville for lease.
      4597 Us Highway 264, Greenville, NC 27834
      View Details
    • $8 SF/Yr
      11,730 SF

      Greenville Flex Space Available

      11,730 SF flex space in Greenville's industrial district.
      801 Mumford 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.
    Old Creek 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
    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
    Old Creek Rd, 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!