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Property profile & analytics
OFF-MARKET
Estimated value
$24,745,000
Office buildings
1240 Sugg Pkwy Greenville, NC 27834-9006
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-4886977
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
253,726 SF
Lot
35.42 ac (1,542,895 SF)
Zoning code
PIU
APN
83188
UPID
US53-4886977
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Catalent Greenville Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.52M
Blend (final)
Blend
$24.75M
Owner & transaction history
Ricky Divestco INC · 3 yrs held
Ricky Divestco INC
since 2022
4 recorded transactions
Zoning & alternative use
PIU · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$31.4M
+49.8%
Apartment house (5+ units)
$25.2M
+20.3%
Neighborhood: shopping center
$23.7M
+13.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$20,975,000
Current use
MEDICAL BUILDING
$31,415,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$25,240,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$23,695,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$19,620,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$24.75M
Range $22.27M – $27.22M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$269,435
Tax year 2023
Assessed value
$34,731,892
Assessed 2023
Previous assessed
$34,731,892
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,062,600
Assessed improvement
$33,669,292
Land market value
$1,062,600
Improvement market value
$33,669,292
Total market value
$34,731,892
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
6
Stories
1
Bathrooms
4
Total area
253,726 SF
Lot
35.42 ac (1,542,895 SF)
Zoning code
PIU
APN
83188
UPID
US53-4886977
Jurisdiction
PITT
Zoning & alternative use
PIU · Greenville, NC
Zoning PIU · permitted uses
PIU · Greenville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greenville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$21.0M
MEDICAL BUILDING
Est. value
$31.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$25.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.7M
COMMERCIAL (GENERAL)
Est. value
$19.6M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
6
Bathrooms
4
Lot
35.42 ac
Current owner
From public records · entity-resolved
Ricky Divestco INC
Entity
Free & Clear · 3 yrs held
Mailing address
1240 SUGG PKWY, GREENVILLE, NC 27834-9006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2023
—
Catalent Greenville INC
—
Deed
related
$2,525,733 · Jpmorgan Chase Bank NA
Oct 3, 2022
—
Ricky Divestco INC
Mayne Pharma Commercial LLC
Special Warranty Deed
—
May 1, 2006
—
Metrics INC
Owner Name Unavailable
Grant Deed
related
—
—
—
Metrics INC
—
Deed Of Trust
related
$48,500 · Midcap Fndg
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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