Property profile

1407 Evans St Greenville, NC 27834

OFF-MARKET
Commercial real estate
Property ID
US53-1481873
30,330 SF 1.98 ac lot Built 1910
Individually Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 30,330-square-foot office building presents a compelling investment opportunity in Greenville, North Carolina. Situated on a 1.98-acre lot at the highly visible intersection of Evans Street and 14th Street, this single-story, 1940-built structure benefits from significant street frontage and excellent exposure to high traffic volume. Its convenient location offers proximity to both the vibrant downtown Greenville area and East Carolina University, providing access to a diverse workforce and a strong potential tenant pool. The property is zoned CH and features a traditional office layout suitable for multiple tenants. The Pitt County location, within the Greenville MSA and Eastern North Carolina submarket cluster, offers a stable and growing market. The property's address is 1407 Evans St, Greenville, NC 27834, with the APN listed as 03627. This well-positioned asset offers significant potential for redevelopment or continued operation as a thriving office space. The building's size and location make it ideal for a variety of businesses seeking a prominent presence in a dynamic and growing community. The property's history and current configuration provide a solid foundation for future success.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1910
Total area 30,330 SF
Lot 1.98 ac (86,249 SF)
Zoning code CH
APN 3627
UPID US53-1481873

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

1407 Evans St Greenville, NC 27834-4101
Greenville metro Census 102 GREENVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.02M
Blend (final) Blend
$2.53M

Owner & transaction history

since 2005
1 recorded transaction
2005
$1.5M

Zoning & alternative use

CH · Greenville, NC
Zoning description

zoning district other than CH (Heavy Commercial), IU (Unoffensive Industry) and I (Industry) Zoning Districts, the City may require removal or relocation of the sign in accordance with this Section and applicable state l…

General category COMMERCIAL
Top alternative use upside
Medical building $3.8M +60.1%
Apartment house (5+ units) $3.0M +28.6%
Neighborhood: shopping center $2.8M +20.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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