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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Office buildings
1430 Arlington Blvd Greenville, NC 27858-5869
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-1460502
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
6,998 SF
Lot
0.69 ac (30,056 SF)
Zoning code
OR
APN
59773
UPID
US53-1460502
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
-
North Carolina Department of Transportation-Right of Way Department Of Transportation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$745k
Owner & transaction history
Rennsport Motorwerks LLC · 3 yrs held
Rennsport Motorwerks LLC
since 2023
Last sale
$772,000
2 recorded transactions
Zoning & alternative use
OR · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+96.4%
Medical building
$865,000
+38.6%
Commercial (general)
$670,000
+7.5%
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
$545,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Current use
RESTAURANT
$1,225,000
Change: +96% · Conversion: Moderate
MEDICAL BUILDING
$865,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$670,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $772k (Feb 1 2023)
Last sale anchor
$772k
Feb 1 2023
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
$106 / 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
$9,982
Tax year 2023
Assessed value
$850,564
Assessed 2023
Previous assessed
$850,564
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$180,000
Assessed improvement
$670,564
Land market value
$180,000
Improvement market value
$670,564
Total market value
$850,564
Applied tax rate
70.0000
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
1999
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
4
Rooms
10
Bathrooms
8
Total area
6,998 SF
Lot
0.69 ac (30,056 SF)
Zoning code
OR
APN
59773
UPID
US53-1460502
Jurisdiction
PITT
Zoning & alternative use
OR · Greenville, NC
Zoning OR · permitted uses
OR · 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
$625,000
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
4
Rooms
10
Bathrooms
8
Lot
0.69 ac
Current owner
From public records · entity-resolved
Rennsport Motorwerks LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 1863, GREENVILLE, NC 27835-1863
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2023
$772,000
Rennsport Motorwerks LLC
Jon Day & Associates INC
Deed
—
—
—
Jon Day & Associates INC
—
Deed Of Trust
related
$675,000 · Little Bk
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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