Entity Owned
No photos on file
For Sale
Contact for pricing
1640 Allen Rd, Greenville, NC 27834
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Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
92,080 SF
Lot
5.3 ac (230,868 SF)
Zoning code
MCH
APN
3030
UPID
US53-1784198
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
-
Storage Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$845k
Owner & transaction history
since 2016
6 recorded transactions
Zoning & alternative use
MCH · Greenville, NC
Zoning description
MCH Medical-Heavy Commercial MCH-CZ SEC. 9-4-326. CONDITIONAL ZONING DISTRICT PURPOSE. (A) The purpose of each conditional zoning district is the same as its corresponding original base zoning district. (B) Conditional z…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$845k
Value range
$761k – $930k
±10% around blend
Estimated value / SF
$9 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$761k
blend $845k
$930k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
92,080 SF
Lot area
5.3 ac
Year built
2022
Stories
1
APN
3030
Zoning
MCH
Assessed value
$2,355,947
Annual tax
$19,757
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.12M
Range $1.25M – $4.86M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$845k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$31
-71%
Submarket 48 sales
$32
-72%
County 82 sales
$31
-70%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $9/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.36M
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$148k
$2.97M
$2.12M
$1.65M
$165k
$3.30M
$2.36M
$1.83M
$181k
$3.63M
$2.59M
$2.02M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,757
Tax year 2023
Assessed value
$2,355,947
Assessed 2023
Previous assessed
$848,559
+177.6% YoY
Effective rate
0.84%
On assessed value
Assessed land
$333,900
Assessed improvement
$2,022,047
Land market value
$333,900
Improvement market value
$2,022,047
Total market value
$2,355,947
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
2022
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
92,080 SF
Lot
5.3 ac (230,868 SF)
Zoning code
MCH
APN
3030
UPID
US53-1784198
Jurisdiction
PITT
Zoning & alternative use
MCH · Greenville, NCZoning MCH · permitted uses
MCH · Greenville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
MCH Medical-Heavy Commercial MCH-CZ SEC. 9-4-326. CONDITIONAL ZONING DISTRICT PURPOSE. (A) The purpose of each conditional zoning district is the same as its corresponding original base zoning district. (B) Conditional z…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
5.3 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MCH
COMMERCIAL
Jurisdiction
Greenville, NC
Recorded code
MCH
Official district
MCH
Official district profile
What the municipal code says about MCH
Zoning description
MCH Medical-Heavy Commercial MCH-CZ SEC. 9-4-326. CONDITIONAL ZONING DISTRICT PURPOSE. (A) The purpose of each conditional zoning district is the same as its corresponding original base zoning district. (B) Conditional z…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MCH in Greenville, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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