Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2020 B Stokes Rd, Unit 1 Greenville, NC 27858-9658

    • Warehouses
    • 93,800 SF
    • 14.86 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2021
    $4,875,000
    Value Estimations
    $4,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0763855
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Morse Home Furnishings / Furniture & Home Goods / Home Decor Store
    • The Car Spa / Car Wash
    • Shay’s Authentic Detailing / Car Wash
    • Blue Sky Self Storage - Highway 43 / Storage Facility

    Property Details for 2020 B Stokes Rd

    Year built
    1999
    Lot size
    14.86 lot acres
    Property size
    93,800 SF
    Zone code
    GC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    87561
    APU
    87561

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,145,000
      ML approach
      $3,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,487,000
      Market price range: $1.29M - $4.78M
      AI Estimate
      $4,758,000
      Market price range: $1.72M - $6.61M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,035,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.3176
    Latitude
    35.5436
    CBSA code
    24780
    CBSA name
    GREENVILLE, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,665
    $520,100
    $3,963,543
    $4,483,643
    -
    $520,100
    $3,963,543
    $4,483,643

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      3181 Ivy Rd

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      3181 Ivy Rd, Greenville, NC 27858-7121
      View Details
    • Value Estimation by Request
      2,700 SF

      Aster Ln

      MINI-WAREHOUSE, STORAGE • 2,700 SF
      Aster Ln, Greenville, NC 27858
      View Details
    • Value Estimation by Request
      13,800 SF

      1963 Worthington Rd, Unit F

      MINI-WAREHOUSE, STORAGE • 13,800 SF
      1963 Worthington Rd, Greenville, NC 27858-8376
      View Details
    • Value Estimation by Request
      1.32 Acres

      4945 Nc Hwy 33rd E

      MINI-WAREHOUSE, STORAGE • 1.32 Acres
      4945 Nc Hwy 33rd E, Greenville, NC 27858-8753
      View Details
    • Value Estimation
      $575,000
      16,450 SF

      1061 Black Jack Simpson Rd

      MINI-WAREHOUSE, STORAGE • 16,450 SF
      1061 Black Jack Simpson Rd, Greenville, NC 27858-8730
      View Details
    • Value Estimation by Request
      1.03 Acres

      5007 Nc Hwy 33rd E

      MINI-WAREHOUSE, STORAGE • 1.03 Acres
      5007 Nc Hwy 33rd E, Greenville, NC 27858-8754
      View Details

    Similar Nearby for Sale

    • $1,025,000
      225 SF

      Dixon Professional Building Office Space

      Individual office space with included utilities and WiFi in Greenville.
      110 E Arlington Blvd, Greenville, NC 27858
      View Details
    • New
      $225,900
      1,602 SF

      Versatile Investment Property Near University

      Multifamily property near East Carolina University with flexible investment options.
      2801 Jefferson Dr, Greenville, NC 27858
      View Details
    • $350,000
      1.33 Acres

      Greenville Land: Prime Development Site

      1.33 Acres, $350,000, High Traffic
      15 10Th St, Greenville, NC 27858
      View Details
    • $340,000
      0.68 Acres

      Arlington Blvd Office Lots

      Greenville, NC commercial land
      0 Arlington Blvd, Greenville, NC 27858
      View Details
    • $595,000
      1.67 Acres

      2459 Allen Rd

      Individual retail properties • 72,745 SF
      2459 Allen Rd, Greenville, NC 27858
      View Details
    • $699,000
      1.92 Acres

      Bayswater Rd

      Individual retail properties • 1.92 Acres
      0 Bayswater Rd, Greenville, NC 27858
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Contractor Storage Solution in Greenville

      Commercial storage units with drive-in access near Charles Blvd.
      Bells Chapel Rd, Greenville, NC 27858
      View Details
    • $10 SF/Yr
      10,800 SF

      New Flex Industrial Project

      Developing flex industrial park with versatile spaces for rent.
      1105 Greenville Blvd SW, Greenville, NC 27858
      View Details
    • Contact for pricing
      348,438 SF

      The Boundary: West End Retail

      Uptown retail, restaurant space available. Excellent ECU location.
      630 Cotanche St, Greenville, NC 27858
      View Details
    • $6,000 /Mo
      17,170 SF

      Greenville Office Space Available

      17,170 sq ft Office Building, Greenville NC
      211 Jarvis St, Greenville, NC 27858
      View Details
    • $29 SF/Yr
      3,000 SF

      Greenville Restaurant Space For Lease

      Prime Greenville location, 3000 sq ft.
      610 Red Banks Rd, Greenville, NC 27858
      View Details
    • $20 SF/Yr
      1,216 SF

      Retail Space in Lynndale Shoppes

      3,050 SF retail space in a busy commercial corridor.
      505 Red Banks Rd, Greenville, NC 27858
      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.
    2020 B Stokes Rd, Unit 1
    Greenville, NC 27858-9658
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!