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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
211 Arlington Blvd Greenville, NC 27858-5015
Entity Owned
3-yr Hold
Free & Clear
Property ID
US53-2045975
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
4,558 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CG
APN
51544
UPID
US53-2045975
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
-
Century 21 Elite Properties Real Estate Agency
-
Finance of America Mortgage LLC Loan Service Bank
-
American Dream-Realtors Real Estate Agency
-
Century 21 The Realty Group: Kunny Tahaia Brothers Real Estate Agency
-
Karen Hanley, REALTOR® Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$520k
Blend (final)
Blend
$525k
Owner & transaction history
Varthak Ventures LLC · 3 yrs held
Varthak Ventures LLC
since 2023
Last sale
$610,000
3 recorded transactions
Zoning & alternative use
CG · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$565,000
+38.6%
Commercial (general)
$435,000
+7.5%
Neighborhood: shopping center
$425,000
+4.8%
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
$430,000
ML approach
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$405,000
Current use
MEDICAL BUILDING
$565,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$435,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $610k (Jun 6 2023)
Last sale anchor
$610k
Jun 6 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
$115 / 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
$7,569
Tax year 2023
Assessed value
$644,917
Assessed 2023
Previous assessed
$644,917
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$170,000
Assessed improvement
$474,917
Land market value
$170,000
Improvement market value
$474,917
Total market value
$644,917
Applied tax rate
40.0000
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
2003
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
4,558 SF
Lot
0.46 ac (20,038 SF)
Zoning code
CG
APN
51544
UPID
US53-2045975
Jurisdiction
PITT
Zoning & alternative use
CG · Greenville, NC
Zoning CG · permitted uses
CG · 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
$405,000
MEDICAL BUILDING
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$435,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
OFFICE BUILDING Current
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
2003
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
Varthak Ventures LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 3009, KITTY HAWK, NC 27949-3009
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
$610,000
Varthak Ventures LLC
Elite Properties Of Greenville INC
Warranty Deed
—
Oct 2, 2018
—
Elite Prop Of Greenville INC
—
Deed
related
$454,000 · Abc Subsidiary LLC
—
—
Elite Prop Of Greenville INC
—
Deed Of Trust
related
$454,000 · Abc Subsidiary LLC
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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