Entity Owned 
For Lease
1 / 4
$7,555,000
2120 East Fire Tower Rd, Greenville, NC 27858
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1985
Total area
67,219 SF
Lot
5.98 ac (260,489 SF)
Zoning code
CG
APN
42243
UPID
US53-0589360
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
-
(Bike/Boat/Book/etc) Store Pet Store
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Physician
-
Training Center Vocational School
-
Bank Credit Union
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.76M
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$7.56M
Owner & transaction history
since 2023
Last sale
$1,000
7 recorded transactions
Zoning & alternative use
CG · Greenville, NC
Zoning description
CG (General Commercial) To accommodate a variety of commercial and service activities on an individual lot-by-lot basis and in a planned center setting. PI (Planned Industry) To provide an alternative to traditional indu…
General category
COMMERCIAL
Top alternative use upside
Apartment house (5+ units)
$9.1M
+121.8%
Office building
$5.6M
+35.8%
Restaurant
$5.5M
+35.1%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.56M
Value range
$6.80M – $8.31M
±10% around blend
Estimated value / SF
$112 / SF
Confidence
Property data
100
Comparable evidence
60
$6.80M
blend $7.56M
$8.31M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
67,219 SF
Lot area
5.98 ac
Year built
1985
Stories
1
APN
42243
Zoning
CG
Assessed value
$6,704,903
Annual tax
$78,689
3
Income approach: direct capitalization
Partial preview
Income approach indication
$8.76M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$9.50M
@ 6.5% CAP return
$8.76M
@ 7% CAP return
$8.14M
4
Sales comparison
Partial preview
Sales approach indication
$6.35M
Range $772k – $6.35M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.56M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+122%
vs current-use indication
Office Building
Restaurant
Commercial (general)
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
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: income and sales evidence cover the value conclusion.
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.
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
Professional Plan · 30 reports
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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$999
Move the market yield to see immediate price impact.
Value / SF
$0
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%
$63
$1k
$899
$700
$70
$1k
$999
$777
$77
$2k
$1k
$855
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
$78,689
Tax year 2023
Assessed value
$6,704,903
Assessed 2023
Previous assessed
$6,704,903
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,196,000
Assessed improvement
$5,508,903
Land market value
$1,196,000
Improvement market value
$5,508,903
Total market value
$6,704,903
Applied tax rate
70.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1985
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
1
Bathrooms
4
Total area
67,219 SF
Lot
5.98 ac (260,489 SF)
Zoning code
CG
APN
42243
UPID
US53-0589360
Jurisdiction
PITT
Zoning & alternative use
CG · Greenville, NCZoning CG · permitted uses
CG · Greenville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
CG (General Commercial) To accommodate a variety of commercial and service activities on an individual lot-by-lot basis and in a planned center setting. PI (Planned Industry) To provide an alternative to traditional indu…
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
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
4
Lot
5.98 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
CG
COMMERCIAL
Jurisdiction
Greenville, NC
Recorded code
CG
Official district
CG
Official district profile
What the municipal code says about CG
Zoning description
CG (General Commercial) To accommodate a variety of commercial and service activities on an individual lot-by-lot basis and in a planned center setting. PI (Planned Industry) To provide an alternative to traditional indu…
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 CG 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 · 30 · 300 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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