Property profile

2420 Emerald Pl Greenville, NC 27834

FOR SALE
Medical Office Space
Property ID
US53-1303910
0.39 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.39-acre lot, zoned MO, presents a unique investment opportunity in Greenville, NC's thriving medical district. Located at 2420 Emerald Place, this 16,988 square foot site is foundation-ready, boasting completed horizontal improvements included in the $203,686 asking price ($11.99/SF land value). All site work, utilities, parking, and storm drainage are complete, making it a truly "building-ready" site. The property's strategic location near ECU Health Hospital and surrounded by established medical practices like ECU Internal Medicine, Earp Dentistry, Carolina Women's Physicians, and East Carolina Pain Consultants, ensures high visibility and accessibility. The single-tenancy property is currently vacant, offering flexibility for immediate development or build-to-suit options. This is an unparalleled chance to establish a presence in a high-demand medical area. The property is situated in Pitt County, NC, zip code 27834.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Lot 0.39 ac (16,988 SF)
Zoning code MO
APN 65175
UPID US53-1303910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2420 Emerald Pl Greenville, NC 27834
Greenville metro Census 604 GREENVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

MO · Greenville, NC
Zoning description

residential uses which include the following districts: MI, MO, O, CG, CH, IU, I, PIU, and PI. District; overlay. A geographic zoning district layered on top of another existing zoning district, or districts that impleme…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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