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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Office Spaces
2470 Emerald Pl, Greenville, NC 27834-5786
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5426970
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2002
Construction
FRAME
Total area
9,986 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MO
APN
63168
UPID
US53-5426970
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
-
CORA Physical Therapy Greenville Medical Clinic
-
The Dental Care Center Dental Office
-
Billy R Smith, MD Physician Medical Clinic
-
Waterfront Land Partners, LLC Property Management Company
-
Dr. Hieu Nguyen Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.54M
Owner & transaction history
C&e Real Estate LLC · 2 yrs held
C&e Real Estate LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
MO · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+111.8%
Medical building
$1.2M
+49.8%
Apartment house (5+ units)
$995,000
+20.3%
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
$1,390,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
RESTAURANT
$1,750,000
Change: +112% · Conversion: Moderate
MEDICAL BUILDING
$1,235,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$995,000
Change: +20% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$930,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.97M (Oct 18 2023)
Last sale anchor
$1.97M
Oct 18 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
$154 / 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
$18,439
Tax year 2023
Assessed value
$1,571,132
Assessed 2023
Previous assessed
$1,571,132
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$278,348
Assessed improvement
$1,292,784
Land market value
$278,348
Improvement market value
$1,292,784
Total market value
$1,571,132
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
15
Bathrooms
8
Total area
9,986 SF
Lot
0.23 ac (10,019 SF)
Zoning code
MO
APN
63168
UPID
US53-5426970
Jurisdiction
PITT
Zoning & alternative use
MO · Greenville, NC
Zoning MO · permitted uses
MO · 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
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$930,000
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
15
Bathrooms
8
Lot
0.23 ac
Current owner
From public records · entity-resolved
C&e Real Estate LLC
Entity
Mailing address
2202 TAR RIV RD, CREEDMOOR, NC 27522-8460
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2023
$1,967,000
C&e Real Estate LLC
Emerald Property Management LLC
Special Warranty Deed
$995,000 · First National Bank Of Pennsylvania
Oct 18, 2023
—
C & E Real Estate LLC
—
Deed
related
$200,000 · First National Bank Of Pennsylvania
Mar 3, 2023
—
Emerald Property Management LLC
—
Deed
related
$1,600,000 · Dogwood State Bank
Jun 19, 2019
—
Emerald Prop Mgmt LLC
Eastern Physical Medicine & Re
Grant Deed
related
—
Oct 24, 2014
$1,100,000
Eastern Physical Medicine & Re
Schweers,ursula E
Warranty Deed
$617,252 · West Town Bk&tr
Jul 2, 2008
$1,575,000
Karl D Schweers
East Med Properties LLC
Deed
$600,000 · Trustatlantic Bank
Feb 1, 2006
—
Emerald Place Dev Prop LLC
Evans,james A
Warranty Deed
related
—
—
—
Eastern Physical Medicine & Re
—
Deed Of Trust
related
$509,000 · Self-help Ventures Fnd
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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