Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3840 Bells Chapel Rd Greenville, NC 27858
    Back to Search
    Property profile & analytics

    3840 Bells Chapel Rd Greenville, NC 27858

    View on Map
    • Auto shops
    • 7,052 SF
    • 1.56 lot acres
    Off-Market
    Property ID
    US53-1714619
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 3840 Bells Chapel Rd

    Year built
    2016
    Lot size
    1.56 lot acres
    Property size
    7,052 SF
    Zone code
    CG
    Property type
    Auto shops
    APN
    2118
    APU
    2118

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.3493
    Latitude
    35.5642
    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
    2023
    $12,519
    $375,310
    $680,194
    $1,055,504
    -
    $375,310
    $680,194
    $1,055,504

    Comparable in this City

    • Value Estimation
      $820,000
      2,411 SF

      126 Greenville SE Blvd

      AUTO REPAIR, GARAGE • 2,411 SF
      126 Greenville SE Blvd, Greenville, NC 27858-5706
      View Details
    • Value Estimation by Request
      4,095 SF

      124 Greenville SE Blvd

      AUTO REPAIR, GARAGE • 4,095 SF
      124 Greenville SE Blvd, Greenville, NC 27858-5706
      View Details
    • Value Estimation
      $560,000
      13,568 SF

      203 Greenville SE Blvd

      AUTO REPAIR, GARAGE • 13,568 SF
      203 Greenville SE Blvd, Greenville, NC 27858-5710
      View Details
    • Value Estimation by Request
      1,848 SF

      2100 Greenville SE Blvd

      AUTO REPAIR, GARAGE • 1,848 SF
      2100 Greenville SE Blvd, Greenville, NC 27858-4116
      View Details
    • Value Estimation by Request
      12,000 SF

      2320 Greenville NE Blvd

      AUTO REPAIR, GARAGE • 12,000 SF
      2320 Greenville NE Blvd, Greenville, NC 27858-4140
      View Details
    • Value Estimation
      $875,000
      36,876 SF

      3013 10th St

      AUTO REPAIR, GARAGE • 36,876 SF
      3013 10th St, Greenville, NC 27858-4119
      View Details

    Similar Nearby for Sale

    • $550,000
      1.86 Acres

      Versatile Commercial Property in Greenville

      1.86 acres in high-traffic area, ideal for development.
      4575 Nc-43, Greenville, NC 27858
      View Details
    • $1,500,000
      1,886 SF

      Redevelopment Site with Drive-Thru

      Prime location for retail, restaurant, or service-oriented businesses.
      700 E Arlington Blvd, Greenville, NC 27858
      View Details
    • New
      $1,699,000
      9.80 Acres

      Mixed-Use Development Opportunity, Greenville

      Proposed mixed-use development near East Carolina University.
      4640 E 10Th St, Greenville, NC 27858
      View Details
    • $75,000
      0.67 Acres

      Residential Lot in Oak Hill

      Wooded 0.67 acre lot in established Greenville subdivision.
      1032 Scarlet Oak Dr, Greenville, NC 27858
      View Details
    • Contact for pricing
      9,800 SF

      Greenville Office Building For Sale

      9800 sq ft office building in a prime location.
      110 E Arlington Blvd, Greenville, NC 27858
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,999 SF

      Premier Mixed-Use Property in Uptown

      Retail, restaurant, or office spaces in Greenville's vibrant Uptown District.
      630 Cotanche St, Greenville, NC 27858
      View Details
    • Contact for pricing
      3,261 SF

      Retail Space Near East Carolina

      Commercial space near East Carolina University and downtown Greenville.
      211 S Jarvis St, Greenville, NC 27858
      View Details
    • Contact for pricing
      2,800 SF

      Greenville Retail Space For Rent

      Retail space available in Cedar Pointe strip center.
      1915 Greenville Blvd SE, Greenville, NC 27858
      View Details
    • $264 SF/Yr

      Corner Retail Space in Greenville

      Redeveloped vanilla shell space in growing downtown Greenville.
      400 Evans St, Greenville, NC 27858
      View Details
    • Contact for pricing
      5,100 SF

      Downtown Retail Space For Rent

      Retail space in the heart of downtown Greenville.
      330 Evans St, Greenville, NC 27858
      View Details
    • Contact for pricing
      4,476 SF

      Downtown Retail or Office Space

      Prime downtown Greenville retail or office space for rent.
      416 Evans St, 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.
    3840 Bells Chapel Rd
    Greenville, NC 27858
    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

    Thank You for Inquiry
    3840 Bells Chapel Rd, Greenville, NC, 27858
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!