Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    521 Fire Tower Rd Winterville, NC 28590-8419

    • Warehouses
    • 147,400 SF
    • 8.00 lot acres
    OFF-MARKET
    Value Estimations
    $2,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2010185
    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.

    Current Use by Public Records

    • Secure Storage / Storage Facility
    • Waters Home Furnishings / Furniture & Home Goods / Home Decor Store
    • Outdoor Cover Warehouse / (Bike/Boat/Book/etc) Store

    Property Details for 521 Fire Tower Rd

    Year built
    1994
    Lot size
    8.00 lot acres
    Property size
    147,400 SF
    Zone code
    GB
    Property type
    Warehouses
    APN
    52499
    APU
    52499

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,328,000
      Market price range: $2.00M - $7.17M

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

    Location Insight

    • Map
    • Local Demand
    City
    Winterville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.3955
    Latitude
    35.5471
    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
    $36,182
    $909,536
    $3,956,195
    $4,865,731
    -
    $909,536
    $3,956,195
    $4,865,731

    Comparable in this City

    • Value Estimation by Request
      2,665 SF

      Mumford Rd

      WAREHOUSE, STORAGE • 2,665 SF
      Mumford Rd, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      3,000 SF

      735 Pocosin Rd

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      735 Pocosin Rd, Winterville, NC 28590-8525
      View Details
    • Value Estimation by Request
      3,000 SF

      228 Forlines Rd

      WAREHOUSE, STORAGE • 3,000 SF
      228 Forlines Rd, Winterville, NC 28590-8509
      View Details
    • Value Estimation by Request
      4,000 SF

      7068 Church St

      WAREHOUSE, STORAGE • 4,000 SF
      7068 Church St, Winterville, NC 28590
      View Details
    • Value Estimation
      $1,305,000
      24,484 SF

      130 Fire Tower Rd

      WAREHOUSE, STORAGE • 24,484 SF
      130 Fire Tower Rd, Winterville, NC 28590-9475
      View Details
    • Value Estimation by Request
      6,228 SF

      997 Pocosin Rd

      WAREHOUSE, STORAGE • 6,228 SF
      997 Pocosin Rd, Winterville, NC 28590
      View Details

    Similar Nearby for Sale

    • $95,000
      1.72 Acres

      Residential Land in Harris Ridge

      1.72 acre residential lot in Winterville, North Carolina.
      2064 Harris Rdg Rd, Winterville, NC 28590
      View Details
    • $31,000
      0.27 Acres

      Residential Lot in Established Neighborhood

      Cleared building lot in Winterville, close to amenities.
      254 Magnolia Dr, Winterville, NC 28590
      View Details
    • $89,000
      2.21 Acres

      Residential Land in Harris Ridge

      2.21 acre lot ready for your dream home.
      2080 Harris Rdg Rd, Winterville, NC 28590
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Approximately 17 acres of commercial land in Greenville, NC.
      800 E Fire Tower Rd, Winterville, NC 28590
      View Details
    • New
      $250,000
      Pending

      Pitt County Land Opportunity

      14+ acres in fast-growing Pitt County, North Carolina.
      Frog Level Rd, Winterville, NC 28590
      View Details
    • $1,620,000

      Winterville Land Parcel for Development

      Land parcel in Winterville, NC, suitable for commercial development.
      226 Davenport Farm Rd, Winterville, NC 28590
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Winterville Flex Industrial/Warehouse Space

      New flex industrial and warehouse space in Winterville, North Carolina.
      4771 Reedy Branch Rd, Winterville, NC 28590
      View Details
    • Contact for pricing
      16,250 SF

      Winterville Warehouse and Flex Center

      Warehouse and flex spaces with convenient highway access, completion May 2025.
      4771 Reedy Branch Rd, Winterville, NC 28590
      View Details
    • Contact for pricing

      Fire Tower Junction Land

      Land in mixed-use development at lighted intersection.
      E Fire Tower Rd, Winterville, NC 28590
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at Memorial Dr & W Firetower Rd.
      W Fire Tower Rd, Greenville, NC 28590
      View Details
    • $18 SF/Yr
      3,600 SF

      Retail/Office Suites in High-Traffic Center

      Flexible retail and office suites in a high-traffic shopping center.
      740-760 W Fire Tower Rd, Winterville, NC 28590
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Albemarle Center

      Retail space available in Albemarle Shopping Center.
      4051 S Memorial Dr, Winterville, NC 28590
      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.
    521 Fire Tower Rd
    Winterville, NC 28590-8419
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!