Property profile

5398 Martin Luther King Jr Hwy Greenville, NC 27834

OFF-MARKET
Distribution centers
Property ID
US53-3282001
267,434 SF 15.37 ac lot Built 1996
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1996
Total area 267,434 SF
Lot 15.37 ac (669,517 SF)
Zoning code PIU
APN 55094
UPID US53-3282001

Cap rate & NOI

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

Location

5398 Martin Luther King Jr Hwy Greenville, NC 27834-8616
Greenville metro Census 901 GREENVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$13.28M
Blend (final) Blend
$14.80M

Owner & transaction history

since 2025
3 recorded transactions
2025
$14.0M
2019
$15.5M
2018
$167,000

Zoning & alternative use

PIU · Greenville, NC
Zoning description

SEC. 9-4-315. PLANNED UNOFFENSIVE INDUSTRY (PIU) AND PLANNED INDUSTRY (PI) DISTRICT STANDARDS. (A) Minimum acreage: 100 gross acres. (B) The PIU (Planned Unoffensive Industry) and PI (Planned Industry) Zoning Districts m…

General category INDUSTRIAL
Top alternative use upside
Office building $22.1M +163.5%
Commercial (general) $20.7M +146.5%

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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