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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Office buildings
700 Cromwell Dr Greenville, NC 27858-5852
Entity Owned
20-yr Hold
Free & Clear
Property ID
US53-1916455
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
STEEL FRAME
Total area
12,721 SF
Lot
0.39 ac (16,988 SF)
Zoning code
OR
APN
50150
UPID
US53-1916455
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
-
American Red Cross Donor Center Eastern North Carolina Volunteer Organization Charitable Organization
-
Stacey R. Dixon, RCP Physician
-
American Red Cross Blood Donation Center Medical Clinic
-
America Rehabilitation Medical Clinic
-
Down East Respiratory Services Home Health Care Service Therapists
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.13M
Owner & transaction history
Jrf Commercial LLC Longturn Ll · 20 yrs held
Jrf Commercial LLC Longturn Ll
since 2006
2 recorded transactions
Zoning & alternative use
OR · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+38.6%
Commercial (general)
$1.2M
+7.5%
Neighborhood: shopping center
$1.2M
+4.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,135,000
Current use
MEDICAL BUILDING
$1,570,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,220,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±10%
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
$89 / 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
$14,224
Tax year 2023
Assessed value
$1,212,008
Assessed 2023
Previous assessed
$1,212,008
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$309,654
Assessed improvement
$902,354
Land market value
$309,654
Improvement market value
$902,354
Total market value
$1,212,008
Applied tax rate
70.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
15
Bathrooms
2
Total area
12,721 SF
Lot
0.39 ac (16,988 SF)
Zoning code
OR
APN
50150
UPID
US53-1916455
Jurisdiction
PITT
Zoning & alternative use
OR · Greenville, NC
Zoning OR · permitted uses
OR · 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
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1992
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
15
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Jrf Commercial LLC Longturn Ll
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 12006, NEW BERN, NC 28561-2006
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2006
$2,000,000
Jrf Commercial LLC Longturn Ll
Jrf Commercial LLC
Warranty Deed
related
—
Jan 1, 2004
$1,200,000
State Farm Mutual Automobile
State Farm Mutual Automobile
Warranty Deed
related
—
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.
Try Rey
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