Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    700 Patton Cir Winterville, NC 28590-9372
    Back to Search
    Property profile & analytics

    700 Patton Cir Winterville, NC 28590-9372

    View on Map
    • Commercial real estate
    • 0.97 lot acres
    Off-Market
    Last Sale Sep 11, 2024
    $167,000
    Property ID
    US53-1717456
    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

    • Commercial real estate

    Property Details for 700 Patton Cir

    Lot size
    0.97 lot acres
    Zone code
    CH
    Property type
    Commercial real estate
    APN
    49166
    APU
    49166

    Description

    This exceptional 0.96-acre commercial land parcel presents a remarkable investment opportunity in Winterville, NC. Located at 700 Patton Circle, this property boasts a highly desirable Commercial Heavy (CH) zoning designation, opening doors to a wide array of commercial uses. The land is generally level and features existing cross access and utility easements, simplifying development. Priced at $179,900, or $4.30 per square foot, this represents exceptional value for its location and potential. The site enjoys excellent visibility and convenient access from Memorial Drive/NC Hwy 11 and Reedy Branch Road, ensuring high traffic exposure. Its strategic position adjacent to established businesses like Taco Bell and a Comfort Inn further enhances its appeal. This property is situated within the Greenville Planning Jurisdiction, offering the benefits of a thriving regional economy. The level topography and existing infrastructure make this a ready-to-develop site, perfect for a retail user or other commercial ventures. The APN is 49166. Don't miss this chance to acquire a prime commercial lot in a rapidly growing area.

    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
    Winterville
    County
    Pitt
    State
    North Carolina
    Longitude
    -77.4073
    Latitude
    35.5567
    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
    $3,247
    $276,702
    $0.00
    $276,702
    -
    $276,702
    $0.00
    $276,702

    Comparable in this City

    • Value Estimation by Request
      17.00 Acres

      800 Fire Tower Rd

      Land • 17.00 Acres
      800 Fire Tower Rd, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      2,169 SF

      Queen St

      COMMERCIAL (GENERAL) • 2,169 SF
      Queen St, Winterville, NC 28590
      View Details
    • Value Estimation by Request
      4.16 Acres

      2668 Nc 903rd S

      COMMERCIAL MISC • 4.16 Acres
      2668 Nc 903rd S, Winterville, NC 28590-7403
      View Details
    • Value Estimation by Request
      27.05 Acres

      226 Davenport Farm Rd

      Land • 27.05 Acres
      226 Davenport Farm Rd, Winterville, NC 28590
      View Details
    • Value Estimation
      $790,000
      6,890 SF

      1840 Progress Rd

      COMMERCIAL (GENERAL) • 6,890 SF
      1840 Progress Rd, Winterville, NC 28590-8359
      View Details
    • Value Estimation by Request
      1.83 Acres

      Forlines Rd

      COMMERCIAL (GENERAL) • 1.83 Acres
      Forlines Rd, Winterville, NC 28590
      View Details

    Similar Nearby for Sale

    • $195,000
      1,814 SF

      Winterville Commercial Property - Great Potential

      0.52-acre lot, 1814 sq ft building. Ideal for redevelopment.
      2467 Railroad St, Winterville, NC 28590
      View Details
    • Contact for pricing
      1,700 SF

      Winterville Commercial Land Opportunity

      1.14 Acres, 1700 sqft Building
      701 Fire Tower Rd, Winterville, NC 28590
      View Details
    • $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
    • $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
    • $10,200,000

      Prime Commercial Land Available

      Approximately 17 acres of commercial land in Greenville, NC.
      800 E Fire Tower 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
    • $1.00 SF/Yr

      Fire Tower Junction Land

      Land in mixed-use development at lighted intersection.
      E Fire Tower 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

      Retail Space Available For Lease

      Retail space for lease at Memorial Dr & W Firetower Rd.
      W Fire Tower Rd, Greenville, 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
    • Contact for pricing
      1,320 SF

      Downtown Winterville Retail Space Available

      Retail space in downtown Winterville with open floor plan.
      2586 Railroad St, 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.
    700 Patton Cir
    Winterville, NC 28590-9372
    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
    700 Patton Cir, Winterville, NC, 28590
    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!