829-843 W Star St - Warehouse FOR SALE


Greenville, NC 27834- Southwest Greenville
$1,875,000 USD
472-202-8398
829-843 W Star St, Greenville, NC for Sale
$1,875,000 USD
Warehouse - FOR SALE
1/13
null | Request Cap Rate

829-843 W Star St
Greenville, NC 27834
Southwest Greenville


HIGHLIGHTS

  • 829-843 W Star Street is a 2.44-acre property containing an 11,464-square-foot flex/office/warehouse building and three outdoor storage shelters.
  • Warehouse equipped with four drive-in bays, and the two-story office features five bathrooms, a break room, and a conference room.
  • Ideal for manufacturing, warehousing, or distribution purposes, this property is primed to accommodate diverse commercial endeavors seamlessly.
  • Optimized asset as Greenville’s average annual rate is around $7.10 per square foot, and flex properties command an average of $12.20 per square foot.
  • Greenville is a high-demand industrial market with a 5-year average vacancy rate of 2.4% and steadily rising rents, positive signs for appreciation.
  • Located near top draws, including ECU and its medical center, with great regional access to the Research Triangle, coastal hubs, and Virginia.

OVERVIEW

Introducing the rare acquisition opportunity for this unique industrial flex property at 829-843 W Star Street. With a market shortage of such versatile properties, this offering stands out as a turnkey solution, ready for immediate occupancy. 829-843 W Star Street consists of an 11,464-square-foot main building and three outdoor storage shelters totaling 5,000 square feet, situated on a 2.44-acre parcel. The main building comprises 4,083 square feet of office space and 7,378 square feet of warehouse space. The office spans two stories and features five bathrooms, a break room, and a conference room, and the warehouse is equipped with four drive-in bays. The three shelters also present simple value-add opportunities by converting them into individual buildings, which could accommodate approximately six to eight leasable spaces that would be ideal for small service businesses, providing an additional income stream. Located just off Highway 264 near the city's new belt loop, this site is strategically positioned to access Greenville’s most prominent anchors, including the medical district, East Carolina University, and Pitt-Greenville Airport, ideal for businesses reliant on local clientele. This site especially places consumer-based businesses in a strategic part of Greenville that is experiencing immense growth. In fact, the number of households within a 3-mile radius grew by 8% from 2020 to 2024, and that figure is expected to jump another 5% by 2029. On a broader scale, 829-843 W Star Street affords regional connectivity with destinations like Raleigh, Durham, Wilmington, the Outer Banks, Richmond, and Norfolk reachable in 2.5 hours or less. This is a cost-effective opportunity compared to ground-up construction, and market trends indicate high tenant demand as industrial and flex assets perform particularly well in Greenville. As of Q4 2025, rents have changed by 3.6% year over year in Greenville, compared to a change of 1.4% nationally. Market rents have changed by 3.6% in logistics buildings year over year, 2.9% in flex buildings, and 3.6% in specialized buildings. In Greenville, the five-year average annual rent growth is 8.2% and 10-year average annual rent growth is 6.8%. With an average market vacancy rate hovering around 2.5% since 2020 and minimal new construction, this supply strain is poised to push rents upward. These factors signal 829-843 W Star Street as an investment poised for value appreciation or an owner/user takeover to gain equity and avoid escalating rental costs.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenville NC - Flex - Office - Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.44

LAND SF

106,286

ZONING

CH

APN/PARCEL ID

050066,050067

ASK ABOUT THIS PROPERTY

Tim FerruzziKeller WilliamsMore Info
472-202-8398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tim FerruzziKeller WilliamsMore Info
472-202-8398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.