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    1203 Walnut St, Unit Greensboro Greensboro, NC 27405

    For Sale
    $244,900

    Zoned institutional, leased as daycare until April 2028.

    Property Features for 1203 Walnut St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1935

    Source: RIVER LAKE HOMES LLC Agent SHANNON MOORE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Institutional Property with Daycare Lease

    This property, zoned for institutional use, is currently leased as a daycare center. The existing lease extends until April 2028, presenting an investment opportunity with ongoing income. The property's institutional zoning suggests a range of potential alternative uses beyond its current operation as a daycare. Viewings are available after 6:30 PM on weekdays or anytime on Saturday and Sunday.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DOVES AT PLAY CHILDCARE Child Care Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Children's Home Society, Magical World Childcare, Our Children's House, AOSK Preschool & Afterschool, TURNER TOTS LEARNING ACADEMY

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.775231
    Latitude
    36.0912173

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    FAQs

    What type of property is this?
    Day care center - Zoned institutional, leased as daycare until April 2028.
    Where is this day care center located?
    The property is located at 1203 Walnut St, Unit Greensboro Greensboro, NC.
    What is the asking price?
    The asking price for this property is $244,900.
    What are key features of this property?
    This property features: - Zoned institutional, offering diverse usage possibilities.; - Currently leased, providing immediate rental income.; - Existing lease in place until April 2028, ensuring a stable income stream.
    (336) 394-4011
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    Realmo Value Estimation

    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.

    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.

    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
    1203 Walnut St, Unit Greensboro Greensboro, NC 27405
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