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    Remodeled Medical Office Facility Title is generated by Realmo AI

    2425 Randleman Road, Greensboro, NC 27406

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    For Sale
    $392,500

    SINGLE_FAMILY - Greensboro, NC

    Type:Office
    Property size:
    2,772 SF
    Price / SF:
    $141/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 2425 Randleman Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    C-M
    Standard status
    Active
    Size
    2,772 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1967
    Floors in Building
    1

    We can help!

    Listing Contact
    Joel Martin

    Listing agent Joel Martin

    Listing office David Massey Real Estate Burlington, NC

    Listing date Jun 3, 2026

    MLS# 1222474

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1967‑built commercial facility with public water and public sewer
    • Recently remodeled with a new roof and new HVAC for move‑in ready space
    • Former healthcare and lab facility with a flexible floor plan for office, wellness, counseling, veterinary, or lab use
    • Layout includes spacious reception/front office, multiple workspaces, 4 baths, and W/D hookups
    • Private yet accessible with abundant parking for staff, clients, and visitors and immediate I‑85 access
    • City water plus Piedmont Natural Gas for heat and hot water

    Overview

    This remodeled medical office facility is well maintained and designed for professional use. Improvements include a new roof and new HVAC, along with a spacious reception/front office and multiple workspaces to support day-to-day operations. The interior also includes four bathrooms, W/D hookups, and ample support space, giving users flexibility for service areas, offices, and ancillary functions. Additional utilities include city water and Piedmont Natural Gas for heat and hot water.

    The property is located just off Randleman Road in Greensboro, with immediate access to I-85. The setting is described as private while remaining highly accessible, and it offers abundant parking for staff, clients, and visitors.

    As a former healthcare and lab facility, the floor plan is positioned to accommodate a range of professional and clinical-adjacent uses, including medical, wellness, counseling, veterinary, lab, or general office use. This makes the property suitable for owner-users seeking a turn-key space, as well as buyers evaluating flexible space for their operational needs. The seller may consider a short-term lease-to-purchase (LTP) for qualified buyers, and financial qualifications, including credit verification and proof of fund or financial capacity, are required.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Woman's Choice of Greensboro Family Planning Center

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.799037
    Latitude
    36.03655

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready facility with flexible layout, multiple workspaces, and ample parking for professional and healthcare-related uses.
    Where is this medical office space located?
    The property is located at 2425 Randleman Road Greensboro, NC.
    What is the asking price?
    The asking price for this property is $392,500.
    What are key features of this property?
    This property features: 1967‑built commercial facility with public water and public sewer; Recently remodeled with a new roof and new HVAC for move‑in ready space; Former healthcare and lab facility with a flexible floor plan for office, wellness, counseling, veterinary, or lab use
    (336) 516-0487
    We can help!
    Listing Contact
    Joel Martin
    Request Owner's contact information
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    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.

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