Well-Maintained Condo in
For Sale
$177,000
4290 Cedarcroft Court #3 A, Greensboro, NC 27409
Move-in ready, 2-bedroom condo with modern amenities and convenient location.
Property Size1,100 SF
Lot Size0.01 Acres
Days on Market275
Property Features for 4290 Cedarcroft Court #3 A
General Information
Standard status
Active
Size
1,100 SF
Lot size
0.01 Acres
Property subtype
Single Family Detached
Amenities
Geothermal
Central Air
Forced Air
Natural Gas
Microwave
Dishwasher
Gas Water Heater
Free-Standing Range
Pool
Building Details
Building Size
1,100 SF
Year Built
2004
Listing Agency:
Kernersville
(336) 215-9856
Listed By:
Ramilya Siegel · License #160857
(336) 215-9856
Source:
Kw
Added: Nov 11, 2025
Changed: Aug 8
Last Checked: Aug 12 at 12:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kernersville
Investment Insights
Based on property information with market context.
This beautifully maintained, one-owner condominium in Timberbrooke features 2 bedrooms and 2 bathrooms on the 3rd floor. The spacious living room includes a sunroom nook, cathedral ceiling, built-ins, and a corner fireplace. The efficient kitchen is equipped with newer appliances, including a refrigerator from 2023 and a dishwasher from 2020. Stunning laminate flooring extends throughout the unit, with no carpet. A dedicated laundry room includes a linen closet. The guest bedroom can also serve as a home office. The primary suite features a walk-in closet and an en-suite bathroom. The HVAC system was updated in 2020, and the water heater is also recent. The monthly HOA dues cover neighborhood amenities such as a swimming pool and cabana, a walking trail, water and sewer bills, building insurance, yard work, exterior maintenance, and secure video-monitored access to the building. Located in an amazing Greensboro area, the condo is close to parks, shopping, dining, and major highways. The roof is newer. This move-in ready condo offers lock-and-go living.
Key Highlights
- HOA includes water, sewer, building insurance, yardwork, exterior maintenance, pool, and secure video‑monitored access.
- Move‑in ready condition with newer appliances, including refrigerator (2023) and dishwasher (2020), plus HVAC (2020) and recent water heater.
- Laminate flooring throughout (no carpet).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,660
$184.7K
Cap Rate 7%
$131,900
$131.9K
Cap Rate 9%
$102,589
$102.6K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$17.8K $16.20/SF
− Vacancy
−$1.0K −$0.94/SF
EGI
$16.8K $15.26/SF
− OpEx
−$7.6K −$6.87/SF
NOI
$9.2K $8.39/SF
Area
Greensboro, NC
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,660
Cap Rate 7%
$131,900
Cap Rate 9%
$102,589
Alternative Uses
Best Use
Apartment 5plus
$131.9K
$115.4K – $153.9K
NOI $9,233 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.7K
$305.1K – $406.8K
NOI $24,408 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 27409, NC
17,378
Population
9,616
Households
1.8
Avg Household Size
36
Median Age
38%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
873
Density / Sq Mi
$57,862
Median Household Income
$40,298
Median Earnings
$1,173
Median Rent
$189,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Move-in ready, 2-bedroom condo with modern amenities and convenient location.
Where is this apartment building located?
The property is located at 4290 Cedarcroft Court #3 A Greensboro, NC.
What is the asking price?
The asking price for this property is $177,000.
What are key features of this property?
This property features: HOA includes water, sewer, building insurance, yardwork, exterior maintenance, pool, and secure video‑monitored access.; Move‑in ready condition with newer appliances, including refrigerator (2023) and dishwasher (2020), plus HVAC (2020) and recent water heater.; Laminate flooring throughout (no carpet).
