Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Vacant Land for Commercial Development Title is generated by Realmo AI

    516 College Road, Greensboro, NC 27410

    View on Map
    Claim this Listing
    New
    For Sale
    $175,000

    Vacant parcel with residential zoning and strong traffic counts, suited for commercial development subject to approvals.

    Type:Land / Unimproved Land
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:32 am

    Property Features for 516 College Road

    General Information

    Standard status
    Active
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Stratton Goins
    Stratton Goins

    Listing agent Stratton Goins License #289348

    Listing office Hepler Realty

    Listing date Jun 3, 2026

    Source Compass

    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 Hepler Realty

    HighLights

    • Vacant land parcel in Greensboro
    • Currently zoned residential with potential for commercial development, subject to approvals
    • Traffic count reported: 15,000 AADT

    Overview

    This offering is a vacant land parcel suitable for a range of development concepts, pending required approvals. The property is currently zoned residential, and the site is being marketed based on its potential for commercial development. As a land listing, it provides a blank canvas for buyers evaluating what can be built and how the parcel may be configured for their intended use.

    The parcel is located on College Road in Greensboro, North Carolina. Public remarks indicate approximately 15,000 AADT, which can be an important factor for businesses seeking visibility from passing traffic. Buyers should confirm all site, access, and development requirements during their due diligence.

    For developers, investors, or owner-users considering a commercial conversion, the key consideration here is zoning and entitlements. Because the land is presently residential, a prospective buyer should plan for the permitting process required to pursue commercial development. The property’s traffic exposure may support certain retail, service, or other commercial uses if rezoning and site plan approval are obtained, subject to applicable regulations and feasibility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare 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
    -79.8900151
    Latitude
    36.0845831

    Nearby Similar for Sale

    • $1,100,000
      4,800 SF

      Established Childcare Facility For Sale

      Long-established childcare facility in Greensboro with excellent visibility.
      1501 Upland Drive, Greensboro, NC 27405
      View Details
    • $640,000
      7,822 SF

      Greensboro Land For Sale

      Two parcels totaling 0.80 acres near downtown Greensboro.
      508-512 Martin Luther King Jr Drive, Greensboro, NC 27406
      View Details
    • $725,000
      7,000 SF

      Greensboro Industrial Building with Offices

      7,000 SF industrial building with office and warehouse space.
      145 S Walnut Circle, Greensboro, NC 27409
      View Details
    • $475,000
      2,224 SF

      Downtown Greensboro Office Building For Sale

      Stand-alone office building in historic Fisher Park, Greensboro.
      510 Church Street, Greensboro, NC 27401
      View Details
    • $392,500
      2,772 SF

      Remodeled Medical Office Facility

      Move-in ready facility with flexible layout, multiple workspaces, and ample parking for professional and healthcare-related uses.
      2425 Randleman Road, Greensboro, NC 27406
      View Details
    • $280,000
      2,054 SF

      Greensboro Commercial Property For Sale

      Two-unit commercial property in Greensboro, ideal for office or retail.
      4929 W Market Street, Greensboro, NC 27407
      View Details
    • $250,000

      Greensboro Commercial Land Opportunity

      Prime land in a desirable location with development potential.
      2303 Sherwood Street, Greensboro, NC 27403
      View Details
    • $274,900
      2,171 SF

      Unique Greensboro Commercial Property

      Unique property with industrial zoning and residential character.
      4316 Burlington Road, Greensboro, NC 27405
      View Details
    • $499,000
      2,008 SF

      Renovated Downtown Greensboro Commercial Building

      Rare opportunity for urban work space or residential conversion.
      312 Church Court, Greensboro, NC 27401
      View Details
    • $1,500
      1,009 SF

      Greensboro Office Space For Sale

      Mini office space with three offices and reception area.
      2606 Branchwood Drive, Greensboro, NC 27408
      View Details
    • $500
      162 SF

      Private Office Space Available

      Private office spaces available, utilities included, ideal for small businesses.
      2606 Branchwood Drive, Greensboro, NC 27408
      View Details
    • $300,000

      Greensboro Land with Road Frontage

      10.01 acre Greensboro property ideal for home or farm.
      2533 Nelson Farm Road, Greensboro, NC 27406
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant parcel with residential zoning and strong traffic counts, suited for commercial development subject to approvals.
    Where is this commercial land located?
    The property is located at 516 College Road Greensboro, NC.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Vacant land parcel in Greensboro; Currently zoned residential with potential for commercial development, subject to approvals; Traffic count reported: 15,000 AADT
    (336) 596-4041
    We can help!
    Listing Contact
    Stratton Goins
    Stratton Goins
    Real Estate License ID: 289348
    Learn More
    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.
    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
    516 College Road, Greensboro, NC 27410
    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!