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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Office Spaces
7625 Thorndike Rd Greensboro, NC 27409-9421
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1168845
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
23,975 SF
Lot
5.44 ac (236,966 SF)
Zoning code
BP
APN
98331
UPID
US53-1168845
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RPM Innovation Center of Excellence Factory Chemical Plant
-
FedEx Drop Box Postal Service Courier Service
-
Zachary & Sons HVAC Masters Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.60M
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$5.76M
Owner & transaction history
Rpm Wood Finishes Group INC · 4 yrs held
Rpm Wood Finishes Group INC
since 2022
Last sale
$6.0M
2 recorded transactions
Zoning & alternative use
BP · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+77.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greensboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greensboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,665,000
ML approach
$6,595,000
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,230,000
7%
$3,925,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,525,000
Change: +77% · Conversion: Easy
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±10% · vs last sale $6.00M (Jan 18 2022)
Last sale anchor
$6.00M
Jan 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$240 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$119,882
Tax year 2023
Assessed value
$8,544,700
Assessed 2023
Previous assessed
$8,544,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$544,000
Assessed improvement
$8,000,700
Land market value
$544,000
Improvement market value
$8,000,700
Total market value
$8,544,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Bathrooms
4
Total area
23,975 SF
Lot
5.44 ac (236,966 SF)
Zoning code
BP
APN
98331
UPID
US53-1168845
Jurisdiction
GUILFORD
Zoning & alternative use
BP · Greensboro, NC
Zoning BP · permitted uses
BP · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greensboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$5.5M
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Bathrooms
4
Lot
5.44 ac
Current owner
From public records · entity-resolved
Rpm Wood Finishes Group INC
Entity
Free & Clear · 4 yrs held
Mailing address
7625 THORNDIKE RD, GREENSBORO, NC 27409-9421
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$6,000,000
Rpm Wood Finishes Group INC
Thorndiko Company LLC
Special Warranty Deed
—
Jan 18, 2022
$5,050,000
Thorndike Company LLC
Century Properties LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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