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    1038 Homeland Ave Greensboro, NC 27405

    Sponsored
    For Sale
    $1,250,000

    13,992 SF Flex Space, $1.25M

    Property size:
    13,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,992-square-foot flex warehouse building in Greensboro, North Carolina, presents a compelling investment opportunity. Located on a 0.51-acre lot at 1038 Homeland Avenue, this property boasts a desirable location between East Wendover Avenue and East Bessemer Avenue, offering convenient access to major transportation routes. Built in 1959 and extensively renovated in 2021, the building features a versatile layout, including approximately 6,000 square feet of showroom/office space on the upper level and approximately 6,000 square feet of storage on the lower level. Additionally, there's approximately 1,992 square feet of warehouse space on the upper level, equipped with two dock-high doors (one 10' x 14' and one 10' x 8'). The property also includes ample power, three restrooms upstairs, and two restrooms downstairs. The building sits on a 0.51-acre lot and offers 20 parking spaces. The property is zoned CM and comprises one building with two stories. This vacant property is offered at $1,250,000, representing a price per square foot of $89.34 and a price per unit of $1,250,000. A modified gross lease rate of $6.95 is also available. This is a rare opportunity to acquire a well-maintained, versatile industrial property in a prime Greensboro location.

    Property Features for 1038 Homeland Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    13,992 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built/Renovated
    1959/2021
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Sale Price: $1,250,000
    • Lease Rate: $6.95/SF, Modified Gross
    Property Profile Location Intelligence

    Current Use by Public Records

    JMG Elite Fitness Personal Trainer Custom Blinds By ... Window Treatment Store Vintage Doors and Interiors Door Supplier Functional Home Accents Furniture Store

    Suggested Use

    Realty agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7717749
    Latitude
    36.086837

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    FAQs

    What type of property is this?
    Distribution property - 13,992 SF Flex Space, $1.25M
    Where is this distribution property located?
    The property is located at 1038 Homeland Ave Greensboro, NC.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Sale Price: $1,250,000; Lease Rate: $6.95/SF, Modified Gross;
    Request Owner's contact information
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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
    1038 Homeland Ave Greensboro, NC 27405
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