Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5696 Gate City Blvd Greensboro, NC 27407

    Sponsored
    For Lease
    $28 SF/Yr

    75,200 SF Lifestyle Center; Spaces Available

    Lot size:
    75,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    The Shoppes at Sedgefield Crossing offers 75,200 square feet of prime retail space in a vibrant, open-air lifestyle center. This highly visible property, located at the intersection of West Gate City Boulevard and High Point Road, boasts excellent traffic counts and demographics, making it ideal for restaurants and retail businesses. Anchored by a 35,900 square foot Lidl, the center is situated next to the successful Adams Farm Shopping Center, benefiting from its established customer base. The property features ample parking with 133 spaces and is conveniently located near affluent residential areas including Sedgefield (home of the Wyndham Championship), Adams Farm, and Grandover communities. Multiple tenancy options are available, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 9,600 square feet. Currently, 28,800 square feet of space is vacant. The 18-acre lot is zoned CUHB (the specific meaning of this zoning code should be verified independently). The property's APN numbers are 7832563833 and 7832562585, located in Guilford County. This presents a unique opportunity to establish a presence in a thriving retail environment with strong community ties and high visibility.

    Property Features for 5696 Gate City Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,200 SF
    Total Rate
    175466.67

    Unit(s) available at that property

    Space
    Building 1
    Size
    9,600 SF
    Rate per SF
    $28
    Space
    Building 2
    Size
    9,600 SF
    Rate per SF
    $28
    Space
    Building 3
    Size
    9,600 SF
    Rate per SF
    $28

    We can help!

    Listing Contact
    Charlie Fulk, CCIM
    Charlie Fulk, CCIM

    Learn more

    Property Insight Report

    HighLights

    • 75,200 SF open‑air lifestyle center.
    • Anchored by a 35,900 SF Lidl.
    • High‑visibility location at West Gate City Blvd and High Point Rd, adjacent to Adams Farm Shopping Center.
    • Excellent demographics and traffic, ideal for retail and restaurants.
    • Located near Sedgefield, Adams Farm, and Grandover communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8964424
    Latitude
    36.0178776

    Nearby Similar for Lease

    • Contact for pricing

      Office Space with Warehouse Access

      Private office suites available for lease with warehouse access.
      2606 Branchwood Dr, Greensboro, NC 27408
      View Details
    • Contact for pricing

      Private Office Spaces Available

      Private office spaces for lease in a professional setting.
      2606 Branchwood Dr, Greensboro, NC 27408
      View Details
    • $15 SF/Yr
      4,400 SF

      Renovated Creative/Office Space Available

      Recently renovated 4,400 SF creative/office space in downtown Greensboro.
      232 S Elm St, Greensboro, NC 27401
      View Details
    • $19 SF/Yr
      31,988 SF

      Class A Office in Greensboro

      Premier office building in Grandover Corporate Park available for lease.
      4510 Weybridge Ln, Greensboro, NC 27407
      View Details
    • $10 SF/Yr
      6,033 SF

      Greensboro Office Space for Lease

      Flexible workspace solutions in Greensboro, NC.
      516 Friendly Ave, Greensboro, NC 27401
      View Details
    • Contact for pricing
      2,284 SF

      High-Traffic Retail Property Available

      Freestanding retail property with drive-thru lanes on 0.83 acres.
      4636 West Market St, Greensboro, NC 27407
      View Details
    • Contact for pricing
      31,500 SF

      Industrial Outdoor Storage Sublease Available

      Paved, fenced, and lighted yard near major interstates.
      201 Stage Coach Trl, Greensboro, NC 27409
      View Details
    • $3,000 /Mo
      1,249 SF

      Bee Safe Flex Space

      Climate-controlled flex space with drive-in access in Greensboro.
      1014 Battleground Ave, Greensboro, NC 27408
      View Details
    • $20 SF/Yr
      175,000 SF

      Stonesthrow Crossing Retail Space

      High-traffic retail center; spaces available
      3747 Farmington Dr, Greensboro, NC 27407
      View Details
    • $1,195 /Mo

      Greensboro Condo with Hardwood Floors

      2-bedroom, 1-bath condo featuring hardwood floors and modern amenities.
      1815 Mimosa Dr, Greensboro, NC 27403
      View Details
    • Contact for pricing
      2,500 SF

      Mixed-Use Development Retail/Restaurant Space

      Class A office, retail, and restaurant space in Greensboro.
      2012 Pisgah Church Rd, Greensboro, NC 27455
      View Details
    • Contact for pricing
      73,828 SF

      Office Space Near Grandover Resort

      Office building near I-85 and Grandover mixed-use development.
      4620 Stone Vlg Rd, Greensboro, NC
      View Details

    FAQs

    What type of property is this?
    Retail property - 75,200 SF Lifestyle Center; Spaces Available
    Where is this retail property located?
    The property is located at 5696 Gate City Blvd Greensboro, NC.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 75,200 SF open-air lifestyle center.; Anchored by a 35,900 SF Lidl.; High-visibility location at West Gate City Blvd and High Point Rd, adjacent to Adams Farm Shopping Center.
    Request Owner's contact information
    5696 Gate City Blvd Greensboro, NC 27407
    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.
    5696 Gate City Blvd
    Greensboro, NC 27407
    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
    5696 Gate City Blvd Greensboro, NC 27407
    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

    We can help!
    Listing Contact
    Charlie Fulk, CCIM
    Charlie Fulk, CCIM
    Real Estate License ID: NC 224709
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.