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Property profile & analytics

1208 Oakland Ave Greensboro, NC 27403-2743

  • Office Properties & Spaces
  • 8,652 SF
  • 1.05 lot acres
OFF-MARKET
Last Sale
Jan 10, 2025
$1,400,000
Value Estimations
$1,515,000
Show details
Cap Rate Potential
6.5%
Office Properties & Spaces
Location Intelligence
Property ID
US53-0951593
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • College Hill Collective / Gym / Fitness Center
  • Neighborhood National No. 4 / Golf Course

Property Details for 1208 Oakland Ave

Year built
1955
Lot size
1.05 lot acres
Property size
8,652 SF
Zone code
CU-GO-M
Property type
Office Properties & Spaces
APN
11698
APU
11698

Description

This exceptional mixed-use property, located at 1208 Oakland Ave in Greensboro, North Carolina, presents a compelling investment opportunity. The 9,200 square-foot building, constructed in 1955, sits on a 1.05-acre lot and is classified as a Class B property. The two-story structure boasts ample parking with 60 spaces, a significant advantage in a bustling urban environment. The property is zoned CD-O, permitting a wide range of uses including schools, medical offices, religious facilities, and fitness centers. Currently, a small portion (1,000 square feet) is leased to a golf simulator company until June 2025. The building's versatile layout includes multi-level space suitable for offices, meeting rooms, fitness areas, and storage or classrooms. The fitness area features a 26-foot ceiling height. Amenities include a mezzanine-level kitchenette, washer and dryer, two restrooms, and main-level multi-stall restrooms with showers. The property's strategic location offers convenient proximity to the University of North Carolina at Greensboro (UNC-G), enhancing its appeal to a diverse clientele. An ADT security system is already installed, providing added security. The asking price for this unique property is $2,000,000. The property's APN is 0011698. This is a rare opportunity to acquire a substantial mixed-use property in a thriving Greensboro neighborhood.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,530,000
    ML approach
    $1,460,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,655,000
    6.5%
    $1,525,000
    7%
    $1,415,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,216,000
    Market price range: $964k - $1.97M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Greensboro
County
Guilford
State
North Carolina
Longitude
-79.8164
Latitude
36.0634
CBSA code
24660
CBSA name
GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,146
$251,400
$614,300
$865,700
-
$251,400
$614,300
$865,700
More about this property
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