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    4701 Gate City Blvd Greensboro, NC 27407

    For Sale
    Contact for pricing

    High-Yield Shopping Center, 100% Occupied

    Property size:
    53,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 53,000 square foot shopping center presents a compelling value-add or redevelopment opportunity in Greensboro, North Carolina. Strategically located at the corner of West Gate City Boulevard and Groometown Road, with convenient access from Bowman Avenue, the property sits on a sizable 4.15-acre lot. Currently boasting 100% occupancy with a diverse mix of local tenants, this multi-tenant retail center offers significant upside potential. The existing leases provide a strong foundation, with many tenants on month-to-month agreements or having less than one year remaining on their current terms. A notable aspect of this investment is the substantial opportunity to increase rental rates, currently estimated to be approximately fifty percent below market value. This presents a clear path to enhance profitability and maximize return on investment. The property's prime location and the potential for rental rate increases make this a highly attractive opportunity for investors seeking immediate cash flow and long-term appreciation. With a modified lease structure and a remaining lease term of one year, this asset offers flexibility and control for the next owner. The 5% capitalization rate further underscores the strong financial prospects of this Greensboro retail center.

    Property Features for 4701 Gate City Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    53,000 SF
    Lot Size
    180,774 SF

    HighLights

    • 53,000 SF retail shopping center in Greensboro, NC.
    • Located on a 4.15‑acre lot at W Gate City Blvd & Groometown Rd, with Bowman Ave access.
    • 100% occupied with multi‑tenant lease, modified terms.
    • Significant rental upside potential (currently 50% below market).
    • Short‑term leases (many month‑to‑month or under 1 year remaining), offering value‑add or redevelopment opportunity.
    • 5.00% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.867856
    Latitude
    36.029955

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    FAQs

    What type of property is this?
    Lifestyle center - High-Yield Shopping Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 4701 Gate City Blvd Greensboro, NC.
    What are key features of this property?
    This property features: 53,000 SF retail shopping center in Greensboro, NC.; Located on a 4.15-acre lot at W Gate City Blvd & Groometown Rd, with Bowman Ave access.; 100% occupied with multi-tenant lease, modified terms.
    Request Owner's contact information
    4701 Gate City Blvd Greensboro, NC 27407
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    Greensboro, NC 27407
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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
    4701 Gate City Blvd Greensboro, NC 27407
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