Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3110 Kathleen Avenue Greensboro, NC 27408

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Large shopping center on 126 acres in Greensboro.

    Type:Retail, Office, Restaurant
    Lot size:
    126.00 Acres
    Added:
    Apr 13, 2022
    Days on Market:
    1464
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 3110 Kathleen Avenue

    General Information

    Standard status
    Active
    Lot size
    126.00 Acres
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    1957

    Spaces For Lease

    at 3110 Kathleen Avenue Contact us

    We can help!

    Listing Contact
    Ryan Nespeca

    Listing agent Ryan Nespeca License #TN

    Listing office CBL Properties

    Listing date Apr 13, 2022

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBL Properties

    Overview

    Open-Air Shopping Center in Greensboro

    This large open-air shopping center is situated on 126 acres in the heart of Greensboro. The property is surrounded on three sides by single-family homes and is adjacent to the number one Class A office submarket. The shopping center features a number of market-exclusive options.
    Location Intelligence

    Current Use by Public Records

    Amazon Locker - Panch Courier Service CBL & Associates Properties Real Estate Agency First Citizens Bank ... Atm Greensboro Weight Loss ... Health Counselor TRT Therapy Clinic ... Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Harris Teeter, 3330 W Friendly Ave, Greensboro, NC 27410
    • friendly center — 421 W Radiance Dr, Greensboro, NC 27403, United States
    • Friendly Center — 3110 Kathleen Ave, Greensboro, NC 27408
    • The Shops At Friendly — 3024 Northline Ave, Greensboro, NC 27408
    • Sunglass Hut at Macy's — 700 Friendly Center Rd, Greensboro, NC 27408

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8319701
    Latitude
    36.0858674

    Nearby Similar for Lease

    • Contact for pricing

      NC, Greensboro - Weybridge Ln

      4510 Weybridge Ln, Greensboro, NC 27407
      View Details
    • Sponsored
      Contact for pricing

      NC, Greensboro - 301 N Elm

      301 Elm St, Greensboro, NC 27401
      View Details
    • Contact for pricing

      Green Valley Office Park

      717 Green Valley Rd, Unit 200, Greensboro, NC 27408
      View Details
    • Contact for pricing

      NC, Greensboro - W Friendly Ave

      516 Friendly Ave, Greensboro, NC 27401
      View Details
    • $20/mo

      Greensboro Office Space Available

      4,336 SF office space for lease in Greensboro, NC.
      7029 Albert Pick Road, Greensboro, NC, 27409
      View Details
    • $12/mo

      Two-Story Office Building For Rent

      Two-story office building with on-site parking and signage opportunity.
      108 State Street, Greensboro, NC, 27408
      View Details
    • $12/mo

      Piedmont Parkway Office Space Available

      Office space for lease with convenient highway access.
      4270 Piedmont Parkway, Greensboro, NC, 27410
      View Details
    • $12/mo

      West Market Street Warehouse Space

      Warehouse and flex space available near PTI Airport.
      8642-8646 West Market Street, Greensboro, NC, 27409
      View Details
    • $7/mo

      Office Space on West Wendover

      Centrally located office space with flex and showroom opportunities.
      2-22 Oak Branch Dr, Greensboro, NC
      View Details
    • Contact for pricing

      Retail Space in Garden Creek

      Retail space available in Garden Creek Shopping Center.
      1641 New Garden Road, Greensboro, NC 27410
      View Details
    • $18/mo

      Office

      3810-102 North Elm Street, Greensboro, NC, 27455
      View Details
    • Contact for pricing

      Stand Alone Greensboro Office Space

      Charming office space for lease in central Greensboro location.
      2713 Pinedale Rd, Greensboro, NC
      View Details

    FAQs

    What type of property is this?
    Shopping center - Large shopping center on 126 acres in Greensboro.
    Where is this shopping center located?
    The property is located at 3110 Kathleen Avenue Greensboro, NC.
    What are key features of this property?
    This property features: Large, open‑air shopping center on 126 acres in the heart of Greensboro.; Surrounded by single‑family homes and adjacent to the number one Class A office submarket.; Features market‑exclusive options including Apple, Pottery Barn, and Williams‑Sonoma.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ryan Nespeca
    Real Estate License ID: TN
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!