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

    1705 Quail Dr Greensboro, NC 27408

    Sponsored
    For Sale
    Contact for pricing

    Prime Greensboro location, commercial/residential potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 3.99-acre property in Greensboro, North Carolina, presents a unique investment opportunity. Comprising two contiguous tracts at 1705 Quail Drive and 2517 Carroll Street, this land offers significant development potential due to its versatile zoning. The 1705 Quail Drive parcel is zoned R-5 (Residential Single Family) and CD-O (Conditional District-Office), while the 2517 Carroll Street parcel is zoned CD-O. The seller will consider subdividing the property, providing flexibility for various development scenarios. The property boasts street frontage on both Carroll Street (at two locations) and Quail Drive, offering excellent visibility and accessibility. The Carroll Street frontage is conveniently located less than 600 feet from the intersection with Battleground Avenue (US Highway 220), a major thoroughfare with a high average annual daily traffic count of 26,500 vehicles, and also served by Greensboro Transit Route 8. Additional access is available via the signalized intersection of Oakcrest Avenue and Benjamin Parkway. The location benefits from proximity to numerous national retailers and restaurants, including Target, Harris Teeter, Office Depot, and PetSmart. Furthermore, the property is conveniently situated near three hospitals and a substantial number of healthcare providers. Existing structures on the property are offered at no value. Strong demographics support the potential for various developments: within a 1-mile radius, the total population is 5,055 with an average household income of $71,775

    Property Features for 1705 Quail Dr

    General Information

    Property type
    Land
    Lot Size
    173,804 SF

    HighLights

    • 3.99‑acre development site in Greensboro, NC, comprised of two contiguous parcels.
    • Zoned R‑5 and CD‑O, allowing for flexible development options; seller will consider subdividing.
    • Excellent visibility and accessibility with frontage on Carroll Street and Quail Drive, near Battleground Ave (US Hwy 220).
    • Strong demographics: 5,055 residents within 1 mile, $71,775 average household income; near major retailers, hospitals, and healthcare providers.
    • Existing structures are offered as‑is, with no value assigned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Platypus PC Custom ... Computers

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -79.8264571
    Latitude
    36.1029287

    Nearby Similar for Sale

    • Sponsored
      $1,625,000
      5,270 SF

      1018 North Elm Street

      Three Contiguous Commercial/Medical/Office Properties
      1018 North Elm St, Greensboro, NC 27401
      View Details
    • $1,790,000
      1.15 Acres

      Greensboro Commercial Property For Sale

      Versatile commercial property in a high-growth Greensboro corridor.
      3718 Old Battleground Rd, Greensboro, NC 27410
      View Details
    • $325,000

      Greensboro Triplex with Remodeled Units

      Versatile triplex in Greensboro with remodeled units and income potential.
      3530 Riverside Dr, Greensboro, NC 27406
      View Details
    • $325,000
      2,438 SF

      Greensboro Triplex: Investment Opportunity

      Versatile triplex with remodeled units, income potential, and lake views.
      3530 Riverside Dr, Greensboro, NC 27406
      View Details
    • New
      $400,000
      3,790 SF

      Multifamily Property in Greensboro, NC

      Distressed multifamily property with value-add potential in Greensboro, NC.
      3425 Martin Ave, Greensboro, NC 27405
      View Details
    • $299,000
      Pending

      Greensboro Duplex: Income-Producing Corner Lot

      Income-producing duplex in Greensboro with updated HVAC and roof.
      2509 Pinnix St, Greensboro, NC 27405
      View Details
    • New
      $1,390,000
      10,860 SF

      Greensboro Multifamily Property Near UNCG

      12-unit property near UNC Greensboro with income upside.
      920 Highland Ave, Greensboro, NC 27403
      View Details
    • $800,000
      Pending

      Adams Farm Swim and Tennis

      Swim and tennis club with retail space in Greensboro.
      1903 Adams Farm Rd, Greensboro, NC 27407
      View Details
    • $36,750,500
      42,240 SF

      Greensboro Topgolf Net Lease Investment

      New 42,240 SF Topgolf venue on 10.40 acres.
      609 Guilford College Rd, Greensboro, NC 27409
      View Details
    • $179,900

      Well-Maintained Condo in Timberbrooke

      Move-in ready, 2-bedroom condo with modern amenities and convenient location.
      4290 Cedarcroft Ct #3, Greensboro, NC 27409
      View Details
    • $3,400,000

      Industrial Package Investment Opportunity

      Two-building industrial package for sale with lease opportunity.
      3107 S Elm Eugene St, Greensboro, NC 27406
      View Details
    • $1,650,000
      2,949 SF

      Restaurant Property with Strong Franchisee

      Restaurant property with a long-term absolute NNN lease.
      4805 W Market St, Greensboro, NC 27401
      View Details

    FAQs

    What type of property is this?
    Land - Prime Greensboro location, commercial/residential potential.
    Where is this land located?
    The property is located at 1705 Quail Dr Greensboro, NC.
    What are key features of this property?
    This property features: 3.99-acre development site in Greensboro, NC, comprised of two contiguous parcels.; Zoned R-5 and CD-O, allowing for flexible development options; seller will consider subdividing.; Excellent visibility and accessibility with frontage on Carroll Street and Quail Drive, near Battleground Ave (US Hwy 220).
    (336) 380-0800
    Request Owner's contact information
    1705 Quail Dr Greensboro, NC 27408
    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.
    1705 Quail Dr
    Greensboro, NC 27408
    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.

    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
    1705 Quail Dr Greensboro, NC 27408
    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
    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.