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    1320 Lees Chapel Rd Greensboro, NC 27455
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    Property profile & analytics

    1320 Lees Chapel Rd Greensboro, NC 27455

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    • Neighborhood centers
    • 62,496 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shear Kreations / Hair Salon / Nail Salon
    • Judy T. Slade: Allstate Insurance / Insurance Agency
    • Amore's Pizza & Subs / Restaurant
    • Wonderful Chinese Restaurant / Restaurant

    Property Details for 1320 Lees Chapel Rd

    Property size
    62,496 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Church Crossing Shopping Center, located at 1320 Lees Chapel Rd in Greensboro, NC 27455, presents a compelling retail investment opportunity. This 62,496 square foot, grocery-anchored neighborhood center sits at the high-traffic intersection of Lees Chapel Road and N Church Street, boasting an impressive 35,000 average daily traffic count. The property offers multiple tenancy options, with three spaces currently available, ranging from a minimum of 1,400 square feet to a maximum contiguous space of 191,664 square feet. A total of 10,500 square feet is currently vacant. Situated on an 8.2-acre lot in Guilford County, this center benefits from convenient access to the future I-840 urban loop and features a valuable stoplight access point. The thriving location is surrounded by a strong mix of established national retailers, including Harris Teeter, Starbucks, Chick-fil-A, AutoZone, Rite Aid, Popeyes, Panera Bread, and Walgreens, ensuring high visibility and foot traffic. This property offers a unique chance to establish a presence in a rapidly growing area of Greensboro. The flexible space options cater to a variety of retail businesses seeking a prime location with excellent accessibility and strong surrounding demographics.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.787
    Latitude
    36.1346

    Comparable in this City

    • Value Estimation
      $585,000
      3,448 SF

      5900 Church St

      RETAIL STORES (PERSONAL SERVICES) • 3,448 SF
      5900 Church St, Greensboro, NC 27455-9286
      View Details
    • Value Estimation
      $9,465,000
      41,970 SF

      5820 Church St

      RETAIL STORES (PERSONAL SERVICES) • 41,970 SF
      5820 Church St, Greensboro, NC 27455-9342
      View Details
    • Value Estimation
      $800,000
      6,800 SF

      4414 Lawndale Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,800 SF
      4414 Lawndale Dr, Greensboro, NC 27455-1800
      View Details
    • Value Estimation by Request
      2,640 SF

      3800 Lawndale Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      3800 Lawndale Dr, Greensboro, NC 27455-1606
      View Details
    • Value Estimation
      $8,755,000
      57,772 SF

      411 Pisgah Church Rd, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 57,772 SF
      411 Pisgah Church Rd, Greensboro, NC 27455-2590
      View Details
    • Value Estimation
      $5,205,000
      47,958 SF

      3712 Lawndale Dr

      RETAIL STORES (PERSONAL SERVICES) • 47,958 SF
      3712 Lawndale Dr, Greensboro, NC 27455-3065
      View Details

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      Greensboro Church Property For Sale

      Church property with sanctuary, classrooms, and expansion potential.
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    Similar Nearby for Lease

    • 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
      5,000 SF

      Mixed-Use Development Retail/Restaurant Space

      Class A office, retail, and restaurant space for lease.
      2002 Pisgah Church Rd, Greensboro, NC 27455
      View Details
    • Contact for pricing

      Mixed-Use Center in Greensboro

      Mixed-use center with retail, dining, office, and apartments.
      401 Pisgah Church Rd, Greensboro, NC 27455
      View Details
    • Contact for pricing

      Premium Office Space Greensboro

      Office and retail space available for rent in Greensboro.
      1901 Ashwood Ct, Greensboro, NC 27455
      View Details
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      1,333 SF

      Retail Space in Cross Point

      Retail space available in northwest Greensboro shopping center.
      3714 Lawndale Dr, Greensboro, NC 27455
      View Details
    • Contact for pricing
      1,373 SF

      Mixed-Use Development in Greensboro

      Class A office and retail space in a premier mixed-use development.
      401 Pisgah Church Rd, Greensboro, NC 27455
      View Details
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    Greensboro, NC 27455
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    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
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    1320 Lees Chapel Rd, Greensboro, NC, 27455
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