Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3204 Randleman Rd Greensboro, NC 27406
    Back to Search
    Property profile & analytics

    3204 Randleman Rd Greensboro, NC 27406

    View on Map
    • Lifestyle centers
    • 58,310 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Prestige Dry Cleaners / (Bike/Boat/Book/etc) Store
    • Gate City Mold Inspection / Environmental Consultant

    Property Details for 3204 Randleman Rd

    Year built
    1988
    Property size
    58,310 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Randleman Plaza Shopping Center, located in Greensboro, North Carolina, presents a prime retail opportunity. This single-story, 58,310 square foot shopping center sits on a 6-acre lot and boasts ample parking for customers and employees. Built in 1988, the property is zoned CU-SC and features a total of two suites. Currently, 8,800 square feet of retail space is available for lease, divisible into units ranging from a minimum of 2,800 square feet to a maximum contiguous space of 6,000 square feet. The center enjoys a strong location within a densely populated residential area, ensuring high traffic counts and excellent visibility. Existing tenants provide a desirable tenant mix, creating a synergistic environment for new businesses. The property's APN is 7862123573, and it is situated in Guilford County. This is an exceptional opportunity to establish or expand your retail presence in a thriving Greensboro community. The property offers a unique chance to capitalize on a high-traffic location with established neighboring businesses. Don't miss this chance to secure your space in this well-positioned shopping center.

    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
    -79.807
    Latitude
    36.008

    Comparable in this City

    • Value Estimation by Request
      14,368 SF

      435 Meadowview Rd

      Medical Office Space • 14,368 SF
      435 Meadowview Rd, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      1,725 SF

      3706 Elmsley Ct

      Individual retail properties • 1,725 SF
      3706 Elmsley Ct, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      2,283 SF

      1601 Elm-Eugene St

      Individual retail properties • 2,283 SF
      1601 Elm-Eugene St, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      1,970 SF

      2012 Elm-Eugene St

      Individual retail properties • 1,970 SF
      2012 Elm-Eugene St, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      0.07 Acres

      2201 Kivett Dr

      COMMERCIAL (GENERAL) • 0.07 Acres
      2201 Kivett Dr, Greensboro, NC 27406-8831
      View Details
    • Value Estimation by Request
      0.25 Acres

      502 Glendale Dr

      COMMERCIAL (GENERAL) • 0.25 Acres
      502 Glendale Dr, Greensboro, NC 27406-9248
      View Details

    Similar Nearby for Sale

    • $1,350,000
      4,838 SF

      Automotive Repair Facility For Sale

      Automotive repair facility with additional lot in high-traffic location.
      2901-2903 Randleman Rd, Greensboro, NC 27406
      View Details
    • $289,331

      Development Land Near Interstate

      Commercial land available near Interstate 40/85 in Greensboro, NC.
      3029 Glass Rd, Greensboro, NC 27406
      View Details
    • New
      $99,500
      0.47 Acres

      Greensboro, NC Land For Sale

      Residential land available in Greensboro, North Carolina.
      1903 Deidre Ct, Greensboro, NC 27406
      View Details
    • $640,000
      0.80 Acres

      Greensboro Land For Sale

      Two parcels totaling 0.80 acres near downtown Greensboro.
      508-512 Martin Luther King Jr Dr, Greensboro, NC 27406
      View Details
    • Contact for pricing

      23.96 Acres Development Opportunity

      23.96 acres near I-85 and future Amazon facility.
      231 Ritters Lake Rd, Greensboro, NC 27406
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for business purposes.
      3527 Rehobeth Church Rd, Greensboro, NC 27406
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Food Lion Anchored Retail Center

      Retail space in a high-traffic, densely populated area.
      3228 Randleman Rd, Greensboro, NC 27406
      View Details
    • $20 SF/Yr
      1,279 SF

      Retail Space Near Major Retailers

      Retail space available near Wal-Mart and Lowe's.
      4002 Elton Way, Greensboro, NC 27406
      View Details
    • Contact for pricing

      High-Visibility Retail/Industrial Space Available

      Retail/industrial space with highway access and ample parking.
      2641 Randleman Rd, Greensboro, NC 27406
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial single tenant property available for lease.
      3018 Thurston Ave, Greensboro, NC 27406
      View Details
    • Contact for pricing

      Greensboro Warehouse Space Available

      Warehouse space for rent at 107 Creek Ridge Rd.
      107 Creek Ridge Rd, Greensboro, NC 27406
      View Details
    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.
    3204 Randleman Rd
    Greensboro, NC 27406
    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

    Thank You for Inquiry
    3204 Randleman Rd, Greensboro, NC, 27406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!