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    Property profile & analytics

    1050 Grecade St Greensboro, NC 27408

    • Commercial real estate
    • 0.16 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimation
    $770,000
    Last Sale
    Dec 13, 2022
    $695,000
    Location Intelligence
    Property ID
    US53-0921105
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1050 Grecade St

    Lot size
    0.16 lot acres
    Zone code
    LI
    Property type
    Commercial real estate
    APN
    6677
    APU
    6677

    Description

    This exceptional 7,095-square-foot medical office building at 1050 Grecade Street in Greensboro, North Carolina, presents a unique opportunity. Located in the burgeoning Midtown area, less than a mile from Downtown Greensboro, this property boasts a prime location near numerous restaurants and breweries. The building, classified as Class D, features a single story with a 10-foot ceiling height and ample parking (25 spaces). Previously divided into four units, all interior walls have been removed, offering complete flexibility for build-to-suit options. The space is currently vacant and available in its entirety (7,095 square feet) or divisible to a minimum of 1,350 square feet. With LI zoning, the property is well-suited for various uses, including retail or office space. The property's address is 1050 Grecade Street, Greensboro, NC 27408, and is conveniently located near Battleground Avenue. This adaptable space provides an excellent chance to create a customized workspace tailored to specific business needs in a vibrant and growing area. The entire 7,095 square feet is currently available.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $735,000
      6.5%
      $765,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $655,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $605,000
      Retail
      $650,000
      Mixed-Use
      $780,000
      Hospitality
      $640,000
      Educational
      $825,000
      Residential Income
      $820,000
      Energy
      $790,000
      Income-Based Land
      $735,000
      Food Service
      $625,000

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.804
    Latitude
    36.0837
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,239
    $82,700
    $5,600
    $88,300
    -
    $82,700
    $5,600
    $88,300

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      2310 Markland Dr, Unit YY

      COMMERCIAL (GENERAL) • 0.01 Acres
      2310 Markland Dr, Greensboro, NC 27408-5414
      View Details
    • Value Estimation by Request
      0.13 Acres

      2618 Battleground Ave, Unit YY

      COMMERCIAL (GENERAL) • 0.13 Acres
      2618 Battleground Ave, Greensboro, NC 27408-1924
      View Details
    • Value Estimation by Request
      0.15 Acres

      2928 Battleground Ave

      COMMERCIAL (GENERAL) • 0.15 Acres
      2928 Battleground Ave, Greensboro, NC 27408-2706
      View Details
    • Value Estimation by Request
      0.23 Acres

      2608 Battleground Ave

      COMMERCIAL (GENERAL) • 0.23 Acres
      2608 Battleground Ave, Greensboro, NC 27408-4006
      View Details
    • Value Estimation by Request
      4,002 SF

      1501 Westover Ter

      COMMERCIAL (GENERAL) • 4,002 SF
      1501 Westover Ter, Greensboro, NC 27408-7111
      View Details
    • Value Estimation by Request
      6,722 SF

      2800 Battleground Ave

      COMMERCIAL (GENERAL) • 6,722 SF
      2800 Battleground Ave, Greensboro, NC 27408-2704
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail space available for lease in Greensboro, North Carolina.
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    1050 Grecade St
    Greensboro, NC 27408
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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
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