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Property profile & analytics

1038 Homeland Ave Greensboro, NC 27405

  • Commercial real estate
  • 12,778 SF
  • 0.51 lot acres
Value Estimation
Last Sale
Aug 16, 2021
$425,000
Location Intelligence
Property ID
US53-1177116
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

  • JMG Elite Fitness / Personal Trainer
  • Custom Blinds By Tim / Window Treatment Store
  • Vintage Doors and Interiors / Door Supplier
  • Functional Home Accents / Furniture Store

Property Details for 1038 Homeland Ave

Year built
1959
Construction
FRAME
Lot size
0.51 lot acres
Property size
12,778 SF
Zone code
C-M
Property type
Commercial real estate
APN
28145
APU
28145

Description

This exceptional Greensboro industrial property, located at 1038 Homeland Avenue, offers 13,992 square feet of versatile flex space, ideal for a variety of businesses. The building, constructed in 1959 and extensively renovated in 2021, features a unique two-story design. The upper level boasts approximately 6,000 square feet of showroom/office space, providing a professional and inviting environment for clients and staff. In addition to the office space, the upper level also includes approximately 1,992 square feet of warehouse space, conveniently equipped with two dock-high doors (one 10' x 14' and one 10' x 8'). The lower level offers approximately 6,000 square feet of storage space, perfect for inventory or equipment. The property sits on a 0.51-acre lot and is zoned CM. Conveniently situated between East Wendover Avenue and East Bessemer Avenue in Guilford County, NC (zip code 27405), this property offers excellent accessibility and visibility. The building also includes ample power and multiple restrooms, with three located upstairs and two on the lower level. This single-tenant building presents a rare opportunity to acquire a well-maintained, versatile industrial property in a prime Greensboro location. The combination of office, showroom, and warehouse space makes this an attractive option for businesses seeking a functional and efficient workspace.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $470,000
  • CAP approach

    CAP return
    Estimation
    6%
    $390,000
    6.5%
    $370,000
    7%
    $400,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $440,000
    Geo Method
    $485,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $380,000
    Retail
    $465,000
    Mixed-Use
    $380,000
    Hospitality
    $425,000
    Educational
    $440,000
    Residential Income
    $420,000
    Energy
    $355,000
    Income-Based Land
    $350,000
    Food Service
    $400,000

Location Insight

  • Map
  • Local Demand
City
Greensboro
County
Guilford
State
North Carolina
Longitude
-79.7719
Latitude
36.0868
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
$5,988
$133,300
$293,500
$426,800
-
$133,300
$293,500
$426,800
More about this property
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