1038 Homeland Ave Greensboro, NC 27405
- Commercial real estate
- 12,778 SF
- 0.51 lot acres
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
-
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