Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1103 Norwalk St Greensboro, NC 27407-2022

    • Office Properties & Spaces
    • 3,773 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5630063
    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

    • Alarmguard Security, Inc. / Security Service / Tech Support Center
    • AAA Protection Inc. / Security Service / Tech Support Center

    Property Details for 1103 Norwalk St

    Year built
    1985
    Construction
    FRAME
    Lot size
    1.23 lot acres
    Property size
    3,773 SF
    Zone code
    LI
    Property type
    Office Properties & Spaces
    APN
    57698
    APU
    57698

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8717
    Latitude
    36.0531
    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
    $7,634
    $267,900
    $276,200
    $544,100
    -
    $267,900
    $276,200
    $544,100

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      2201 Siler St

      OFFICE (GENERAL) • 0.10 Acres
      2201 Siler St, Greensboro, NC 27407
      View Details
    • Value Estimation by Request
      0.11 Acres

      2407 Meadowview Rd

      OFFICE (GENERAL) • 0.11 Acres
      2407 Meadowview Rd, Greensboro, NC 27407-3404
      View Details
    • Value Estimation
      $12,095,000
      132,000 SF

      1801 Stanley Rd

      OFFICE (GENERAL) • 132,000 SF
      1801 Stanley Rd, Greensboro, NC 27407-2640
      View Details
    • Value Estimation
      $3,630,000
      37,612 SF

      1915 Blvd St

      OFFICE (GENERAL) • 37,612 SF
      1915 Blvd St, Greensboro, NC 27407-4513
      View Details
    • Value Estimation by Request
      625 SF

      1921 Blvd St E E Ste

      OFFICE (GENERAL) • 625 SF
      1921 Blvd St E E Ste, Greensboro, NC 27407-4560
      View Details
    • Value Estimation by Request
      0.69 Acres

      5504 Adams Farm Ln

      OFFICE (GENERAL) • 0.69 Acres
      5504 Adams Farm Ln, Greensboro, NC 27407-6395
      View Details

    Similar Nearby for Sale

    • $2,300,000
      73,604 SF

      Retail Spaces Behind Fanta City

      Retail spaces available behind Fanta City Condominiums.
      4927 W Market St, Greensboro, NC 27407
      View Details
    • $950,000

      Corner Lot Land Parcels

      Four land parcels on a highly visible corner lot.
      3618 Groometown Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Commercial Land on Gate City Boulevard

      Commercial land available on Gate City Blvd in Greensboro, NC.
      4601 W Gate City Blvd, Greensboro, NC 27407
      View Details
    • $289,900
      2.84 Acres

      Greensboro Multifamily Development Opportunity

      2.84 acres approved for 24 multifamily units in Greensboro.
      1050 W Barton St, Greensboro, NC 27407
      View Details
    • Contact for pricing
      1.43 Acres

      Greensboro Residential Land - 1.43 Acres

      Vacant lot, R3 zoning, great potential.
      12Yy Bellows Ct, Greensboro, NC 27407
      View Details
    • Contact for pricing
      3,635 SF

      Greensboro Retail Space - Mackay Rd

      Prime Retail Space, High Traffic Area, 3635 SF
      5013 Mackay Rd, Greensboro, NC 27407
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      15,252 SF

      Wendover Office Center: Greensboro

      Prime West Greensboro Office Suites
      3405-3411 Wendover Ave, Greensboro, NC 27407
      View Details
    • $20 SF/Yr
      33,275 SF

      Hunt Village Executive Suites

      Greensboro Office Space, 2,000-2,399 SF Available
      5000 High Point Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing
      70,144 SF

      Four-Story Office Building For Rent

      Four-story office building in a mature business park with lake-front views.
      1801 Stanley Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing
      52,500 SF

      Office Space in Grandover Commons

      Office space for lease in Grandover Corporate Park.
      4506 Weybridge Ln, Greensboro, NC 27407
      View Details
    • Contact for pricing
      4,200 SF

      Former Bank Branch with Drive-Thru

      Office space with drive-thru, suitable for financial institutions.
      5605 Hilltop Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing
      140,000 SF

      Former Macy's Prime Retail Space

      Flexible leasing opportunity in a high-traffic retail corridor.
      5410 Hornaday Rd, Greensboro, NC 27407
      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.
    1103 Norwalk St
    Greensboro, NC 27407-2022
    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

    Google sign-in failed. Please try again or use another login method.