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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1201 Lanada Rd Greensboro, NC 27407-2705

    • Hotels
    • 65,730 SF
    • 2.61 lot acres
    OFF-MARKET
    Last Sale
    Nov 17, 2021
    $9,000,000
    Value Estimations
    $10,050,000
    Show details
    Cap Rate Potential
    4.2%
    Hotels
    Location Intelligence
    Property ID
    US53-1146448
    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

    • La Quinta Inn & Suites by Wyndham Greensboro NC / Hotel & Motel

    Property Details for 1201 Lanada Rd

    Year built
    1999
    Lot size
    2.61 lot acres
    Property size
    65,730 SF
    Zone code
    CU-CP
    Property type
    Hotels
    Property subtype
    Motels
    APN
    74448
    APU
    74448

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $13,025,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,890,000
      6.5%
      $9,130,000
      7%
      $8,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,742,000
      Market price range: $3.33M - $11.7M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $7,575,000
      Current use
      RETAIL STORES
      $15,145,000
      Change: +100% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,710,000
      Change: +28% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $8,105,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.893
    Latitude
    36.0536
    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
    $126,482
    $1,168,200
    $11,130,900
    $12,299,100
    -
    $1,168,200
    $11,130,900
    $12,299,100

    Comparable in this City

    • Value Estimation
      $3,130,000
      40,416 SF

      6009 Landmark Ctr Blvd

      HOTEL/MOTEL • 40,416 SF
      6009 Landmark Ctr Blvd, Greensboro, NC 27407-2634
      View Details
    • Value Estimation
      $2,920,000
      27,506 SF

      3121 Gate City Blvd

      HOTEL/MOTEL • 27,506 SF
      3121 Gate City Blvd, Greensboro, NC 27407-4615
      View Details
    • Value Estimation
      $875,000
      7,488 SF

      3303 Isler Ct

      HOTEL/MOTEL • 7,488 SF
      3303 Isler Ct, Greensboro, NC 27407-4660
      View Details
    • Value Estimation
      $4,290,000
      46,415 SF

      1200 Lanada Rd

      HOTEL/MOTEL • 46,415 SF
      1200 Lanada Rd, Greensboro, NC 27407-2704
      View Details
    • Value Estimation
      $8,575,000
      71,213 SF

      1619 Stanley Rd

      HOTEL/MOTEL • 71,213 SF
      1619 Stanley Rd, Greensboro, NC 27407-2616
      View Details
    • Value Estimation
      $5,740,000
      79,048 SF

      3220 Gate City Blvd

      HOTEL/MOTEL • 79,048 SF
      3220 Gate City Blvd, Greensboro, NC 27407-4618
      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
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    • 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
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    • $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

    • Contact for pricing
      2,500 SF

      Greensboro Flex / Industrial Space

      2,500 SF flex/industrial space available for lease.
      1904 Fairfax Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces available in Greensboro shopping center.
      3703-3723 West Gate City Blvd, Greensboro, NC 27407
      View Details
    • $22 SF/Yr
      19,813 SF

      Wendover Ave Retail Space For Lease

      High-Visibility Greensboro Retail Space
      4401 Wendover Ave, Greensboro, NC 27407
      View Details
    • Contact for pricing
      143,000 SF

      Greensboro Retail Center Investment

      High-traffic retail space available now
      3703 Gate City Blvd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Grandover Commons Office Location

      Shovel-ready sites in premier master-planned community near Grandover Resort.
      3600 Bismark Rd, Greensboro, NC 27407
      View Details
    • $16 SF/Yr
      15,252 SF

      Wendover Office Center: Greensboro

      Prime West Greensboro Office Suites
      3405-3411 Wendover Ave, Greensboro, NC 27407
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      3.0k
    • Avg Time on site
      442 min
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    Greensboro, NC 27407-2705
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    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
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