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Property profile & analytics
OFF-MARKET
Estimated value
$4,790,000
Office Spaces
1211 Virginia St, Greensboro, NC 27401-1313
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1825170
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2019
Construction
FRAME
Total area
26,357 SF
Lot
1.25 ac (54,450 SF)
Zoning code
CU-GO-M
APN
4279
UPID
US53-1825170
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Luke Magnant, PA-C Physician
-
Gilbert W. Clark, PA-C Physician
-
Brian D. Petrarca, PA-C Physician
-
M Lindsey Stanbery, PA-C Physician
-
Megan Williams, FNP-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.65M
Comparable Approach
Comparable
$5.73M
Blend (final)
Blend
$4.79M
Owner & transaction history
Virginia Street Mob LLC · 7 yrs held
Virginia Street Mob LLC
since 2018
3 recorded transactions
Zoning & alternative use
CU-GO-M · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.9M
+98.4%
Retail stores
$6.1M
+52.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greensboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greensboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,035,000
6.5%
$4,650,000
7%
$4,315,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,985,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,905,000
Change: +98% · Conversion: Moderate
RETAIL STORES
$6,075,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$4.79M
Range $4.31M – $5.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$182 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$73,778
Tax year 2023
Assessed value
$5,258,600
Assessed 2023
Previous assessed
$5,258,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$871,200
Assessed improvement
$4,387,400
Land market value
$871,200
Improvement market value
$4,387,400
Total market value
$5,258,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
23
Bathrooms
17
Total area
26,357 SF
Lot
1.25 ac (54,450 SF)
Zoning code
CU-GO-M
APN
4279
UPID
US53-1825170
Jurisdiction
GUILFORD
Zoning & alternative use
CU-GO-M · Greensboro, NC
Zoning CU-GO-M · permitted uses
CU-GO-M · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greensboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
RETAIL STORES
Est. value
$6.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
23
Bathrooms
17
Lot
1.25 ac
Current owner
From public records · entity-resolved
Virginia Street Mob LLC
Entity
Mailing address
3150 N ELM ST STE #206, GREENSBORO, NC 27408-3840
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2020
—
Virginia Street Mob LLC
—
Deed
related
$4,500,000 · First Citizens Bank & Trust Co
Dec 27, 2018
$900,000
Virginia Street Mob LLC
Lds II LLC
Special Warranty Deed
$585,000 · First Citizens Bank & Trust Co
Mar 19, 2018
$900,000
Lds II LLC
Nsc Greensboro LLC
Special Warranty Deed
$900,000 · First Citizens Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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