Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,035,000
Retail space
2005 Cone Blvd Greensboro, NC 27405-4223
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5778968
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
FRAME
Total area
138,023 SF
Lot
14.01 ac (610,276 SF)
Zoning code
C
APN
55969
UPID
US53-5778968
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
-
Lowe's Garden Center Garden Center
-
LeMans At Lawndale Apartments Apartment Complex
-
Primo Water Exchange Big Box & Wholesale Store
-
Lowe's Home Improvement Home Appliance Store Hardware & Home Improvement
-
Lowe's ProServices Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.38M
Blend (final)
Blend
$12.04M
Owner & transaction history
Federal Home Loan Mtg Corp · 14 yrs held
Federal Home Loan Mtg Corp
since 2011
3 recorded transactions
Zoning & alternative use
C · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.04M
Range $10.83M – $13.24M · ±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
$87 / 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
$174,004
Tax year 2023
Assessed value
$12,402,300
Assessed 2023
Previous assessed
$13,189,800
-6.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$6,713,000
Assessed improvement
$5,689,300
Land market value
$6,713,000
Improvement market value
$5,689,300
Total market value
$12,402,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Rooms
8
Bathrooms
3
Total area
138,023 SF
Lot
14.01 ac (610,276 SF)
Zoning code
C
APN
55969
UPID
US53-5778968
Jurisdiction
GUILFORD
Zoning & alternative use
C · Greensboro, NC
Zoning C · permitted uses
C · 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.
Building & site characteristics
From public records
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Rooms
8
Bathrooms
3
Lot
14.01 ac
Current owner
From public records · entity-resolved
Federal Home Loan Mtg Corp
Entity
Free & Clear · 14 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Nov 10, 2011
$3,401,700
Federal Home Loan Mtg Corp
Medlin W Eric
Trustees Deed
related
—
Nov 10, 2011
—
Real Estate Advisors In Tritex
Federal Natl Mtg Assn Fnma
Grant Deed
related
—
Oct 15, 1999
$2,581,000
Daniel G Kamin Greensboro
Greensboro,cente
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2005 Cone Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
