Property profile

2005 Martin Luther King Jr Dr Greensboro, NC 27406

OFF-MARKET
Commercial real estate
Property ID
US53-2189146
2,950 SF 0.26 ac lot Built 1928
Individually Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1928
Total area 2,950 SF
Lot 0.26 ac (11,326 SF)
Zoning code C-L
APN 11191
UPID US53-2189146

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2005 Martin Luther King Jr Dr Greensboro, NC 27406-3314
Greensboro metro Census 11300 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2025
2 recorded transactions
2025
$90,000
2011
$25,000

Zoning & alternative use

C-L · Greensboro, NC
Zoning description

The C-L, Commercial Low district is primarily intended to accommodate low intensity shopping and services close to residential areas. The district is established to provide locations for businesses which serve nearby nei…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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