Property profile

2400 Freeman Mill Rd Greensboro, NC 27403

FOR SALE
Office Spaces
Property ID
US53-1985589
36,830 SF 4.19 ac lot Built 2003
Entity Owned 5-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Class A office building, constructed in 2003 by Samet Corporation, offers 37,082 square feet of immediately available space in Greensboro, North Carolina. The property boasts a striking brick and block exterior and is conveniently located off I-40, providing easy access to downtown. The building features three stories, with a minimum divisible space of 10,532 square feet and a maximum contiguous space of 13,937 square feet, making it ideal for a variety of business needs. Ample parking is provided with 148 spaces, all freshly surfaced. Security features include secure building and floor entry access. Enhancements include beautiful landscaping, multi-floor patio access, and excellent street-front signage opportunities. The building's prime location in Guilford County, with a 27406 zip code, offers unparalleled visibility and accessibility. This iconic Greensboro property presents a unique opportunity for businesses seeking a prestigious and functional workspace. The building's modern design and convenient amenities create a highly desirable environment for employees and clients alike. Don't miss the chance to establish your presence in this exceptional office space.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2003
Construction FRAME
Total area 36,830 SF
Lot 4.19 ac (182,516 SF)
Zoning code CU-GO-M
APN 25747
UPID US53-1985589

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Tax Preparation
  • Counselor
  • Insurance Agency
  • Law Firm
  • Consultant

Location

2400 Freeman Mill Rd Greensboro, NC 27403
Greensboro metro Census 11500 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.50M
Comparable Approach Comparable
$7.01M
Blend (final) Blend
$6.07M

Owner & transaction history

since 2020
Last sale
$5.8M
3 recorded transactions
2020
Price N/A
2017
$5.8M
1969
Price N/A

Zoning & alternative use

CU-GO-M · Greensboro, NC
Top alternative use upside
Retail stores $8.5M +58.7%

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
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?”
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