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

    2448 Battleground Ave Greensboro, NC 27408-4002

    • Industrial properties
    • 26,390 SF
    • 1.70 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2021
    $2,929,500
    Value Estimations
    $3,510,000
    Show details
    Cap Rate Potential
    2.7%
    Industrial properties
    Location Intelligence
    Property ID
    US53-0525179
    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

    • Caliber Collision / Auto Repair Shop
    • Caliber Auto Glass / General Contractor / Renovation Specialist
    • Regional Auto Center, Inc / Auto Repair Shop

    Property Details for 2448 Battleground Ave

    Year built
    1961
    Construction
    FRAME
    Lot size
    1.70 lot acres
    Property size
    26,390 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    35208
    APU
    35208

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,615,000
      ML approach
      $4,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,495,000
      Market price range: $1.65M - $4.50M
      AI Estimate
      $2,944,000
      Market price range: $878k - $2.94M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,020,000
      Current use
      COMMERCIAL (GENERAL)
      $4,510,000
      Change: +49% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8243
    Latitude
    36.1048
    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
    $40,618
    $1,451,400
    $1,443,700
    $2,895,100
    -
    $1,451,400
    $1,443,700
    $2,895,100

    Comparable in this City

    • Value Estimation
      $45,830,000
      815,472 SF

      2801 Lawndale Dr

      INDUSTRIAL (GENERAL) • 815,472 SF
      2801 Lawndale Dr, Greensboro, NC 27408-4119
      View Details
    • Value Estimation
      $2,185,000
      12,202 SF

      2419 Lawndale Dr

      INDUSTRIAL (GENERAL) • 12,202 SF
      2419 Lawndale Dr, Greensboro, NC 27408-4814
      View Details
    • Value Estimation
      $2,500,000
      6,719 SF

      15 Battleground Ct

      INDUSTRIAL (GENERAL) • 6,719 SF
      15 Battleground Ct, Greensboro, NC 27408-8026
      View Details
    • Value Estimation by Request
      0.06 Acres

      1501 Battleground Ave

      INDUSTRIAL (GENERAL) • 0.06 Acres
      1501 Battleground Ave, Greensboro, NC 27408
      View Details
    • Value Estimation
      $1,095,000
      15,819 SF

      2705 Branchwood Dr

      INDUSTRIAL (GENERAL) • 15,819 SF
      2705 Branchwood Dr, Greensboro, NC 27408-4011
      View Details
    • Value Estimation by Request
      2,880 SF

      3116 Battleground Ave

      INDUSTRIAL (GENERAL) • 2,880 SF
      3116 Battleground Ave, Greensboro, NC 27408-2630
      View Details

    Similar Nearby for Sale

    • $499,000
      0.37 Acres

      Residential Lot Near Greensboro Country Club

      Cleared lot near parks and Greensboro Country Club.
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      3.99 Acres

      Greensboro Land: 3.99 Acres

      Prime Greensboro location, commercial/residential potential.
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      Green Valley Office Suite

      Commercial office suite in central Greensboro's Green Valley area.
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    • Contact for pricing
      4,800 SF

      Industrial Space with Mezzanine Storage

      4,800 SF industrial space with ample parking and storage.
      1212 Battleground Ave, Greensboro, NC 27408
      View Details
    • $850,000
      3.85 Acres

      Land with Development Potential

      3.85 acres with frontage near major retailers and transit.
      1705 Quail Dr, Greensboro, NC 27408
      View Details
    • Contact for pricing
      8,986 SF

      Fully Occupied Retail Center

      Retail center built in 2008 with diverse tenant mix.
      2920 Martinsville Rd, Greensboro, NC 27408
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      1,249 SF

      Bee Safe Flex Space

      Climate-controlled flex space with drive-in access in Greensboro.
      1014 Battleground Ave, Greensboro, NC 27408
      View Details
    • Contact for pricing

      Office Space with Warehouse Access

      Private office suites available for lease with warehouse access.
      2606 Branchwood Dr, Greensboro, NC 27408
      View Details
    • $16 SF/Yr
      7,095 SF

      Greensboro Medical Office Space

      7,095 SF Medical Office, Build-to-Suit
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      View Details
    • $21 SF/Yr
      2,634 SF

      Corner Office Space in Greensboro

      Office space ideal for small businesses and start-ups.
      2102 N Elm St, Greensboro, NC 27408
      View Details
    • Contact for pricing
      1,735 SF

      Retail Space in Greensboro Center

      Retail spaces available in Greensboro neighborhood shopping center.
      2310 Battleground Ave, Greensboro, NC 27408
      View Details
    • Contact for pricing
      1,367,802 SF

      Greensboro Retail & Office Space

      Prime Greensboro location, multiple spaces available.
      3110 Kathleen Ave, Greensboro, NC 27408
      View Details
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    2448 Battleground Ave
    Greensboro, NC 27408-4002
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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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