Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2502 Westbrook St Greensboro, NC 27407-2530

    • Industrial land
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1662486
    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

    • Fiber Optic Cables / Fiber Optic Products Supplier

    Property Details for 2502 Westbrook St

    Lot size
    0.88 lot acres
    Zone code
    LI
    Property type
    Industrial land
    APN
    16653
    APU
    16653

    Description

    This exceptional 0.88-acre commercial vacant land parcel presents a remarkable investment opportunity in Greensboro, North Carolina. Strategically located near Gate City Boulevard, this cleared lot offers unparalleled accessibility and visibility, making it ideal for a diverse range of development projects. The property's prime location within a thriving area ensures strong potential for future growth and significant return on investment. Its versatility allows for the development of industrial facilities, office spaces, or a mixed-use complex, catering to a wide spectrum of business needs. The absence of existing structures simplifies the development process, minimizing pre-construction hurdles and allowing for efficient project implementation. This is a rare chance to acquire a substantial piece of commercial real estate in a high-demand location, poised for significant appreciation. The property's size and strategic positioning make it an attractive prospect for both established businesses seeking expansion and new ventures looking to establish a strong foothold in a dynamic market. Don't miss this chance to capitalize on the exceptional growth potential of this prime Greensboro location. The cleared lot is ready for immediate development, offering a streamlined path to realizing your commercial development vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8319
    Latitude
    36.057
    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
    $1,959
    $139,600
    $0.00
    $139,600
    -
    $139,600
    $0.00
    $139,600

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      3821 Patterson St, Unit YY

      INDUSTRIAL - VACANT LAND • 0.21 Acres
      3821 Patterson St, Greensboro, NC 27407
      View Details
    • Value Estimation by Request
      2.43 Acres

      4416 Abner Pl

      INDUSTRIAL - VACANT LAND • 2.43 Acres
      4416 Abner Pl, Greensboro, NC 27407-2902
      View Details
    • Value Estimation by Request
      1.78 Acres

      1802 Fairfax Rd, Unit YY

      INDUSTRIAL - VACANT LAND • 1.78 Acres
      1802 Fairfax Rd, Greensboro, NC 27407-4143
      View Details
    • Value Estimation by Request
      0.20 Acres

      2425 Binford St

      INDUSTRIAL - VACANT LAND • 0.20 Acres
      2425 Binford St, Greensboro, NC 27407-2501
      View Details
    • Value Estimation by Request
      0.58 Acres

      3611 Holden Rd

      INDUSTRIAL - VACANT LAND • 0.58 Acres
      3611 Holden Rd, Greensboro, NC 27407-7608
      View Details
    • Value Estimation by Request
      0.10 Acres

      2503 Husbands St

      INDUSTRIAL - VACANT LAND • 0.10 Acres
      2503 Husbands St, Greensboro, NC 27407-2507
      View Details

    Similar Nearby for Sale

    • $750,000
      2.40 Acres

      Greensboro Commercial Land - $750K

      Prime 2.4-acre commercial lot, ideal for development.
      4640 Market St, Greensboro, NC 27407
      View Details
    • $65,000

      Residential Land & Home Lots

      Multiple residential lots for sale as a package.
      2907 Norwood Dr, Greensboro, NC 27407
      View Details
    • $205,000

      Grandover Resort Flat Lot

      Flat lot in Grandover Resort with access to resort amenities.
      4110 Tansley Ct, Greensboro, NC 27407
      View Details
    • $89,900

      Multiple Lots for Sale

      Multiple parcels of land for sale together in Greensboro.
      2907 Zz Norwood Dr, Greensboro, NC 27407
      View Details
    • $240,000
      0.70 Acres

      Grandover Golf Course Home Site

      0.7-acre lot in Greensboro's Grandover golf community.
      4101 Tansley Ct, Greensboro, NC 27407
      View Details
    • $97,500
      0.29 Acres

      Residential Lot in Greensboro, NC

      Cleared lot ready for new home construction in Greensboro.
      4513 Swift St, Greensboro, NC 27407
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      One Acre Cleared Land Lease

      One acre cleared land for lease, heavy industrial zoning.
      3921 Spring Garden St, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Grandover Commons Office Location

      Shovel-ready sites in premier master-planned community near Grandover Resort.
      3600 Bismark Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Grandover Commons Office Location

      Office location in premier master-planned community near Grandover Resort.
      4403 Grandover Pkwy, Guilford, NC 27407
      View Details
    • Contact for pricing

      Grandover Parkway Development Sites

      Shovel-ready sites in Grandover Corporate Park near major interstates.
      4990-5003 Grandover Pkwy, Guilford, NC 27407
      View Details
    • Contact for pricing

      Grandover Parkway Development Sites

      Shovel-ready sites in Grandover Corporate Park near I-85.
      4525A Grandover Pkwy, Greensboro, NC 27407
      View Details
    • Contact for pricing
      143,000 SF

      Greensboro Retail Center Investment

      High-traffic retail space available now
      3703 Gate City Blvd, Greensboro, NC 27407
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2502 Westbrook St
    Greensboro, NC 27407-2530
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.