Technical
Financial
Distress signals
Property profile

2509 Phillips Ave Greensboro, NC 27405

OFF-MARKET
Retail space
Property ID
US53-2053886
27,752 SF 5.39 ac lot Built 1971
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Total area 27,752 SF
Lot 5.39 ac (234,788 SF)
Zoning code C-L
APN 43423
UPID US53-2053886

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
  • City Government Office

Location

2509 Phillips Ave Greensboro, NC 27405-5357
Greensboro metro Census 12705 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.51M
Blend (final) Blend
$2.73M

Owner & transaction history

since 2015
2 recorded transactions
2015
$490,000
2008
$1.3M

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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