Property profile

2702 Gate City Blvd Greensboro, NC 27403

OFF-MARKET
Commercial real estate
Property ID
US53-1475478
3,946 SF 1.31 ac lot Built 1963
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1963
Total area 3,946 SF
Lot 1.31 ac (57,064 SF)
Zoning code C-M
APN 16540
UPID US53-1475478

Cap rate & NOI

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

Location

2702 Gate City Blvd Greensboro, NC 27403-3146
Greensboro metro Census 11602 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
$695k
Comparable Approach Comparable
$899k
Blend (final) Blend
$665k

Owner & transaction history

since 2018
2 recorded transactions
2022
Price N/A
2018
$750,000

Zoning & alternative use

C-M · Greensboro, NC
Zoning description

The C-M, Commercial Medium district is primarily intended to accommodate a wide range of retail, service,officeand multi family residential uses in amixed useenvironment. The district is typically located along thoroughf…

General category MIXED_USE
Top alternative use upside
Retail stores $910,000 +50.0%

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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