Property profile

2823 Randleman Rd Greensboro, NC 27406

OFF-MARKET
Land
Property ID
US53-1786331
14.96 ac lot
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Property summary

AI-generated overview

This exceptional 14.96-acre land assemblage in Greensboro, North Carolina, presents a prime opportunity for residential development. Located at 2823 Randleman Road, in Guilford County, zip code 27406, this property is zoned CD-RM-12, permitting the construction of residential units. Approved construction drawings already exist for a 114-townhome development, streamlining the approval process and minimizing pre-construction delays. The site boasts convenient access to major transportation arteries, including I-40, I-73, and I-85, providing seamless connectivity throughout the greater Greensboro Metropolitan Statistical Area (MSA). Families will appreciate the property's proximity to highly-rated schools, situated within a two-mile radius: Vandalia Elementary School, Frazier Elementary School, and Allen Middle School. This location offers a blend of suburban tranquility and urban convenience, making it an ideal location for a thriving residential community. The property's size and zoning make it an attractive investment for developers seeking to capitalize on the growing demand for housing in the Greensboro area. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a fully entitled residential development site in a desirable location.

Property profile

Verified
Property type Land
Lot 14.96 ac (651,658 SF)
UPID US53-1786331

Cap rate & NOI

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

Location

2823 Randleman Rd Greensboro, NC 27406
Greensboro metro
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Value estimations

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Owner & transaction history

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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