Property profile

2924 Gate City Blvd Greensboro, NC 27403

OFF-MARKET
Retail space
Property ID
US53-1507077
17,084 SF 2.12 ac lot Built 1958
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1958
Total area 17,084 SF
Lot 2.12 ac (92,347 SF)
Zoning code C-M
APN 17224
UPID US53-1507077

Cap rate & NOI

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

Location

2924 Gate City Blvd Greensboro, NC 27403-4557
Greensboro metro Census 11602 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.71M
CAP Approach CAP
$2.97M
Comparable Approach Comparable
$4.41M
Blend (final) Blend
$3.54M

Owner & transaction history

since 2021
Last sale
$3.0M
5 recorded transactions
2021
$3.0M
2019
$1.5M
2019
Price N/A
2016
Price N/A
2012
Price N/A

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
Apartment house (5+ units) $4.5M +13.7%

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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