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    3029 Glass Rd Greensboro, NC 27406
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    3029 Glass Rd Greensboro, NC 27406

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    • Commercial land
    For Sale
    $289,331
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    Development Land Near Interstate For Sale
    $289,331

    Development Land Near Interstate

    Prime location for development with easy highway access.

    3029 Glass Road, Greensboro, NC 27406
    View Listing
    Property ID
    US53-2088918
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3029 Glass Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    PRIME LOCATION AVAILABLE FOR DEVELOPMENT. LOCATED ADJACENT TO INTERSTATE 40/85 (LOOP). GOOD VISABILITY WITH EASY ACCESS TO GREENSBORO

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.734339
    Latitude
    36.0221523

    Comparable in this City

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      Prime Land in Amazon Corridor

      Vacant land in growing logistics corridor, development potential.
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    • $800,000
      11.53 Acres

      Greensboro Commercial Land For Sale

      Prime location available for development near Interstate 40/85.
      1614 Alamance Church Rd, Greensboro, NC 27406
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    • $289,331

      Development Land Near Interstate

      Commercial land available near Interstate 40/85 in Greensboro, NC.
      3029 Glass Rd, Greensboro, NC 27406
      View Details
    • $640,000
      0.80 Acres

      Greensboro Land For Sale

      Two parcels totaling 0.80 acres near downtown Greensboro.
      508-512 Martin Luther King Jr Dr, Greensboro, NC 27406
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      23.96 Acres Development Opportunity

      23.96 acres near I-85 and future Amazon facility.
      231 Ritters Lake Rd, Greensboro, NC 27406
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      13 Acres Land Development Opportunity

      13 acres of subdivided land suitable for residential or mixed-use development.
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      Prime Vacant Land Opportunity

      8.6 acres of vacant land in South Greensboro.
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      Land Available For Development

      Prime location land available for development near Interstate 40/85.
      1614 Alamance Church Rd, Greensboro, NC 27406
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    • $800,000

      Development Land Near Interstate

      Commercial land available for development with high visibility.
      1614 Alamance Church Rd, Greensboro, NC 27406
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      Commercial Land Near Downtown

      Commercial land available near established retail and downtown Greensboro.
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    Similar Nearby for Lease

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      Land for Retail or Industrial

      Development opportunity for retail or industrial uses in Greensboro.
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    • $4,250 /Mo
      2 SF

      Industrial Land For Lease

      Industrial land available for lease in Greensboro, North Carolina.
      1100 South Elm St, Greensboro, NC 27406
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      Greensboro Secured Outdoor Storage Land

      4.06 AC of secured industrial outdoor storage for lease.
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      Industrial Single Tenant Warehouse Space

      9,976 SqFt single tenant industrial space for lease.
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      10,200 SF

      Industrial Warehouse with Paved Yard

      6,726 SF industrial warehouse with convenient highway access.
      1520 Alamance Church Rd, Greensboro, NC 27406
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    View Listing
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    Greensboro, NC 27406
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    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
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