Property profile

3035 Gate City Blvd Greensboro, NC 27403

OFF-MARKET
Commercial real estate
Property ID
US53-5422661
6,326 SF 1.24 ac lot Built 1984
Individually Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1984
Construction FRAME
Total area 6,326 SF
Lot 1.24 ac (54,014 SF)
Zoning code C-M
APN 28589
UPID US53-5422661

Cap rate & NOI

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

Location

3035 Gate City Blvd Greensboro, NC 27403-3654
Greensboro metro Census 12604 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
$1.12M
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$1.02M

Owner & transaction history

since 2014
6 recorded transactions
2014
$750,000
2011
$1.7M
2011
$1.1M
2011
$450,100
2008
$500,000
2004
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) $1.7M +70.5%
Retail stores $1.5M +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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