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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    309 Spg St Greensboro, NC 27401-2256

    • Residential income homes
    • 3,072 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    9.5%
    Residential income homes
    Location Intelligence
    Property ID
    US53-1965911
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 309 Spg St

    Year built
    1926
    Construction
    FRAME
    Lot size
    0.19 lot acres
    Property size
    3,072 SF
    Zone code
    RM-26
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    1705
    APU
    1705

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $291,000
      Market price range: $199k - $1.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7974
    Latitude
    36.0764
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,614
    $55,000
    $202,600
    $257,600
    -
    $55,000
    $202,600
    $257,600

    Comparable in this City

    • Value Estimation
      $125,000
      1,950 SF

      301 Gant St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,950 SF
      301 Gant St, Greensboro, NC 27401-6556
      View Details
    • Value Estimation
      $275,000
      650 SF

      301 Cumberland St, Unit 321

      APARTMENT HOUSE (UNDER 5 UNITS) • 650 SF
      301 Cumberland St, Greensboro, NC 27401-2968
      View Details
    • Value Estimation
      $350,000
      3,366 SF

      416 Cedar St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,366 SF
      416 Cedar St, Greensboro, NC 27401-1966
      View Details
    • Value Estimation
      $330,000
      3,048 SF

      603 Old Heritage Trl

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,048 SF
      603 Old Heritage Trl, Greensboro, NC 27401-4373
      View Details
    • Value Estimation
      $470,000
      3,540 SF

      2416 Pear St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,540 SF
      2416 Pear St, Greensboro, NC 27401-4085
      View Details
    • Value Estimation
      $300,000
      650 SF

      405 Lindsay St, Unit 417

      APARTMENT HOUSE (UNDER 5 UNITS) • 650 SF
      405 Lindsay St, Greensboro, NC 27401-3198
      View Details

    Similar Nearby for Sale

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      All-brick quadruplex near A&T University in Greensboro, North Carolina.
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      Downtown Greensboro Commercial Land

      Prime .53-acre lot, ideal for development.
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    • Contact for pricing
      0.10 Acres

      Residential Lots in Willow Oaks

      Cleared, developed residential lots for single-family homes in Greensboro, NC.
      2008 Linda Jones Ave, Greensboro, NC 27401
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Lots in Willow Oaks

      Cleared, developed residential lots ready for home construction in Greensboro.
      726 Gillespie St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lots in Willow Oaks

      Cleared, developed residential lots ready for home construction in Greensboro.
      7 Willowside Cir, Greensboro, NC 27401
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    • $900,000
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      Greensboro Infill Development Site

      Prime 0.9-acre lot, 6-unit potential.
      703 Greene St, Greensboro, NC 27401
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    Similar Nearby for Lease

    • $1,395 /Mo

      Historic Fisher Park Apartment

      Charming 3-bedroom apartment in historic Fisher Park, available 7/1/2025.
      817 N Elm St, Greensboro, NC 27401
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    • $1,250 /Mo

      Historic Fisher Park Apartment

      Charming 2-bedroom apartment with stainless appliances and granite countertops.
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      View Details
    • $15 SF/Yr
      6,000 SF

      Prime Greensboro Executive Suites

      Downtown Greensboro Office Space Available
      114 Elm St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      146,223 SF

      Prime Greensboro Executive Office Space

      Class A Office Suites, Downtown Greensboro
      301 Elm St, Greensboro, NC 27401
      View Details
    • $4 SF/Yr
      76,500 SF

      Spacious Warehouse with Included Utilities

      76,500 SF warehouse space for lease, utilities included.
      2016-2024 E Market St, Greensboro, NC 27401
      View Details
    • $12 SF/Yr
      3,300 SF

      Greensboro Office Space For Rent

      Office space available for lease in Greensboro, North Carolina.
      1316 Carolina St, Greensboro, NC 27401
      View Details
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    309 Spg St
    Greensboro, NC 27401-2256
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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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