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

    3321 Old Mcconnell Loop Greensboro, NC 27405

    • Commercial real estate
    • 17.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-4799554
    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

    • Commercial real estate

    Property Details for 3321 Old Mcconnell Loop

    Lot size
    17.47 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 17.47-acre industrial land parcel presents a unique investment opportunity in Greensboro, North Carolina. Located at 3321 Old McConnell Loop, in Guilford County, zip code 27405, this property is situated within a designated Growth Tier 1 area of the City of Greensboro's GSO 2040 Comprehensive Plan. This designation signifies immediate access to essential city services, including water and sewer, thanks to the proximity of existing infrastructure like roads, fire stations, and utility lines. While annexation into the city is required before connecting to these services, the streamlined process inherent to Growth Tier 1 areas ensures efficient development. All projects connecting to city utilities must adhere to Greensboro's Comprehensive Plan and relevant land development regulations. The property's zoning is currently AG, with a future land use designation of Industrial, reflecting its suitability for various industrial applications. The asking price for this strategically located land is $1,572,300. This represents a significant opportunity for developers seeking a prime location within a thriving industrial district. The property's latitude and longitude coordinates are 36.06178367811518 and -79.73135483081231 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.731354830812
    Latitude
    36.061783678115

    Comparable in this City

    • Contact for pricing
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      McConnell Road Land Assemblage

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      26.71 Acres

      Prime Greensboro Industrial Land

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      523.74 Acres

      Greensboro Industrial Land

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      13,992 SF

      Greensboro Flex Warehouse For Sale

      13,992 SF Flex Space, $1.25M
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    • $910,000
      5,000 SF

      Greensboro Flex Warehouse - $910K

      Prime Greensboro location, 5,000 SF flex space, 100% occupied.
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    Similar Nearby for Sale

    • Contact for pricing
      98.01 Acres

      Greensboro Industrial Land

      98 Acres, I-40 Frontage, High Traffic
      3725 Mcconnell Rd, Greensboro, NC 27405
      View Details
    • $7,060,800
      44.13 Acres

      McConnell Road Land Assemblage

      44 Acres, Greensboro, NC Industrial/Mixed-Use
      3739 Mcconnell Rd, Greensboro, NC 27405
      View Details
    • $3,605,850
      26.71 Acres

      Prime Greensboro Industrial Land

      26.71 Acres, I-85/I-40 Access
      371 Clapp Farms Rd, Greensboro, NC 27405
      View Details
    • Contact for pricing
      523.74 Acres

      Greensboro Industrial Land

      523 Acres, Prime Location, I-840 Access
      0 Ward Rd, Greensboro, NC 27405
      View Details
    • $1,250,000
      13,992 SF

      Greensboro Flex Warehouse For Sale

      13,992 SF Flex Space, $1.25M
      1038 Homeland Ave, Greensboro, NC 27405
      View Details
    • $910,000
      5,000 SF

      Greensboro Flex Warehouse - $910K

      Prime Greensboro location, 5,000 SF flex space, 100% occupied.
      1042 Lindsay St, Greensboro, NC 27405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      293,760 SF

      Prime Greensboro Distribution Center

      293,760 SF Class A Distribution Facility
      3618 Mcconnell Rd, Greensboro, NC 27405
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    • $4 SF/Yr
      18,000 SF

      Greensboro Warehouse with Loading Docks

      18,000 SF warehouse with multiple loading options.
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    • $8 SF/Yr
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      Greensboro Flex Space For Rent

      5000 SF flex space with office and fenced lot.
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    • $4 SF/Yr
      9,600 SF

      9,600 SF Warehouse Available

      Warehouse building featuring 15' ceilings and multiple loading options.
      808 Warehouse St, Greensboro, NC 27405
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    • Contact for pricing
      308,880 SF

      McConnell Road Industrial Center

      Large Warehouse Space Available in Greensboro
      3530 Mcconnell Rd, Greensboro, NC 27405
      View Details
    • Contact for pricing
      5,000 SF

      Greensboro Warehouse: 5,000 SF Available

      Prime Greensboro industrial space for lease.
      1350 16Th St, Greensboro, NC 27405
      View Details
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    Greensboro, NC 27405
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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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