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Property profile & analytics
FOR LEASE
Office Spaces
3511 W Market St Greensboro, NC 27403
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1201309
For Lease
1 / 2
$4,710,000
3511 W Market St, Greensboro, NC 27403
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Total area
24,960 SF
Lot
4.43 ac (192,971 SF)
Zoning code
O
APN
18621
UPID
US53-1201309
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jones Jason E MD Physician
-
Plovsky Gerald MD Physician
-
Damita Watkins Amick, MPT Physician
-
Eagle Family Medicine @ Triad Medical Clinic
-
Dr. Clinton D. Young, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.41M
Comparable Approach
Comparable
$5.69M
Blend (final)
Blend
$4.71M
Owner & transaction history
KOURY CORP
KOURY CORP
Zoning & alternative use
O · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.5M
+70.5%
Retail stores
$5.8M
+50.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greensboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greensboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,770,000
6.5%
$4,405,000
7%
$4,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,835,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,540,000
Change: +71% · Conversion: Moderate
RETAIL STORES
$5,750,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$4.71M
Range $4.24M – $5.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$189 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$67,490
Tax year 2023
Assessed value
$4,503,500
Assessed 2023
Previous assessed
$4,503,500
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$1,042,000
Assessed improvement
$3,461,500
Land market value
$1,042,000
Improvement market value
$3,461,500
Total market value
$4,503,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1950
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
10
Bathrooms
7
Total area
24,960 SF
Lot
4.43 ac (192,971 SF)
Zoning code
O
APN
18621
UPID
US53-1201309
Jurisdiction
GUILFORD
Zoning & alternative use
O · Greensboro, NC
Zoning O · permitted uses
O · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greensboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
RETAIL STORES
Est. value
$5.8M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
10
Bathrooms
7
Lot
4.43 ac
Current owner
From public records · entity-resolved
KOURY CORP
Entity
Free & Clear · 0 yrs held
Mailing address
2275 VANSTORY ST STE #200, GREENSBORO, NC 27403-3623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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