Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3618 Groometown Rd Greensboro, NC 27407
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3618 Groometown Rd Greensboro, NC 27407

    View on Map
    • Commercial real estate
    • 3,892 SF
    • 0.65 lot acres
    For Sale
    $950,000
    View Listing →
    Corner Lot Land Parcels For Sale
    $950,000
    3.00 Acres

    Corner Lot Land Parcels

    Four land parcels on a highly visible corner lot.

    3618 Groometown Rd, Greensboro, NC
    View Listing
    Property ID
    US53-0847521
    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 real estate

    Property Details for 3618 Groometown Rd

    Year built
    1948
    Lot size
    0.65 lot acres
    Property size
    3,892 SF
    Zone code
    C-L
    Property type
    Commercial real estate
    APN
    82676
    APU
    82676

    Description

    This exceptional three-acre commercial land parcel, located at 3618 Groometown Rd in Greensboro, North Carolina, presents a unique investment opportunity. Zoned C-L, this property offers significant potential for a variety of commercial developments. The asking price is $950,000, translating to $316,667 per acre. Situated on a highly visible corner lot, the property boasts excellent accessibility and exposure. Utilities are readily available, simplifying the development process. The property consists of four parcels sold together, providing a cohesive and sizable development footprint. The address is within the 27407 zip code in Guilford County, North Carolina. Its precise coordinates are latitude 36.015817 and longitude -79.866056. This prime location and substantial acreage make this an attractive proposition for developers seeking a strategic foothold in a thriving Greensboro market. The C-L zoning allows for a range of commercial uses, providing flexibility for future development plans. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.

    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
    -79.8661
    Latitude
    36.0158
    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
    $3,777
    $269,200
    $0.00
    $269,200
    -
    $269,200
    $0.00
    $269,200

    Comparable in this City

    • Value Estimation by Request
      175,000 SF

      3747 Farmington Dr

      Restaurants • 175,000 SF
      3747 Farmington Dr, Greensboro, NC 27407
      View Details
    • Value Estimation by Request
      0.19 Acres

      3206 Gate City Blvd

      COMMERCIAL (GENERAL) • 0.19 Acres
      3206 Gate City Blvd, Greensboro, NC 27407
      View Details
    • Value Estimation by Request
      9.30 Acres

      4900 Gate City Blvd

      COMMERCIAL (GENERAL) • 9.30 Acres
      4900 Gate City Blvd, Greensboro, NC 27407
      View Details
    • Value Estimation
      $565,000
      150.47 Acres

      6115 Jamestown Pkwy

      COMMERCIAL (GENERAL) • 150.47 Acres
      6115 Jamestown Pkwy, Greensboro, NC 27407-7010
      View Details
    • Value Estimation by Request
      0.18 Acres

      2230 Patterson St

      COMMERCIAL (GENERAL) • 0.18 Acres
      2230 Patterson St, Greensboro, NC 27407-2534
      View Details
    • Value Estimation by Request
      6.64 Acres

      5835 Gate City Blvd

      COMMERCIAL (GENERAL) • 6.64 Acres
      5835 Gate City Blvd, Greensboro, NC 27407-7004
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,077 SF

      Retail Condominium Investment Opportunity

      Leased retail condominium with strong visibility and income potential.
      4925 W Market St, Greensboro, NC 27407
      View Details
    • $850,000
      78,000 SF

      Retail Spaces Behind Fanta City

      Retail spaces available behind Fanta City Condominiums.
      4927 W Market St, Greensboro, NC 27407
      View Details
    • $75,000

      High-Traffic Commercial Space Available

      Commercial space in a high-traffic location with excellent visibility.
      4929 W Market St, Greensboro, NC 27407
      View Details
    • Contact for pricing
      4,708 SF

      Retail/Office Space Available

      4,708 SqFt retail or office space for sale.
      3922 W Market St, Greensboro, NC 27407
      View Details
    • $324,900

      Commercial Land on Gate City Boulevard

      Commercial land available on Gate City Blvd in Greensboro, NC.
      4601 W Gate City Blvd, Greensboro, NC 27407
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Gate City

      Retail space available on Gate City Blvd and Holden Rd.
      3703 W Gate City Blvd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces available in Greensboro shopping center.
      3703-3723 West Gate City Blvd, Greensboro, NC 27407
      View Details
    • Contact for pricing
      2,586 SF

      Greensboro Flex / Industrial Space

      2,500 SF flex/industrial space available for lease.
      1904 Fairfax Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Grandover Commons Office Location

      Shovel-ready sites in premier master-planned community near Grandover Resort.
      3600 Bismark Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing
      4,272 SF

      Greensboro Light Industrial Flex Space

      Well-maintained light industrial space near I-40 and outer-loop.
      3716 Alliance Dr, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Greensboro Industrial Flex Spaces Available

      Industrial and flex spaces available for rent in Greensboro.
      3714 Alliance Dr, Greensboro, NC 27407
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3618 Groometown Rd
    Greensboro, NC 27407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!