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

    3621 Belmont St Greensboro, NC 27406

    • Commercial real estate
    • 7.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2170922
    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 3621 Belmont St

    Lot size
    7.52 lot acres
    Property type
    Commercial real estate
    APN
    7852-78-2193

    Description

    This exceptional 7.52-acre parcel presents a remarkable opportunity for multifamily development in Greensboro, North Carolina. Located at 3621 Belmont St, in Guilford County, zip code 27406, this commercially zoned land (RM-18) is priced at $951,000, or $139,761 per acre. The property boasts a relatively flat and mostly cleared terrain, simplifying development plans. Essential utilities are conveniently located at the street, minimizing infrastructure costs. The property's APN is 7852-78-2193. This prime location offers significant potential for investors seeking to capitalize on the growing demand for multifamily housing in the Greensboro area. The RM-18 zoning designation allows for a variety of multifamily development options, making this a highly versatile and attractive investment. Given its size, zoning, and location, this property is poised for substantial returns. Serious inquiries are encouraged to explore the full potential of this exceptional development opportunity. The property's coordinates are 36.0218498 latitude and -79.8212481 longitude.

    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
    -79.8212481
    Latitude
    36.0218498

    Comparable in this City

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      Cleared Lot in Residential Setting

      Almost half-acre cleared lot ready for development in Greensboro, NC.
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    • $65,000

      Land in Greensboro, NC

      Land for sale; no appointment needed to see property.
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    • $2,240,000

      32.93 Acres Development Land I-85

      32.93-acre land assemblage with development potential near I-85.
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    Similar Nearby for Sale

    • $75,000

      Cleared Lot in Residential Setting

      Almost half-acre cleared lot ready for development in Greensboro, NC.
      4304 Farlow Dr, Greensboro, NC 27406
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    • $65,000

      Land in Greensboro, NC

      Land for sale; no appointment needed to see property.
      2302 Rothwood Acres Rd, Greensboro, NC 27406
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    • $2,240,000

      32.93 Acres Development Land I-85

      32.93-acre land assemblage with development potential near I-85.
      2921 Causey Lake Rd, Greensboro, NC 27406
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      Commercial Land for Rezoning

      18.79 AC of land suitable for commercial mixed use.
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    • $170,000

      Commercial Land For Sale

      Commercial land available for business purposes.
      3527 Rehobeth Church Rd, Greensboro, NC 27406
      View Details
    • $2,999,000

      23.96 Acres Development Opportunity

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      231 Ritters Lake Rd, Greensboro, NC 27406
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    Similar Nearby for Lease

    • $16 SF/Yr

      Greensboro Commercial Land Opportunity

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      Greensboro Industrial Land for Lease

      ±4 Acres Fenced Outdoor Storage, Great Location
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      Land for Retail or Industrial

      Development opportunity for retail or industrial uses in Greensboro.
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      Commercial Land in Greensboro, NC

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    • $6 SF/Yr
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      Industrial Space Near I-85/I-40

      Industrial space available for lease near major interstates.
      132-144 Industrial Ave, Greensboro, NC 27406
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    Request Owner's contact information
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    3621 Belmont St
    Greensboro, NC 27406
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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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