Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3701 Groometown Rd Greensboro, NC 27407-7403

    • Commercial real estate
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Nov 04, 2022
    $949,500
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1628410
    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

    • Sedgefield Showgrounds / Fairground

    Property Details for 3701 Groometown Rd

    Lot size
    0.93 lot acres
    Zone code
    C-L
    Property type
    Commercial real estate
    APN
    140446
    APU
    140446

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,065,000
      ML approach
      $1,075,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8651
    Latitude
    36.0151
    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
    $7,117
    $461,800
    $45,500
    $507,300
    -
    $461,800
    $45,500
    $507,300

    Comparable in this City

    • Value Estimation by Request
      2.66 Acres

      1706 40th Dr

      COMMERCIAL (GENERAL) • 2.66 Acres
      1706 40th Dr, Greensboro, NC 27407-2652
      View Details
    • Value Estimation by Request
      0.21 Acres

      805 Watkins St

      COMMERCIAL (GENERAL) • 0.21 Acres
      805 Watkins St, Greensboro, NC 27407
      View Details
    • Value Estimation by Request
      0.07 Acres

      2510 Florida St

      COMMERCIAL (GENERAL) • 0.07 Acres
      2510 Florida St, Greensboro, NC 27407-3618
      View Details
    • Value Estimation by Request
      1.54 Acres

      3314 Isler Ct

      COMMERCIAL (GENERAL) • 1.54 Acres
      3314 Isler Ct, Greensboro, NC 27407-4660
      View Details
    • Value Estimation by Request
      0.31 Acres

      4823 Gate City Blvd

      COMMERCIAL (GENERAL) • 0.31 Acres
      4823 Gate City Blvd, Greensboro, NC 27407-5305
      View Details
    • Value Estimation by Request
      0.10 Acres

      4722 Gate City Blvd

      COMMERCIAL (GENERAL) • 0.10 Acres
      4722 Gate City Blvd, Greensboro, NC 27407-5304
      View Details

    Similar Nearby for Sale

    • $750,000
      2.40 Acres

      Greensboro Commercial Land - $750K

      Prime 2.4-acre commercial lot, ideal for development.
      4640 Market St, Greensboro, NC 27407
      View Details
    • $2,300,000
      73,604 SF

      Retail Spaces Behind Fanta City

      Retail spaces available behind Fanta City Condominiums.
      4927 W Market St, Greensboro, NC 27407
      View Details
    • Contact for pricing
      1.43 Acres

      Greensboro Residential Land - 1.43 Acres

      Vacant lot, R3 zoning, great potential.
      12Yy Bellows Ct, Greensboro, NC 27407
      View Details
    • Contact for pricing
      3,635 SF

      Greensboro Retail Space - Mackay Rd

      Prime Retail Space, High Traffic Area, 3635 SF
      5013 Mackay Rd, Greensboro, NC 27407
      View Details
    • $1,700,000

      Greensboro Retail Investment Opportunity

      Prime Retail Building & Parking Lots
      802-808 Merritt Dr, Greensboro, NC 27407
      View Details
    • $800,000
      Pending

      Adams Farm Swim and Tennis

      Swim and tennis club with retail space in Greensboro.
      1903 Adams Farm Rd, Greensboro, NC 27407
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,200 SF

      Former Bank Branch with Drive-Thru

      Office space with drive-thru, suitable for financial institutions.
      5605 Hilltop Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      One Acre Cleared Land Lease

      One acre cleared land for lease, heavy industrial zoning.
      3921 Spring Garden St, Greensboro, NC 27407
      View Details
    • Contact for pricing
      140,000 SF

      Former Macy's Prime Retail Space

      Flexible leasing opportunity in a high-traffic retail corridor.
      5410 Hornaday Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Grandover Commons Office Location

      Office location in premier master-planned community near Grandover Resort.
      4403 Grandover Pkwy, Guilford, NC 27407
      View Details
    • Contact for pricing
      2,284 SF

      High-Traffic Retail Property Available

      Freestanding retail property with drive-thru lanes on 0.83 acres.
      4636 West Market St, Greensboro, NC 27407
      View Details
    • Contact for pricing
      31,988 SF

      Class A Office in Greensboro

      Premier office building in Grandover Corporate Park available for lease.
      4510 Weybridge Ln, Greensboro, NC 27407
      View Details
    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.
    3701 Groometown Rd
    Greensboro, NC 27407-7403
    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.