3703 W Gate City Blvd Greensboro, NC 27407
Retail space
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Entity Owned
4-yr Hold
~
Est. High Equity
For Lease
1 / 4
Contact for pricing
3703 W Gate City Blvd, Greensboro, NC 27407
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Estimated value (blended)
$12.53M
Range $11.27M – $13.78M (±10%)
Implied cap rate
7.50%
In-place · NOI ÷ last sale
Property ID
US53-1534797
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
82,640 SF
Lot
11.81 ac (514,444 SF)
Zoning code
C
APN
49602
UPID
US53-1534797
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.48M
CAP Approach
CAP
$14.37M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.53M
Owner & transaction history
since 2022
Last sale
$9.8M
3 recorded transactions
Zoning & alternative use
C · Greensboro, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$12.53M
Value range
$11.27M – $13.78M
±10% around blend
Estimated value / SF
$152 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$11.27M
blend $12.53M
$13.78M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
82,640 SF
Lot area
11.81 ac
Year built
1969
Stories
1
APN
49602
Assessed value
$9,193,100
Annual tax
$136,432
3
Income approach: direct capitalization
Partial preview
Income approach indication
$14.37M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$15.57M
@ 6.5% CAP return
$14.37M
@ 7% CAP return
$13.35M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.53M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 48 sales
$230
-34%
County 120 sales
$196
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $152/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
7.50%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.50%
9.0%
NOI (est.)
$686k *
Last sale · Mar 2022
$9.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.15M
Move the market yield to see immediate price impact.
Value / SF
$111
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.00%7.50%8.00%
$617k
$8.82M
$8.23M
$7.72M
$686k
$9.80M
$9.15M
$8.58M
$755k
$10.78M
$10.06M
$9.43M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$136,432
Tax year 2023
Assessed value
$9,193,100
Assessed 2023
Previous assessed
$10,058,100
-8.6% YoY
Effective rate
1.48%
On assessed value
Assessed land
$4,628,400
Assessed improvement
$4,564,700
Land market value
$4,628,400
Improvement market value
$4,564,700
Total market value
$9,193,100
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1969
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Rooms
15
Bathrooms
14
Total area
82,640 SF
Lot
11.81 ac (514,444 SF)
Zoning code
C
APN
49602
UPID
US53-1534797
Jurisdiction
GUILFORD
Zoning & alternative use
C · Greensboro, NCZoning C · permitted uses
C · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Rooms
15
Bathrooms
14
Lot
11.81 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Greensboro, NC
Recorded code
C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Greensboro, NC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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