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Property profile & analytics
OFF-MARKET
Estimated value
$22,140,000
Assisted living facilities
3724 Wireless Dr Greensboro, NC 27455-3312
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1555581
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2003
Construction
FRAME
Total area
88,786 SF
Lot
6.97 ac (303,613 SF)
Zoning code
CD-O
APN
86786
UPID
US53-1555581
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
-
Dennis P. Pomeroy, OTR Physician
-
Blumenthal Nursing & Rehabilitation Community Center
-
Blumenthal Health and Rehabilitation Center Nursing Home
-
Warren Rachel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.14M
Owner & transaction history
3724 Wireless Drive LLC · 2 yrs held
3724 Wireless Drive LLC
since 2024
Last sale
$22.1M
2 recorded transactions
Zoning & alternative use
CD-O · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.6M
+323.0%
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
$22,140,000
ML approach
$22,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,615,000
Change: +323% · Conversion: Difficult
Blend value · Realmo final
$22.14M
Range $19.93M – $24.35M · ±10% · vs last sale $22.14M (Jun 5 2024)
Last sale anchor
$22.14M
Jun 5 2024
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
$249 / 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
$166,704
Tax year 2023
Assessed value
$11,882,000
Assessed 2023
Previous assessed
$11,882,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$759,000
Assessed improvement
$11,123,000
Land market value
$759,000
Improvement market value
$11,123,000
Total market value
$11,882,000
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 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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Units
174
Bathrooms
160
Total area
88,786 SF
Lot
6.97 ac (303,613 SF)
Zoning code
CD-O
APN
86786
UPID
US53-1555581
Jurisdiction
GUILFORD
Zoning & alternative use
CD-O · Greensboro, NC
Zoning CD-O · permitted uses
CD-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
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.6M
APARTMENT HOUSE (5+ UNITS)
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Units
174
Bathrooms
160
Lot
6.97 ac
Current owner
From public records · entity-resolved
3724 Wireless Drive LLC
Entity
Mailing address
3724 WIRELESS DR, GREENSBORO, NC 27455-3312
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
$22,138,500
3724 Wireless Drive LLC
Universal Properties Greensboro LLC
Special Warranty Deed
$174,000,000 · Ctr Partnership LP
—
—
Universal Properties Of Greensbor
—
Deed Of Trust
related
$100,000,000 · Branch Bk&tr
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.
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