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Property profile & analytics
OFF-MARKET
Bed & breakfasts
442 Gorrell St Greensboro, NC 27406-1638
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5411562
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1890
Total area
4,504 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CD-C-M
APN
2685
UPID
US53-5411562
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
-
The Historic Magnolia House Restaurant
-
vineatmagnoliahouse Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Urban Magnolia Development LLC · 3 yrs held
Urban Magnolia Development LLC
since 2023
Last sale
$324,000
3 recorded transactions
Zoning & alternative use
CD-C-M · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Conditional districts are primarily intended to allow for the zoning and development of property, subject to both underlying district standards and additional conditions, to help development fit better with the site and surrounding properties and the commercial medium district is primarily intended to accommodate a wide range of retail, service,officeand mul…
Zone name
Conditional District Commercial Medium
General category
MIXED_USE
Zone area
1,144.41 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,883
Tax year 2023
Assessed value
$419,300
Assessed 2023
Previous assessed
$419,300
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$87,100
Assessed improvement
$332,200
Land market value
$87,100
Improvement market value
$332,200
Total market value
$419,300
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 Sale
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1890
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
4
Total area
4,504 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CD-C-M
APN
2685
UPID
US53-5411562
Jurisdiction
GUILFORD
Zoning & alternative use
CD-C-M · Greensboro, NCZoning CD-C-M · permitted uses
CD-C-M · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Conditional districts are primarily intended to allow for the zoning and development of property, subject to both underlying district standards and additional conditions, to help development fit better with the site and surrounding properties and the commercial medium district is primarily intended to accommodate a wide range of retail, service,officeand multi family residential uses in amixed useenvironment. The district is typically located along thoroughfares in areas which have developed with minimal front setbacks.
Zone name
Conditional District Commercial Medium
General category
MIXED_USE
Zone area
1,144.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1890
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
Urban Magnolia Development LLC
Entity
Mailing address
442 N GORRELL ST, GREENSBORO, NC 27406-1638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2023
$324,000
Urban Magnolia Development LLC
Samuel P Pass
Warranty Deed
$475,000 · Institute Capital INC
Jun 5, 2012
—
Samuel P Pass
Redevelopment Commission Of Green
Grant Deed
related
—
—
—
Samuel P Pass
—
Deed Of Trust
related
$333,000 · State Employees Cu
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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