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    452 S Old Greensboro Rd Thomasville, NC 27360
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    452 S Old Greensboro Rd Thomasville, NC 27360

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    • Commercial land
    For Sale
    $299,900
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    Commercial Site with Development Potential For Sale
    $299,900
    17.09 Acres

    Commercial Site with Development Potential

    17.09 +/- acres with road frontage and development possibilities.

    452 S Old Greensboro Rd, Thomasville, NC 27360
    View Listing
    Property ID
    US53-1611867
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 452 S Old Greensboro Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Come check out this commercial site. A total of 4 parcels measuring roughly 17.09 +/- Acres. with road frontage along Old Hwy 29, S. Old Greensboro Rd. and Business 85. Current zoning includes HC and OI. Lots of possibilities for development!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.188801
    Latitude
    35.855197

    Comparable in this City

    • $500,000

      Land Parcels in Thomasville, NC

      Two parcels of land available for commercial development.
      1400 Liberty Dr, Thomasville, NC 27360
      View Details
    • $850,000

      Commercial Corner Development Site

      4.23-acre C-2 zoned site near I-85.
      6623 Unity St, Thomasville, NC 27360
      View Details
    • Contact for pricing

      Thomasville Commercial Lots For Sale

      Corner lots in high-traffic area, ideal for restaurant development.
      1739 1727 Liberty Dr Cor Liberty Dr./Kennedy Rd, Thomasville, NC 27360
      View Details
    • $850,000

      Commercial Corner Development Site

      4.23-acre commercial development site near I-85.
      6623 Unity St, Thomasville, NC 27360
      View Details
    • Contact for pricing

      Commercial Land Near Walmart Center

      4.81 acres suitable for retail, office, flex, or restaurant.
      233 Kennedy Rd, Thomasville, NC 27360
      View Details
    • Contact for pricing

      Commercial Lot Near College Campus

      2.26-acre vacant, wooded commercial lot near Davidson Davie College.
      503 Old Greensboro Rd, Thomasville, NC 27360
      View Details

    Similar Nearby for Sale

    • $35,000

      Thomasville Land For Small Business

      Commercial land in central Thomasville, suitable for various business uses.
      106 Carolina Ave, Thomasville, NC 27360
      View Details
    • $365,000

      Commercial Lot For Sale

      1.15-acre commercial lot with high visibility and easy access.
      1570 National Hwy, Thomasville, NC 27360
      View Details
    • Contact for pricing

      Commercial Land Parcel For Sale

      1.83 acre commercial parcel with retail development opportunity.
      274 Kennedy Rd, Thomasville, NC 27360
      View Details
    • $45,900
      1.88 Acres

      Thomasville, NC Land Available

      1.88 acres in town, convenient to amenities and services.
      811 Douglas Dr, Thomasville, NC 27360
      View Details
    • $1,125,000
      46.81 Acres

      Thomasville Acreage with Development Potential

      46.81 acres near I-85, suitable for residential or commercial development.
      2619 S Nc Highway 109, Thomasville, NC 27360
      View Details
    • $133,900

      Thomasville Land For Sale

      5 +/- acres of land in Thomasville, NC.
      253 N Urban St, Thomasville, NC 27360
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Corner Lot for Rent

      Corner lot with high traffic and utilities available for rent.
      7402 Old Greensboro Rd, Thomasville, NC 27360
      View Details
    • $8 SF/Yr
      1,806 SF

      Former IGA Space Available

      Former IGA in shopping center with ample parking.
      1404 National Hwy, Thomasville, NC 27360
      View Details
    • Contact for pricing
      40,000 SF

      Thomasville Industrial Warehouse For Lease

      40,000 SF industrial warehouse with easy access to major highways.
      3286 Denton Rd, Thomasville, NC 27360
      View Details
    • $3,500 /Mo
      3,396 SF

      Retail Space with Secure Fencing

      Fenced retail space near Bus 85 with high visibility.
      1530 National Hwy, Thomasville, NC 27360
      View Details
    • $16 SF/Yr
      3,700 SF

      Medical Office Space Available

      Well-maintained medical office space in high-traffic location.
      1630 Liberty Dr, Thomasville, NC 27360
      View Details
    • Contact for pricing
      80,000 SF

      Thomasville Warehouse Space for Lease

      Warehouse, manufacturing, and office space available for lease.
      110 W Guilford St, Thomasville, NC 27360
      View Details
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    452 S Old Greensboro Rd
    Thomasville, NC 27360
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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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    452 S Old Greensboro Rd, Thomasville, NC, 27360
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