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Property profile & analytics
FOR LEASE
Retail space
4634 Hicone Rd, Greensboro, NC 27405
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1650062
For Lease
1 / 3
$8,680,000
4634 Hicone Rd, Greensboro, NC 27405
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Property summary
AI-generated overview
This thriving Greensboro, NC retail center, located at 4634 Hicone Rd, 27405, offers multiple retail spaces for lease, ranging from approximately 1,400 to 6,400 square feet. The center boasts a strong tenant base, anchored by a Food Lion and a CVS, both consistently ranked among the top performers in North Carolina within their respective chains. Food Lion, a 32-year tenant, holds a remarkable 4th place ranking out of 480 stores statewide, while CVS, a 22-year tenant, ranks 26th out of 299. This demonstrates exceptional tenant longevity and performance
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
58,977 SF
Lot
9.08 ac (395,525 SF)
Zoning code
CU-SC
APN
83333
UPID
US53-1650062
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
-
Country Kitchen Restaurant
-
Food Lion Grocery & Convenience Store Food Market
-
Triad Goodwill Store & Donation Center Charitable Organization Social Service Agency
-
Western Union Bank Credit Union
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
$10.26M
Comparable Approach
Comparable
$9.33M
Blend (final)
Blend
$8.68M
Owner & transaction history
C F Smith Hicone LLC · 1 yrs held
C F Smith Hicone LLC
since 2024
Last sale
$7.2M
3 recorded transactions
Zoning & alternative use
CU-SC · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$9,155,000
ML approach
$9,030,000
CAP Approach
CAP Return
Estimation
6%
$11,110,000
6.5%
$10,255,000
7%
$9,520,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,590,000
Current use
Blend value · Realmo final
$8.68M
Range $7.81M – $9.55M · ±10% · vs last sale $7.16M (Sep 27 2022)
Last sale anchor
$7.16M
Sep 27 2022
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
$147 / 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
$108,695
Tax year 2023
Assessed value
$7,747,300
Assessed 2023
Previous assessed
$7,747,300
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,768,700
Assessed improvement
$4,978,600
Land market value
$2,768,700
Improvement market value
$4,978,600
Total market value
$7,747,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1988
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Bathrooms
2
Total area
58,977 SF
Lot
9.08 ac (395,525 SF)
Zoning code
CU-SC
APN
83333
UPID
US53-1650062
Jurisdiction
GUILFORD
Zoning & alternative use
CU-SC · Greensboro, NC
Zoning CU-SC · permitted uses
CU-SC · 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
RETAIL STORES Current
Est. value
$13.6M
RETAIL STORES Current
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
1988
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Bathrooms
2
Lot
9.08 ac
Current owner
From public records · entity-resolved
C F Smith Hicone LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2798 WAVERLY RD, PAWLEYS ISLAND, SC 29585-5810
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
$13,275,000
C F Smith Hicone LLC
Hicone Investments LLC
Special Warranty Deed
—
Sep 27, 2022
$12,350,000
Hicone Investments LLC
Boiv Greensboro LLC
Special Warranty Deed
—
Apr 3, 2018
—
Boiv Greensboro LLC
—
Grant Deed
related
$12,550,000 · Miscellaneous Ins Co
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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