Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4634 Hicone Rd Greensboro, NC 27405

    • Retail space
    • 58,977 SF
    • 9.08 lot acres
    For Lease
    View listing
    Last Sale
    Sep 27, 2022
    $7,163,000
    Value Estimations
    $9,395,000
    Cap Rate Potential
    7.3%
    Retail space
    Location Intelligence
    Property ID
    US53-1650062
    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.

    Current Use by Public Records

    • Country Kitchen / Breakfast Restaurant / Restaurant
    • Food Lion / Grocery Store
    • Triad Goodwill Store & Donation Center / Non-Profit Organization / Thrift Store
    • Western Union / Money Transfer Service
    • ATM / Atm

    Property Details for 4634 Hicone Rd

    Year built
    1988
    Lot size
    9.08 lot acres
    Property size
    58,977 SF
    Zone code
    CU-SC
    Property type
    Retail space
    APN
    83333
    APU
    83333

    Description

    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

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,327,000
      Market price range: $6.57M - $23.4M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,590,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7116
    Latitude
    36.1511
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $108,695
    $2,768,700
    $4,978,600
    $7,747,300
    -
    $2,768,700
    $4,978,600
    $7,747,300

    Comparable in this City

    • Value Estimation
      $800,000
      14,795 SF

      3529 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 14,795 SF
      3529 Elm St, Greensboro, NC 27405-3108
      View Details
    • Value Estimation
      $415,000
      2,400 SF

      2005 Wendover Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      2005 Wendover Ave, Greensboro, NC 27405-6843
      View Details
    • Value Estimation
      $325,000
      5,952 SF

      1700 Bessemer Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,952 SF
      1700 Bessemer Ave, Greensboro, NC 27405-7264
      View Details
    • Value Estimation
      $430,000
      7,000 SF

      3500 Smt Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      3500 Smt Ave, Greensboro, NC 27405-3556
      View Details
    • Value Estimation
      $305,000
      4,800 SF

      3806 Church St

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      3806 Church St, Greensboro, NC 27405-2772
      View Details
    • Value Estimation
      $365,000
      3,458 SF

      3845 Burlington Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,458 SF
      3845 Burlington Rd, Greensboro, NC 27405-8645
      View Details

    Similar Nearby for Sale

    • $159,000

      Commercial Property on Bessemer Avenue

      Versatile commercial property with great visibility and easy access.
      3200 E Bessemer Ave, Greensboro, NC 27405
      View Details
    • Contact for pricing
      3,279 SF

      Retail Property on 0.82 Acres

      Retail property featuring 3,279 square feet on 0.82 acres.
      2107 N Church St, Greensboro, NC 27405
      View Details
    • $600,000
      2,577 SF

      Auto Shop, Office, Parking Package

      Four-parcel package with auto shop, office, and parking areas.
      2403-2411 E Bessemer Ave, Greensboro, NC 27405
      View Details
    • $99,000

      Greensboro Retail Investment Opportunity

      Commercial building with three units, ideal for renovation.
      610 Elwell Ave, Greensboro, NC 27405
      View Details
    • $750,000
      3 SF

      Greensboro Land Parcel For Sale

      3.76-acre parcel in northeast Greensboro near US 29 Hwy.
      4201 Pineneedle Dr, Greensboro, NC 27405
      View Details
    • $215,000

      Greensboro Land with Development Potential

      2.5-acre lot in NE Greensboro with multi-family potential.
      4809 Presnell Way, Greensboro, NC 27405
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      10,448 SF

      Retail Space on E Cone

      Retail space available for sublease through January 31, 2026.
      1421-1473 E Cone Blvd, Greensboro, NC 27405
      View Details
    • Contact for pricing
      1,500 SF

      Redevelopment Opportunity on 14 Acres

      Prime redevelopment opportunity for retail, service, or professional uses.
      2710-2714 N Church St, Greensboro, NC 27405
      View Details
    • Contact for pricing
      78,144 SF

      Executive Square: Greensboro Retail/Office

      Greensboro, NC: 14 spaces, prime location.
      2714 Church St, Greensboro, NC 27405
      View Details
    • Contact for pricing
      82,784 SF

      Greensboro Retail Space: Printworks Mill

      Historic Mill, 9,000 SF Available
      1702 Fairview St, Greensboro, NC 27405
      View Details
    • Contact for pricing
      2,800 SF

      Summit Ave Office Space For Sale

      Prime Office/Retail Space, High Visibility
      1201 Summit Ave, Greensboro, NC 27405
      View Details
    • Contact for pricing
      4,557 SF

      Greensboro Restaurant Space Available

      ±4,557 SF Freestanding Restaurant
      2036 Rankin Mill Rd, Greensboro, NC 27405
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4634 Hicone Rd
    Greensboro, NC 27405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.