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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Retail space
4636 Hicone Rd, Greensboro, NC 27405-9434
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0907434
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
9,920 SF
Lot
0.81 ac (35,284 SF)
Zoning code
CU-SC
APN
83335
UPID
US53-0907434
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
-
Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$1.73M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.77M
Owner & transaction history
Lemon Creek Holdings LLC · 4 yrs held
Lemon Creek Holdings LLC
since 2022
Last sale
$1.6M
5 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
$2,000,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
$1,870,000
6.5%
$1,725,000
7%
$1,600,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,285,000
Current use
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.57M (Jun 10 2022)
Last sale anchor
$1.57M
Jun 10 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
$178 / 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
$19,027
Tax year 2023
Assessed value
$1,529,600
Assessed 2023
Previous assessed
$1,529,600
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$247,000
Assessed improvement
$1,282,600
Land market value
$247,000
Improvement market value
$1,282,600
Total market value
$1,529,600
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
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
2
Total area
9,920 SF
Lot
0.81 ac (35,284 SF)
Zoning code
CU-SC
APN
83335
UPID
US53-0907434
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
$2.3M
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
2009
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
Lemon Creek Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8816 6TH FRKS RD STE #201, RALEIGH, NC 27615-2983
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2022
$1,565,000
Lemon Creek Holdings LLC
Janet Perry
Special Warranty Deed
—
Aug 28, 2012
$1,145,000
Perry Janet 1998 Trust
Sar Asset Management INC
Grant Deed
$687,000 · Bank Of Hemet
Jun 6, 2012
$1,145,000
S A R Asset Management INC
Hicone Investments LLC
Grant Deed
related
$1,050,000 · Krechmer/baskin Trust (rt)
Mar 28, 2005
—
Hicone Investments LLC
Hicone Properties LLC
Quit Claim Deed
related
—
—
—
Hicone Investments LLC
—
Deed Of Trust
related
$150,000 · Branch Banking & Trust 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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