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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5420 Millstream Rd Mc Leansville, NC 27301-9527

    • Office Properties & Spaces
    • 147,084 SF
    • 11.36 lot acres
    OFF-MARKET
    Value Estimations
    $11,780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-5637232
    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

    • Conduit Global / Telecommunications Service

    Property Details for 5420 Millstream Rd

    Year built
    1990
    Construction
    FRAME
    Lot size
    11.36 lot acres
    Property size
    147,084 SF
    Zone code
    BP
    Property type
    Office Properties & Spaces
    APN
    84854
    APU
    84854

    Description

    This exceptional 147,301 square foot, three-story Class B office building presents a unique investment opportunity. Located in Greensboro, North Carolina, on an 11.36-acre lot in a Business Park (BP) zoning district, this property boasts approximately 605 parking spaces (4.11 per 1,000 sq ft). Built in 1990, the building features approximately 49,100 square foot floorplates with open layouts and abundant natural light from expansive windows. Amenities include a cafeteria, loading dock, and a striking three-story atrium. The campus-like setting offers attractive outdoor spaces such as terraces and patios. Its prime location along the I-40/I-85 corridor provides excellent visibility and signage. The property is conveniently situated approximately 15 minutes from downtown Greensboro, one hour from Raleigh, and 1.5 hours from Charlotte. Currently at 5% occupancy, this multi-tenant building offers significant upside potential. The property's APN is 84854, and the lease type is Gross. This is a rare opportunity to acquire a substantial office building in a desirable location. The auction is scheduled for November 11-13, 2024. Please note that dates and times are subject to change.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,390,000
      Market price range: $12.4M - $35.7M
      AI Estimate
      $9,601,000
      Market price range: $7.72M - $24.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mc Leansville
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.6558
    Latitude
    36.0576
    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
    $115,902
    $1,022,400
    $9,732,600
    $10,755,000
    -
    $1,022,400
    $9,732,600
    $10,755,000

    Comparable in this City

    • Value Estimation by Request
      1,961 SF

      5615 Mcleansville Rd, Unit 2

      OFFICE (GENERAL) • 1,961 SF
      5615 Mcleansville Rd, Mc Leansville, NC 27301-9773
      View Details
    • Value Estimation by Request
      936 SF

      5601 Justice Trl

      OFFICE (GENERAL) • 936 SF
      5601 Justice Trl, Mc Leansville, NC 27301-9811
      View Details
    • Value Estimation
      $1,335,000
      12.05 Acres

      5410 Millstream Rd

      OFFICE (GENERAL) • 12.05 Acres
      5410 Millstream Rd, Mc Leansville, NC 27301-9697
      View Details
    • Value Estimation by Request
      31.98 Acres

      1221 Mt Hope Church Rd

      Land • 31.98 Acres
      1221 Mt Hope Church Rd, McLeansville, NC 27301
      View Details
    • Value Estimation
      $3,425,000
      51,032 SF

      828 Knox Rd, Unit A

      INDUSTRIAL (GENERAL) • 51,032 SF
      828 Knox Rd, Mc Leansville, NC 27301-9227
      View Details
    • Value Estimation
      $950,000
      47,360 SF

      3600 Hines Chapel Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 47,360 SF
      3600 Hines Chapel Rd, Mc Leansville, NC 27301-9740
      View Details

    Similar Nearby for Sale

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      21.16 Acres

      McLeansville Land with Highway Frontage

      21.16 acres with road frontage in fast-growing Greensboro area.
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      Prime development land near Publix. Residential & industrial potential.
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    • Contact for pricing
      31.98 Acres

      McLeansville Commercial Land - 31.98 Acres

      Prime Guilford County commercial land, ideal for development.
      1221 Mount Hope Church Rd, McLeansville, NC 27301
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    • $6,900,000

      Land Entitled for 475 Units

      Land annexed in Greensboro, suitable for single and multifamily units.
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    • $432,850
      7.87 Acres

      Land Parcel in Growing Area

      7.87 acres of land, ideal for building in McLeansville.
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    • $309,000

      Versatile Acreage with Renovation Potential

      16.72-acre wooded tract with road frontage and renovation opportunity.
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    Similar Nearby for Lease

    • Contact for pricing
      176,778 SF

      Prime McLeansville Office Space

      Class A Office, 176,778 SF Available
      5450 Millstream Rd, McLeansville, NC 27301
      View Details
    • Contact for pricing
      268,800 SF

      New Construction Distribution Facility

      268,800 SF distribution facility with I-85/I-40 visibility.
      749 Knox Rd, McLeansville, NC 27301
      View Details
    • Contact for pricing
      268,800 SF

      Birch Creek Warehouse: 268,800 SF

      Prime McLeansville warehouse, ready for occupancy.
      749 Knox Rd, McLeansville, NC 27301
      View Details
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    5420 Millstream Rd
    Mc Leansville, NC 27301-9527
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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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