Entity Owned Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Construction
FRAME
Total area
147,084 SF
Lot
11.36 ac (494,842 SF)
Zoning code
BP
APN
84854
UPID
US53-5637232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Telecommunications Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.39M
Blend (final)
Blend
$11.78M
Owner & transaction history
since 2026
2 recorded transactions
Zoning & alternative use
BP · Mc Leansville, NC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$11.78M
Value range
$10.60M – $12.96M
±10% around blend
Estimated value / SF
$80 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$10.60M
blend $11.78M
$12.96M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
147,084 SF
Lot area
11.36 ac
Year built
1990
Stories
3
APN
84854
Zoning
BP
Assessed value
$10,755,000
Annual tax
$115,902
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$13.39M
Range $12.39M – $35.72M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.78M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 777 sales
$151
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $80/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.75M
Move the market yield to see immediate price impact.
Value / SF
$73
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$678k
$13.55M
$9.68M
$7.53M
$753k
$15.06M
$10.75M
$8.37M
$828k
$16.56M
$11.83M
$9.20M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$115,902
Tax year 2023
Assessed value
$10,755,000
Assessed 2023
Previous assessed
$19,484,100
-44.8% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,022,400
Assessed improvement
$9,732,600
Land market value
$1,022,400
Improvement market value
$9,732,600
Total market value
$10,755,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Bathrooms
6
Total area
147,084 SF
Lot
11.36 ac (494,842 SF)
Zoning code
BP
APN
84854
UPID
US53-5637232
Jurisdiction
GUILFORD
Zoning & alternative use
BP · Mc Leansville, NCZoning BP · permitted uses
BP · Mc Leansville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
6
Lot
11.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BP
Jurisdiction
Mc Leansville, NC
Recorded code
BP
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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