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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Commercial real estate
5505 Friendly Ave Greensboro, NC 27410-4211
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0790644
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Construction
FRAME
Total area
5,288 SF
Lot
0.64 ac (27,878 SF)
Zoning code
O
APN
42361
UPID
US53-0790644
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
-
After Hours Veterinary Emergency Clinic, PA Veterinary Clinic
-
Guilford College Animal Hospital Veterinary Clinic
-
Birthplace of Dolly Madison Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$750k
Owner & transaction history
Streck Properties LLC · 15 yrs held
Streck Properties LLC
since 2011
2 recorded transactions
Zoning & alternative use
O · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The O, Office district is primarily intended to accommodate office, institutional, supporting service and other uses.
Zone name
Office
General category
CIVIC_INSTITUTIONAL
Zone area
1,232.17 ac
Source
Realmo
Top alternative use upside
Retail stores
$1.2M
+36.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$935,000
7%
$865,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$895,000
Current use
RETAIL STORES
$1,220,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
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
$142 / 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
$16,268
Tax year 2023
Assessed value
$1,159,500
Assessed 2023
Previous assessed
$1,159,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$181,900
Assessed improvement
$977,600
Land market value
$181,900
Improvement market value
$977,600
Total market value
$1,159,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
5,288 SF
Lot
0.64 ac (27,878 SF)
Zoning code
O
APN
42361
UPID
US53-0790644
Jurisdiction
GUILFORD
Zoning & alternative use
O · Greensboro, NCZoning O · permitted uses
O · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The O, Office district is primarily intended to accommodate office, institutional, supporting service and other uses.
Zone name
Office
General category
CIVIC_INSTITUTIONAL
Zone area
1,232.17 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$895,000
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1996
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.64 ac
Current owner
From public records · entity-resolved
Streck Properties LLC
Entity
Mailing address
8518 ROSEDALE DR, OAK RIDGE, NC 27310-8712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2011
$830,000
Streck Properties LLC
After Hours Veterinary Emergen
Warranty Deed
$786,000 · Compass Bank
—
—
After Hours Veterinary Emergen
—
Deed Of Trust
related
$900,000 · Rbc Centura Bk
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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