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

    5529 Market St, Unit 5559 Greensboro, NC 27409-2525

    • Retail space
    • 29,000 SF
    • 4.60 lot acres
    OFF-MARKET
    Last Sale
    May 31, 2024
    $6,150,000
    Value Estimations
    $6,150,000
    Show details
    Cap Rate Potential
    5.3%
    Retail space
    Location Intelligence
    Property ID
    US53-2037023
    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

    • Injury Attorney Garrison and Mendoza / Law Firm
    • Sawmill II / Bar & Pub

    Property Details for 5529 Market St

    Year built
    1986
    Lot size
    4.60 lot acres
    Property size
    29,000 SF
    Zone code
    C-M
    Property type
    Retail space
    APN
    42653
    APU
    42653

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,150,000
      ML approach
      $6,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,465,000
      6.5%
      $5,045,000
      7%
      $4,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,731,000
      Market price range: $3.23M - $11.5M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,680,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8924
    Latitude
    36.0758
    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
    $79,892
    $2,204,100
    $3,061,700
    $5,265,800
    -
    $2,204,100
    $3,061,700
    $5,265,800

    Comparable in this City

    • Value Estimation
      $850,000
      7,000 SF

      604 Hickory Rdg Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      604 Hickory Rdg Dr, Greensboro, NC 27409-9540
      View Details
    • Value Estimation
      $3,655,000
      7,564 SF

      5412 Market St

      RETAIL STORES (PERSONAL SERVICES) • 7,564 SF
      5412 Market St, Greensboro, NC 27409-2507
      View Details
    • Value Estimation by Request
      2,904 SF

      514 Gallimore Dairy Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,904 SF
      514 Gallimore Dairy Rd, Greensboro, NC 27409-9727
      View Details
    • Value Estimation
      $540,000
      1,320 SF

      5338 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      5338 Market St, Greensboro, NC 27409-2618
      View Details
    • Value Estimation by Request
      2,720 SF

      5668 Market St

      RETAIL STORES (PERSONAL SERVICES) • 2,720 SF
      5668 Market St, Greensboro, NC 27409-2404
      View Details
    • Value Estimation by Request
      1,140 SF

      5321 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1,140 SF
      5321 Market St, Greensboro, NC 27409-2628
      View Details

    Similar Nearby for Sale

    • $36,750,500
      42,240 SF

      Greensboro Topgolf Net Lease Investment

      New 42,240 SF Topgolf venue on 10.40 acres.
      609 Guilford College Rd, Greensboro, NC 27409
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Building on South Edwardia

      Small industrial building near West Market Street and Interstate 40.
      127 S Edwardia Dr, Greensboro, NC 27409
      View Details
    • $1,000,000

      Vacant Land Near PTI Airport

      10.97 acres of vacant land with easy highway access.
      649 S Regional Rd, Greensboro, NC 27409
      View Details
    • $179,900

      Well-Maintained Condo in Timberbrooke

      Move-in ready, 2-bedroom condo with modern amenities and convenient location.
      4290 Cedarcroft Ct #3, Greensboro, NC 27409
      View Details
    • $325,000
      3.61 Acres

      Greensboro Light Industrial Land

      3.61 acres of light industrial land in Greensboro, NC.
      217 Aloe Rd, Greensboro, NC 27409
      View Details
    • Contact for pricing

      Guilford College Road Property

      Property on Guilford College Rd, Greensboro, NC 27409 for sale.
      509-613 Guilford College Rd, Greensboro, NC 27409
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,500 SF

      Retail Space on NC Hwy 68

      Retail space available near intersection of Gallimore Dairy Rd and NC Hwy 68.
      343 Nc Highway 68, Greensboro, NC 27409
      View Details
    • $12 SF/Yr
      11,000 SF

      Greensboro Warehouse Space Available

      Flexible Warehouse Units in Prime Location
      1 Wendy Ct, Greensboro, NC 27409
      View Details
    • Contact for pricing

      Retail Space in Greensboro, NC

      Retail space available in Greensboro's primary retail corridor.
      Greensboro, NC 27409
      View Details
    • Contact for pricing
      1 SF

      Greensboro Retail Center - I-40 Access

      High-traffic retail space, two suites available.
      509-613 Guilford College Rd, Greensboro, NC 27409
      View Details
    • Contact for pricing
      64,000 SF

      Airpark East Business Park Spaces

      Versatile Industrial Space Available
      412 Gallimore Dairy Rd, Greensboro, NC 27409
      View Details
    • Contact for pricing
      126,000 SF

      Greensboro Warehouse Near Airport

      126,000 SF warehouse near Piedmont Triad International Airport.
      415 Gallimore Dairy Rd, Greensboro, NC 27409
      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.
    5529 Market St, Unit 5559
    Greensboro, NC 27409-2525
    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.