Property profile

609 Industrial Ave Greensboro, NC 27406

OFF-MARKET
Industrial properties
Property ID
US53-0087504
9,800 SF 0.84 ac lot Built 1975
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1975
Construction FRAME
Total area 9,800 SF
Lot 0.84 ac (36,590 SF)
Zoning code LI
APN 53708
UPID US53-0087504

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

609 Industrial Ave Greensboro, NC 27406-4603
Greensboro metro Census 12805 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
$715k
Comparable Approach Comparable
$624k
Blend (final) Blend
$435k

Owner & transaction history

since 2016
4 recorded transactions
2017
Price N/A
2016
$200,000
2016
Price N/A
2005
$265,000

Zoning & alternative use

LI · Greensboro, NC
Zoning description

The LI, Light Industrial district is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial/service activities which in their normal operations…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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