Property profile

611 Martin Luther King Jr Dr Greensboro, NC 27406

OFF-MARKET
Commercial real estate
Property ID
US53-1916705
1,120 SF 0.59 ac lot Built 1972
Entity Owned 11-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1972
Construction FRAME
Total area 1,120 SF
Lot 0.59 ac (25,700 SF)
Zoning code C-L
APN 2867
UPID US53-1916705

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
  • Restaurant

Location

611 Martin Luther King Jr Dr Greensboro, NC 27406-1625
Greensboro metro Census 11202 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2014
$735,000
1969
Price N/A

Zoning & alternative use

C-L · Greensboro, NC
Zoning description

The C-L, Commercial Low district is primarily intended to accommodate low intensity shopping and services close to residential areas. The district is established to provide locations for businesses which serve nearby nei…

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 611 Martin Luther King Jr Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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