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Property profile & analytics
OFF-MARKET
Estimated value
$6,705,000
Commercial real estate
704 Sunshine Way Greensboro, NC 27409-8700
Entity Owned
10-yr Hold
Free & Clear
Property ID
US53-1739993
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2016
Total area
72,900 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CU-HB
APN
98266
UPID
US53-1739993
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
-
Bee Safe Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.67M
Blend (final)
Blend
$6.71M
Owner & transaction history
Bee Safe At Sunshine LLC · 10 yrs held
Bee Safe At Sunshine LLC
since 2015
6 recorded transactions
Zoning & alternative use
CU-HB · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$9,480,000
Current use
INDUSTRIAL (GENERAL)
$8,925,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$6.71M
Range $6.03M – $7.38M · ±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
$92 / 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
$59,665
Tax year 2023
Assessed value
$4,346,800
Assessed 2023
Previous assessed
$4,346,800
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$518,400
Assessed improvement
$3,828,400
Land market value
$518,400
Improvement market value
$3,828,400
Total market value
$4,346,800
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
2016
Heating
FORCED AIR
Cooling
CENTRAL
Total area
72,900 SF
Lot
1.7 ac (74,052 SF)
Zoning code
CU-HB
APN
98266
UPID
US53-1739993
Jurisdiction
GUILFORD
Zoning & alternative use
CU-HB · Greensboro, NC
Zoning CU-HB · permitted uses
CU-HB · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Greensboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$9.5M
INDUSTRIAL (GENERAL)
Est. value
$8.9M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
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
2016
Heating
FORCED AIR
Cooling
Yes
Lot
1.7 ac
Current owner
From public records · entity-resolved
Bee Safe At Sunshine LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 9846, GREENSBORO, NC 27429-0846
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
—
Bee Safe At Sunshine LLC
—
Deed
related
$5,225,000 · First Bank
May 30, 2019
—
4035 Piedmont Parkway Assocs L
—
Deed
related
$5,000,000 · Wells Fargo Bk
Jun 29, 2016
—
Bee Safe At Sunshine LLC
—
Grant Deed
related
$3,731,000 · Wells Fargo Bk
Oct 15, 2015
$425,000
Bee Safe At Sunshine LLC
Kskb LLC
Warranty Deed
—
—
—
4035 Piedmont Parkway Assocs L
—
Deed Of Trust
related
$5,000,000 · Wells Fargo Bk
—
—
Kskb LLC
—
Deed Of Trust
related
$1,100,000 · Lsgc Fund 7 LLC
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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