Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Downtown Greensboro Commercial Building Title is generated by Realmo AI

    312 Church Court, Greensboro, NC 27401

    View on Map
    Claim this Listing
    For Sale
    $499,000

    SINGLE_FAMILY - Greensboro, NC

    Type:Office
    Property size:
    2,008 SF
    Price / SF:
    $248/SF
    Added:
    Feb 19, 2026
    Days on Market:
    93
    Last Refresh:
    May 23 at 2:06 pm

    Property Features for 312 Church Court

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    CB
    Parking
    1
    Standard status
    Active
    Size
    2,008 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1927
    Floors in Building
    2

    We can help!

    Listing Contact
    Jimmy Dowell, Jr.

    Listing agent Jimmy Dowell, Jr.

    Listing office Berkshire Hathaway HomeServices Yost & Little Realty Greensboro, NC

    Listing date Feb 19, 2026

    MLS# 1209086

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location within walking distance to Tanger Center, Kontoor, restaurants, and nightlife.
    • Renovated building with a versatile open floor plan on the upper level suitable for various uses.
    • Lower level features a workspace/office/meeting area, half bath, and oversized, fire‑rated, climate‑controlled garage.
    • Upper level includes a full kitchen and a large, handicapped‑accessible full bath.
    • Potential for residential conversion on the upper level with modifications and a permit.
    • Unique industrial‑style remodel reminiscent of a NYC loft.

    Overview

    This renovated building in downtown Greensboro offers a rare opportunity for various uses. Located within walking distance of the Tanger Center, Kontoor, restaurants, and nightlife, the property features a remodeled interior with an industrial feel reminiscent of a NYC loft. Currently used as an office, the lower level includes a workspace/office/meeting area, a half bath, and an oversized, fire-rated, climate-controlled garage. The upper level features an open floor plan, a full kitchen, and a large handicapped-accessible full bath, encompassing 1000 square feet. The property spans a total of 2008 square feet. It presents an incredible opportunity for those seeking an urban workspace or a full-service space for an Air BNB. Zoned commercial (CB), Greensboro planning and zoning has indicated that with modifications, a permit could be obtained for upper-level residential use.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $305.2K
    NOI $27,464 @ 9.00% cap · cautious / downside scenario
    Moderate
    $392.3K
    NOI $27,464 @ 7.00% cap · market / base-case scenario
    Aggressive
    $549.3K
    NOI $27,464 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $40.2k $20.04
    − Vacancy −$3.6k −$1.80
    EGI $36.6k $18.24
    − OpEx −$9.2k −$4.56
    NOI $27.5k $13.68
    2,008 SF · lease $20.04/SF/yr · vacancy 9.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $392.3K
    $343.3K – $457.7K (±1% cap)
    NOI $27,464 @ 7.0% cap · market cap 5.50%
    Second Best
    Mixed Use
    $328.9K
    $287.8K – $383.7K (±1% cap)
    NOI $23,024 @ 7.0% cap · market cap 4.61%
    Theoretical Best
    Office A
    $636.5K
    $557.0K – $742.6K (±1% cap)
    NOI $44,556 @ 7.0% cap · market cap 8.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.787392
    Latitude
    36.076723

    Nearby Similar for Sale

    • $1,100,000
      4,800 SF

      Established Childcare Facility For Sale

      Long-established childcare facility in Greensboro with excellent visibility.
      1501 Upland Drive, Greensboro, NC 27405
      View Details
    • $725,000
      7,000 SF

      Greensboro Industrial Building with Offices

      7,000 SF industrial building with office and warehouse space.
      145 S Walnut Circle, Greensboro, NC 27409
      View Details
    • $475,000
      2,224 SF

      Downtown Greensboro Office Building For Sale

      Stand-alone office building in historic Fisher Park, Greensboro.
      510 Church Street, Greensboro, NC 27401
      View Details
    • $280,000
      2,054 SF

      Greensboro Commercial Property For Sale

      Two-unit commercial property in Greensboro, ideal for office or retail.
      4929 W Market Street, Greensboro, NC 27407
      View Details
    • $299,900
      2,171 SF

      Unique Greensboro Commercial Opportunity

      Versatile commercial property with residential character in Greensboro, NC.
      4316 Burlington Road, Greensboro, NC 27405
      View Details
    • $1,500
      1,009 SF

      Greensboro Office Space For Sale

      Mini office space with three offices and reception area.
      2606 Branchwood Drive, Greensboro, NC 27408
      View Details
    • $500
      162 SF

      Private Office Space Available

      Private office spaces available, utilities included, ideal for small businesses.
      2606 Branchwood Drive, Greensboro, NC 27408
      View Details
    • $159,000
      1,625 SF

      Commercial Property on Bessemer Avenue

      Versatile commercial property with customization options and great visibility.
      3200 E Bessemer Avenue, Greensboro, NC 27405
      View Details
    • Sponsored
      $1,625,000
      5,270 SF

      1018 North Elm Street

      Three commercial properties for sale near Cone Health Hospital.
      1018 North Elm St, Greensboro, NC 27401
      View Details
    • $535,000
      30,000 SF

      Greensboro Commercial Property For Sale

      Commercial property in Greensboro, North Carolina with road frontage.
      3208 Church Street, Greensboro, NC 27405
      View Details
    • $199,900

      Greensboro Duplex: Investment Opportunity

      Upgraded duplex near downtown Greensboro with steady rental income.
      1312 Grove Street, Greensboro, NC 27403
      View Details
    • $1,325,000
      4,594 SF

      Retail Condominium Units For Sale

      Three condominium units totaling 4,594± SF near downtown Greensboro.
      504 East Cornwallis Drive, Greensboro, NC, 27405
      View Details

    FAQs

    What type of property is this?
    Office units - Rare opportunity for urban work space or residential conversion.
    Where is this office units located?
    The property is located at 312 Church Court Greensboro, NC.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Prime downtown location within walking distance to Tanger Center, Kontoor, restaurants, and nightlife.; Renovated building with a versatile open floor plan on the upper level suitable for various uses.; Lower level features a workspace/office/meeting area, half bath, and oversized, fire‑rated, climate‑controlled garage.
    (336) 272-0151
    We can help!
    Listing Contact
    Jimmy Dowell, Jr.
    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.
    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

    Thank You for Inquiry
    312 Church Court, Greensboro, NC 27401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!