Historic Medical Office
For Sale
$228,878
1004-1006 Olive Street, Greensboro, NC 27401
Converted historic property with Office zoning, professional-services suitability, and on-site surface parking.
Property Size896 SF
Lot Size0.21 Acres
Price / SF$255.44
Days on Market137
Property Features for 1004-1006 Olive Street
General Information
Standard status
Active
Size
896 SF
Lot size
0.21 Acres
Property subtype
Office
Zoning
Office
Additional Details
Asking Price
$298,000
Building Details
Year Built
1928
Building Size
896 SF
Listing Agency:
CBRE | Greensboro
Listed By:
Lydia Whitley
(336) 714-0385
Source:
Cbre
Added: Jun 2
Changed: Oct 4
Last Checked: Oct 16 at 5:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Greensboro
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property occupies a historic home converted for office and medical use. The building contains 896 SF on a 0.21-acre site, with Office zoning supporting professional services and medical applications. Constructed in 1928, the property offers on-site surface parking and a format suitable for owner occupancy.
The address is within Greensboro’s Fisher Park historic district, near Cone Hospital and downtown Greensboro. Its combination of an established residential-style structure, office zoning, and proximity to medical and downtown destinations creates a distinct setting for professional or healthcare operations.
The address is within Greensboro’s Fisher Park historic district, near Cone Hospital and downtown Greensboro. Its combination of an established residential-style structure, office zoning, and proximity to medical and downtown destinations creates a distinct setting for professional or healthcare operations.
Key Highlights
- 896 SF medical office building on a 0.21‑acre site
- Historic home converted to office and medical use
- Office zoning supports professional services and medical applications
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,255
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,100
$245.1K
Cap Rate 7%
$175,071
$175.1K
Cap Rate 9%
$136,167
$136.2K
Market Conditions
NOI Build-Up for 896 SF
Gross rent
$18.0K $20.04/SF
− Vacancy
−$1.6K −$1.80/SF
EGI
$16.3K $18.24/SF
− OpEx
−$4.1K −$4.56/SF
NOI
$12.3K $13.68/SF
Area
Greensboro, NC
Vacancy
9.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,100
Cap Rate 7%
$175,071
Cap Rate 9%
$136,167
Alternative Uses
Best Use
Office B
$175.1K
$153.2K – $204.3K
NOI $12,255 @ 7.0% cap · market cap 5.35%
Second Best
Healthcare Medical
$140.9K
$123.3K – $164.4K
NOI $9,863 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$284.0K
$248.5K – $331.4K
NOI $19,882 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,615
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27401, NC
21,854
Population
9,650
Households
2.3
Avg Household Size
29
Median Age
32%
College-Educated
85%
High-School Grad
5.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$44,524
Median Household Income
$22,542
Median Earnings
$883
Median Rent
$138,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Downtown Greensboro Animal Hospital — 120 W Smith St, Greensboro, NC 27401
- Hodges Integrative Veterinary Services pllc — 1004 Olive St, Greensboro, NC 27401
Frequently Asked Questions
What type of property is this?
Medical Office Space - Converted historic property with Office zoning, professional-services suitability, and on-site surface parking.
Where is this medical office space located?
The property is located at 1004-1006 Olive Street Greensboro, NC.
What is the asking price?
The asking price for this property is $228,878.
What are key features of this property?
This property features: 896 SF medical office building on a 0.21‑acre site; Historic home converted to office and medical use; Office zoning supports professional services and medical applications
