Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1007 Warren St Greensboro, NC 27403

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Commercial property suitable for owner occupancy or investment.

    Property Features for 1007 Warren St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Larry Story
    Larry Story
    Source: Corcoran

    Listing Agency: HOWARD HANNA ALLEN TATE - GREENSBORO Listing Agent: Larry Story

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Property Ready For Occupancy

    This commercial property presents a great opportunity for either an owner-occupant or as an investment. The property is ready to be occupied, having recently been cleaned. It offers potential uses for various businesses, including office, retail, or service-oriented operations. Ample parking is available to accommodate these uses.
    Location Intelligence

    Current Use by Public Records

    A.A.F. Pro Studios Recording Studio

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8192739
    Latitude
    36.0605946

    Nearby Similar for Sale

    • New
      $725,000
      7,000 SF

      Greensboro Industrial Building with Office

      Adaptable industrial building with office and warehouse/flex space.
      145 S Walnut Cir, Greensboro, NC 27409
      View Details
    • New
      $1,600,000
      1.15 Acres

      Greensboro Commercial Opportunity For Sale

      Operating business and property in Greensboro's active commercial corridor.
      2300 Spring Garden St, Greensboro, NC 27403
      View Details
    • $1,790,000
      1.15 Acres

      Greensboro Commercial Property For Sale

      Versatile commercial property in a high-growth Greensboro corridor.
      3718 Old Battleground Rd, Greensboro, NC 27410
      View Details
    • New
      $350,000
      3,790 SF

      Greensboro Multifamily Renovation Opportunity

      Distressed five-unit property with value-add potential for experienced investors.
      3425 Martin Ave, Greensboro, NC 27405
      View Details
    • New
      $309,999
      2,438 SF

      Greensboro Triplex with Investment Potential

      Versatile triplex in Greensboro with remodeled units and income potential.
      3530 Riverside Dr, Greensboro, NC 27406
      View Details
    • New
      $314,900
      0.20 Acres

      Greensboro Duplex in Fisher Park

      All-brick duplex in historic Fisher Park neighborhood, Greensboro.
      1013 Eugene St, Greensboro, NC 27401
      View Details
    • New
      $249,900

      Greensboro Duplex Investment Opportunity

      Duplex near downtown Greensboro, great investment with revenue stream.
      1312 Grove St, Greensboro, NC 27403
      View Details
    • $309,999

      Greensboro Triplex with Remodeled Units

      Versatile triplex in Greensboro with strong income potential.
      3530 Riverside Dr, Greensboro, NC 27406
      View Details
    • $1,100,000
      5,000 SF

      Established Childcare Facility for Sale

      Profitable childcare business with real estate and assets included.
      1501 Upland Dr, Greensboro, NC 27405
      View Details
    • New
      $99,000

      Greensboro Retail Investment Opportunity

      Commercial building with three units, ideal for investors.
      610 Elwell Ave, Greensboro, NC 27405
      View Details
    • New
      $255,000

      Greensboro Triplex in Lindley Park

      Triplex rental property near UNCG and Greensboro College.
      2407 Spring Garden St, Greensboro, NC 27403
      View Details
    • $1,390,000
      Pending

      Greensboro Multifamily Property Near UNCG

      12-unit property near UNC Greensboro with income upside.
      920 Highland Ave, Greensboro, NC 27403
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property suitable for owner occupancy or investment.
    Where is this specialty property located?
    The property is located at 1007 Warren St Greensboro, NC.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Ready to be occupied (recently cleaned).; - Suitable for owner-occupant or investment.; - Potential for various business types (office, retail, service).
    (336) 273-7771
    Request Owner's contact information
    1007 Warren St Greensboro, NC 27403
    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.
    1007 Warren St
    Greensboro, NC 27403
    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
    1007 Warren St Greensboro, NC 27403
    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

    We can help!
    Listing Contact
    Larry Story
    Larry Story
    (336) 273-7771 (336) 327-1841
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!