For Sale
$1,625,000
1018 North Elm St, Greensboro, NC 27401
Three Contiguous Properties 1018 North Elm Street and 1117-1121 Magnolia Street
Property Size5,270 SF
Lot Size0.66 Acres
Price / SF$308.35
Days on Market177
Property Features for 1018 North Elm St
General Information
Standard status
Active
Property type
Office buildings, Office Units, Medical Office Space, Office Spaces
Size
5,270 SF
Class
A
Total Parking Spaces
50
Elevators
No
Lot size
0.66 Acres
Investment Type
Owner User
Building Details
Year Built
1953
Year Renovated
2024
Buildings
1
Stories
1
Listed By:
Property Owner
(336) 549-1860
Added: Apr 21
Investment Insights
Based on property information with market context.
Key Highlights
- Exceptional Visibility • Dual Street Access • Unlimited Potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,079
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,580
$1.4M
Cap Rate 7%
$1,029,700
$1.0M
Cap Rate 9%
$800,878
$800.9K
Market Conditions
NOI Build-Up for 5,270 SF
Gross rent
$105.6K $20.04/SF
− Vacancy
−$9.5K −$1.80/SF
EGI
$96.1K $18.24/SF
− OpEx
−$24.0K −$4.56/SF
NOI
$72.1K $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%
$1,441,580
Cap Rate 7%
$1,029,700
Cap Rate 9%
$800,878
Alternative Uses
Best Use
Office B
$1.03M
$901.0K – $1.20M
NOI $72,079 @ 7.0% cap · market cap 4.44%
Second Best
Healthcare Medical
$828.7K
$725.1K – $966.8K
NOI $58,009 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,938 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,893
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three Contiguous Properties 1018 North Elm Street and 1117-1121 Magnolia Street
Where is this office building located?
The property is located at 1018 North Elm St Greensboro, NC.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Exceptional Visibility • Dual Street Access • Unlimited Potential
