Warehouse and Office Space
For Sale
Contact for pricing
112 South Walnut Circle, Greensboro, NC 27409
8,400 SF warehouse with office space for sale.
Property Size8,400 SF
Lot Size0.49 Acres
Price / SF$94.64
Days on Market223
Property Features for 112 South Walnut Circle
General Information
Standard status
Active
Size
8,400 SF
Lot size
0.49 Acres
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
NNN
Building Details
Tenancy
Multi
Listing Agency:
Joubran Commercial Properties
Listed By:
JJ Joubran, CCIM, SIOR · License #NC 198904
(336) 270-9775
Source:
Crexi
Added: Feb 25
Changed: Sep 26
Last Checked: Oct 5 at 7:35PM
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 Joubran Commercial Properties
Investment Insights
Based on property information with market context.
This property, located off West Market Street on South Walnut Circle, is situated minutes from West Wendover Avenue and Interstate 40. The building includes approximately 1,400 square feet of office space and 7,000 square feet of warehouse space, situated on a 0.49-acre lot.
Key Highlights
- Large warehouse space available (7,000 SF)
- Office space available (1,400 SF)
- Convenient location off West Market Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,754
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,080
$795.1K
Cap Rate 7%
$567,914
$567.9K
Cap Rate 9%
$441,711
$441.7K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$60.5K $7.20/SF
− Vacancy
−$3.7K −$0.44/SF
EGI
$56.8K $6.76/SF
− OpEx
−$17.0K −$2.03/SF
NOI
$39.8K $4.73/SF
Area
Greensboro, NC
Vacancy
6.10%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,080
Cap Rate 7%
$567,914
Cap Rate 9%
$441,711
Alternative Uses
Best Use
Industrial
$567.9K
$496.9K – $662.6K
NOI $39,754 @ 7.0% cap · market cap 5.00%
Second Best
Flex RnD
$527.3K
$461.4K – $615.2K
NOI $36,914 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,391 @ 7.0% cap · market cap 23.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27409, NC
17,378
Population
9,616
Households
1.8
Avg Household Size
36
Median Age
38%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
873
Density / Sq Mi
$57,862
Median Household Income
$40,298
Median Earnings
$1,173
Median Rent
$189,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - 8,400 SF warehouse with office space for sale.
Where is this flex space located?
The property is located at 112 South Walnut Circle Greensboro, NC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Large warehouse space available (7,000 SF); Office space available (1,400 SF); Convenient location off West Market Street
