Office Building with Expansion
1130 New Garden Rd, Greensboro, NC 27410
For Sale
Contact for pricing
The office-zoned parcel includes on-site parking and land available for additional construction.
Property Size6,600 SF
Lot Size2.06 Acres
Price / SF$446.97
Days on Market50
Property Features for 1130 New Garden Rd
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Buildings
Stories
Building Size
Owner Occupied
Listing Agency:
NAI Piedmont Triad
(336) 373-0995
Listed By:
Robbie Perkins, SIOR, CCIM
(336) 337-0059
Source:
Moodyscre
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 10 at 11:47AM
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 NAI Piedmont Triad
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Investment Insights
Based on property information with market context.
Built in 2006, this single-story office building contains 6,600 square feet on a 2.06-acre parcel. On-site parking serves the property, and a portion of the site remains available for additional construction. The current lease runs through February 28, 2027.
The property is positioned at New Garden Road and a private drive, along a corridor near residential neighborhoods, retail businesses, and medical facilities.
The property is positioned at New Garden Road and a private drive, along a corridor near residential neighborhoods, retail businesses, and medical facilities.
Key Highlights
- 6,600‑square‑foot, single‑story office building constructed in 2006
- 2.06‑acre site with a portion available for additional construction
- Office zoning and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,270
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,805,400
$1.8M
Cap Rate 7%
$1,289,571
$1.3M
Cap Rate 9%
$1,003,000
$1.0M
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$132.3K $20.04/SF
− Vacancy
−$11.9K −$1.80/SF
EGI
$120.4K $18.24/SF
− OpEx
−$30.1K −$4.56/SF
NOI
$90.3K $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%
$1,805,400
Cap Rate 7%
$1,289,571
Cap Rate 9%
$1,003,000
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,270 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,450 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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Business Placement
Demographics for 27410, NC
54,968
Population
26,279
Households
2.1
Avg Household Size
42
Median Age
57%
College-Educated
96%
High-School Grad
31.9 sq mi
ZIP Area
1,723
Density / Sq Mi
$84,225
Median Household Income
$47,784
Median Earnings
$1,307
Median Rent
$308,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Guilford County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The office-zoned parcel includes on-site parking and land available for additional construction.
Where is this office building located?
The property is located at 1130 New Garden Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 6,600‑square‑foot, single‑story office building constructed in 2006; 2.06‑acre site with a portion available for additional construction; Office zoning and on‑site parking
