Add Listing
    For Lease
    • 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

    207 State St Greensboro, NC 27408

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr ($4,400 /Mo)

    Vintage buildings with diverse retail, office, and restaurant spaces.

    Property size:
    2,400 SF
    Lot size:
    2,400 SF

    Property Features for 207 State St

    General Information

    Standard status
    Active
    Size
    2,400 SF

    We can help!

    Listing Contact
    Lydia Whitley
    Source: Cbre

    Listing Agent: Lydia Whitley

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

    Learn more

    Overview

    Refurbished Retail and Office Spaces

    State Street Station in Old Irving Park features a collection of 35 shops, galleries, restaurants, and boutiques within elegantly refurbished 1920s vintage buildings. This shopping center comprises 9 buildings offering diverse retail, office, and restaurant spaces. The total size of the center is approximately 60,625 square feet. Parking is available at a rate of 4.115 spaces per 1,000 square feet. The location serves a high daytime population and benefits from high-end surrounding demographics. Executive offices are available on the second floor. The property is situated between N Elm St and Church St, approximately 1 mile from Revolution Mill, in a growing retail, office, and residential area.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Law Firm Daycare Center

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

    Similar Places Nearby

    Golden Gate Shopping Center, Coinstar Kiosk | Bitcoin ATM, State Street Crossing

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.805255
    Latitude
    36.0710001

    Nearby Similar for Lease

    • Contact for pricing

      Office Space with Warehouse Access

      Private office suites available for lease with warehouse access.
      2606 Branchwood Dr, Greensboro, NC 27408
      View Details
    • Contact for pricing

      Private Office Spaces Available

      Private office spaces for lease in a professional setting.
      2606 Branchwood Dr, Greensboro, NC 27408
      View Details
    • Contact for pricing

      Green Valley Office Park

      Discover many ways to work your way in Corporate Commons
      717 Green Valley Rd, Greensboro, NC 27408
      View Details
    • Contact for pricing

      NC, Greensboro - W Friendly Ave

      Discover many ways to work your way in San Antonio Airport
      516 Friendly Ave, Greensboro, NC 27401
      View Details
    • Sponsored
      Contact for pricing

      NC, Greensboro - 301 N Elm

      Discover many ways to work your way in Boise Downtown
      301 Elm St, Greensboro, NC 27401
      View Details
    • Contact for pricing

      NC, Greensboro - Weybridge Ln

      Discover many ways to work your way in Two Paragon Place
      4510 Weybridge Ln, Greensboro, NC 27407
      View Details
    • Contact for pricing

      Retail Space in Garden Creek

      Retail space available in Garden Creek Shopping Center.
      1641 New Garden Rd, Greensboro, NC 27410
      View Details
    • Contact for pricing

      Retail Space Above Whole Foods

      Retail space for lease in a large mixed-use development.
      3200 W Friendly Ave, Greensboro, NC 27408
      View Details
    • $20 SF/Yr
      1,369 SF

      Retail Space Near Major Retailers

      Retail space available near Wal-Mart and Lowe's.
      4002 Elton Way, Greensboro, NC 27406
      View Details
    • $24 SF/Yr
      4,000 SF

      Retail Space Near Interstate 40

      Retail space with I-40 visibility and convenient access.
      5402 Hornaday Rd, Greensboro, NC 27407
      View Details
    • Contact for pricing
      67,726 SF

      Downtown Greensboro Office Space Available

      Newly renovated office space in downtown Greensboro's Central Business District.
      301 North Elm St, Greensboro, NC 27401
      View Details
    • $3,850 /Mo
      1,344 SF

      Battleground Avenue Commercial Building For Rent

      Standalone 1344 SF building on high-visibility Battleground Avenue.
      2916-2918 Battleground Ave, Greensboro, NC 27408
      View Details

    FAQs

    What type of property is this?
    Shopping center - Vintage buildings with diverse retail, office, and restaurant spaces.
    Where is this shopping center located?
    The property is located at 207 State St Greensboro, NC.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Located in a growing and thriving retail, office, and residential area.; - Situated in Old Irving Park, a cordial and relaxed neighborhood.; - Features **35 unique shops, galleries, restaurants, and boutiques.**
    (336) 373-8800
    Request Owner's contact information
    207 State St Greensboro, NC 27408
    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.
    207 State St
    Greensboro, NC 27408
    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
    207 State St Greensboro, NC 27408
    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
    Lydia Whitley
    (336) 373-8800 (336) 714-0385
    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!