Freestanding Light Industrial
120 Landmark Dr Greensboro, NC 27409
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Freestanding industrial building with 12-15' clear height, dock-high and drive-in loading, and a fenced gravel yard.
Property Size15,000 SF
Lot Size1.87 Acres
Price / SF$150
Days on Market6
Property Features for 120 Landmark Dr
General Information
Standard status
Active
Size
15,000 SF
Lot size
1.87 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Piedmont Triad
(336) 337-0059
Listed By:
Robbie Perkins, SIOR, CCIM
(336) 337-0059
Source:
Moodyscre
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 28 at 4:13PM
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
Investment Insights
Based on property information with market context.
Freestanding light industrial facility totaling 15,000 SF on a 1.87-acre lot, built in 1984. The building is single-tenant and includes 4,000 to 5,000 SF of high-quality office space under renovation, with the remainder configured as warehouse. Clear height is 12’ at the eaves and 15’ at the center. Loading includes one dock-high door and one drive-in door, and the layout features a single column line running down the middle of the building, approximately 50 feet wide.
The property includes an approximately 0.25-acre gravel, fenced laydown yard (IOS Yard) and 40 parking spaces. The building has four bathrooms, HVAC throughout, and LED lighting. Power includes one electrical service with three 200-amp subpanels at 120/208V, plus a separate three-phase, 230-volt service for the shop area.
The facility is not sprinklered and is zoned LI (Light Industrial). Yard and building features support a mixed office/warehouse operation.
The property includes an approximately 0.25-acre gravel, fenced laydown yard (IOS Yard) and 40 parking spaces. The building has four bathrooms, HVAC throughout, and LED lighting. Power includes one electrical service with three 200-amp subpanels at 120/208V, plus a separate three-phase, 230-volt service for the shop area.
The facility is not sprinklered and is zoned LI (Light Industrial). Yard and building features support a mixed office/warehouse operation.
Key Highlights
- 15,000 SF freestanding light industrial building on a 1.87 AC lot
- Single‑tenant layout with 4,000–5,000 SF high‑quality office space under renovation; remaining area is warehouse
- 12' clear height at the eaves and 15' at the center
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $300.6k | $20.04 |
| − Vacancy | −$27.1k | −$1.80 |
| EGI | $273.5k | $18.24 |
| − OpEx | −$68.4k | −$4.56 |
| NOI | $205.2k | $13.68 |
15,000 SF · lease $20.04/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.42M
NOI $205,160 @ 7.0% cap · market cap 9.12%
Second Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,200 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$4.75M
$4.16M – $5.55M
NOI $332,842 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial building with 12-15' clear height, dock-high and drive-in loading, and a fenced gravel yard.
Where is this flex space located?
The property is located at 120 Landmark Dr Greensboro, NC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 15,000 SF freestanding light industrial building on a 1.87 AC lot; Single‑tenant layout with 4,000–5,000 SF high‑quality office space under renovation; remaining area is warehouse; 12' clear height at the eaves and 15' at the center
