Conditioned Warehouse with
504 Houston Street Greensboro, NC 27401
For Sale
$465,000
Functional warehouse on a fenced corner lot with a single loading dock and ample area for parking or laydown.
Property Size3,600 SF
Price / SF$129.17
Days on Market30
Property Features for 504 Houston Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1964
Listing Agency:
(443) 540-9293
Listed By:
Dom Maggio
Source:
Ltpcommercial
Added: Jun 25
Changed: Jul 22
Last Checked: Jul 22 at 5:17AM
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 Dom Maggio
Investment Insights
Based on property information with market context.
±3,600 SF functional warehouse layout on a fenced corner lot with ample space for parking or a laydown yard. The main warehouse portion is conditioned and includes a single loading dock.
Situated in the heart of Greensboro with easy access to major thoroughfares. The property is a short walk to UNCG and Tate Street.
This configuration supports a straightforward warehouse operation with dedicated dock access and outdoor space for staging or storage needs.
Situated in the heart of Greensboro with easy access to major thoroughfares. The property is a short walk to UNCG and Tate Street.
This configuration supports a straightforward warehouse operation with dedicated dock access and outdoor space for staging or storage needs.
Key Highlights
- 3,600 SF functional warehouse with conditioned main warehouse space
- Single loading dock
- Fenced corner lot with ample area for parking or laydown yard
Financial Insights For Warehouse
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 | $25.9k | $7.20 |
| − Vacancy | −$1.6k | −$0.44 |
| EGI | $24.3k | $6.76 |
| − OpEx | −$3.7k | −$1.01 |
| NOI | $20.7k | $5.75 |
3,600 SF · lease $7.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$295.5K
$258.6K – $344.8K
NOI $20,688 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$998.5K – $1.33M
NOI $79,882 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bill Jones Pottery
Art Studio
Earthworks Pottery and Studios
Department Store
Southern Comfort Mechanical
Hardware & Home Improvement
Similar Off Market Nearby
- Trailer Yourself - Weekly Trailer Rentals — 600 Tipton Pl, Greensboro, NC 27406
- Gridline Delivery Service — 620 S Elm St #109, Greensboro, NC 27406
- Self-Storage at U-Haul — 911 W Gate City Blvd, Greensboro, NC 27403
- Phil's Self Storage — 315 W Gate City Blvd, Greensboro, NC 27406
FAQs
What type of property is this?
Warehouse - Functional warehouse on a fenced corner lot with a single loading dock and ample area for parking or laydown.
Where is this warehouse located?
The property is located at 504 Houston Street Greensboro, NC.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 3,600 SF functional warehouse with conditioned main warehouse space; Single loading dock; Fenced corner lot with ample area for parking or laydown yard
