Spacious Warehouse with Office
1302 Ohenry Blvd N, Greensboro, NC 27405
For Sale
$2,100,000
Pending
30,000+ sq ft warehouse with loading deck and office.
Property Size30,633 SF
Days on Market655
Property Features for 1302 Ohenry Blvd N
General Information
Standard status
Size
Property subtype
Listing Agency:
THE ALSTON REALTY GROUP, INC.
Listed By:
Melvin Alston
(336) 272-5779
Source:
Searchhomesinthetriad
Added: Jan 26, 2025
Changed: Nov 1
Last Checked: Nov 10 at 11:14AM
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 THE ALSTON REALTY GROUP, INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a warehouse with over 30,000 square feet of space. It includes a loading deck and truck parking located in the back. The lobby area offers two entryways suitable for office space. The property is intended for warehouse use, offering substantial storage or rentable space.
Key Highlights
- 30,000+ sq ft warehouse space
- Loading deck for easy loading/unloading
- Truck parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,038
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,520,760
$3.5M
Cap Rate 7%
$2,514,829
$2.5M
Cap Rate 9%
$1,955,978
$2.0M
Market Conditions
NOI Build-Up for 30,633 SF
Gross rent
$220.6K $7.20/SF
− Vacancy
−$13.5K −$0.44/SF
EGI
$207.1K $6.76/SF
− OpEx
−$31.1K −$1.01/SF
NOI
$176.0K $5.75/SF
Area
Greensboro, NC
Vacancy
6.10%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,520,760
Cap Rate 7%
$2,514,829
Cap Rate 9%
$1,955,978
Alternative Uses
Best Use
Office B
$5.99M
$5.24M – $6.98M
NOI $418,977 @ 7.0% cap · market cap 19.95%
Second Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $176,038 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$9.71M
$8.50M – $11.33M
NOI $679,729 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27405, NC
51,506
Population
21,762
Households
2.4
Avg Household Size
34
Median Age
23%
College-Educated
84%
High-School Grad
31.4 sq mi
ZIP Area
1,640
Density / Sq Mi
$46,498
Median Household Income
$31,677
Median Earnings
$1,002
Median Rent
$150,600
Median Home Value
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Market
Properties on Market for Warehouses in Greensboro
Vacancy Rate% for Office in South region
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- AFM Storage — 1501 E Bessemer Ave, Greensboro, NC 27405
- AFM Sales Inc — 1501 E Bessemer Ave, Greensboro, NC 27405
Frequently Asked Questions
What type of property is this?
Warehouse - 30,000+ sq ft warehouse with loading deck and office.
Where is this warehouse located?
The property is located at 1302 Ohenry Blvd N Greensboro, NC.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 30,000+ sq ft warehouse space; Loading deck for easy loading/unloading; Truck parking available
