Commercial Property on New
1317 New Garden Rd Greensboro, NC 27410
For Sale
Contact for pricing
Pending
Commercial property with frontage on New Garden Road.
Property Size2,130 SF
Days on Market660
Property Features for 1317 New Garden Rd
General Information
- Standard status
- Pending
- Size
- 2,130 SF
- Property subtype
- Office
Building Details
- Year Built
- 1955
Listing Agency:
Essa Commercial Real Estate
(336) 297-1000
Listed By:
Carl Essa · License #NC 152973
Source:
Crexi
Added: Oct 2, 2024
Changed: Jul 6
Last Checked: Jul 23 at 7:06AM
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 Essa Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial property offers potential due to its zoning. The location provides convenient access to major interstates, highways, and thoroughfares. The property features frontage on New Garden Road.
Key Highlights
- Great commercial zoning potential
- New Garden Road frontage
- Close to major interstates
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 | $42.7k | $20.04 |
| − Vacancy | −$3.8k | −$1.80 |
| EGI | $38.8k | $18.24 |
| − OpEx | −$9.7k | −$4.56 |
| NOI | $29.1k | $13.68 |
2,130 SF · lease $20.04/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$416.2K
$364.2K – $485.6K
NOI $29,133 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.2K
$590.8K – $787.7K
NOI $47,264 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Spaces
Similar Off Market Nearby
- Symetrek Solutions — 1422 grantland pl, greensboro, nc 27410
- Office Depot Tech Services — 1571 New Garden Rd, Greensboro, NC 27410
FAQs
What type of property is this?
Office space - Commercial property with frontage on New Garden Road.
Where is this office space located?
The property is located at 1317 New Garden Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Great commercial zoning potential; New Garden Road frontage; Close to major interstates
