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    Commercial Property on New Garden Title is generated by Realmo AI

    1317 New Garden Rd, Greensboro, NC 27410

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    Commercial property with frontage on New Garden Road.

    Type:Office
    Property size:
    2,130 SF
    Price / SF:
    $199/SF
    Added:
    Oct 2, 2024
    Days on Market:
    615
    Last Refresh:
    May 12 at 10:51 pm

    Property Features for 1317 New Garden Rd

    General Information

    Standard status
    Active
    Size
    2,130 SF
    Property subtype
    Office

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    Carl Essa

    Listing agent Carl Essa License #NC 152973

    Listing office Essa Commercial Real Estate

    Listing date Oct 2, 2024

    Source Crexi

    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

    HighLights

    • Great commercial zoning potential
    • New Garden Road frontage
    • Close to major interstates
    • Close to major highways
    • Close to major thoroughfares
    • Year Built: 1955

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $47,264 @ 7.0% cap · market cap 11.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Pharmacy Skin Care Clinic Accounting Firm

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

    Similar Places Nearby

    • Walmart Home Theater Installation — 3738 Battleground Ave, Greensboro, NC 27410
    • Tron Billing | Cloud Utility Billing Software — 3300 Battleground Ave, Greensboro, NC 27410

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8892301
    Latitude
    36.1037585

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    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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carl Essa
    Real Estate License ID: NC 152973
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