Listing Agency: Lee & Associates - Wilmington

Listed By: David Divine, SIOR · License #190963

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 3:13AM

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Investment Insights

Based on property information with market context.

This industrial property at 1660 Sullivan St in Greensboro, North Carolina, contains 12,000 square feet of building area. The asset is identified for industrial use and is offered for sale.

The property carries an 8.57% capitalization rate, providing a defined investment metric for evaluation. Its address places the asset in Greensboro’s 27407 ZIP code.

Key Highlights

• 12,000 SF industrial property
• 8.57% CAP rate
• Located at 1660 Sullivan St, Greensboro, NC 27407

Property Analytics

Property Profile

Current Use

The Macomb Group - Greensboro Factory Mechanical Supply Co Factory

Suggested Use

Top Pick Real Estate Agency Garden Center Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,204

Businesses Nearby

Explore this area Business Placement

Demographics for 27407, NC

49,803

Population

23,861

Households

2.1

Avg Household Size

35

Median Age

35%

College-Educated

88%

High-School Grad

29.4 sq mi

ZIP Area

1,694

Density / Sq Mi

$59,308

Median Household Income

$35,819

Median Earnings

$1,113

Median Rent

$203,800

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial asset with substantial building area for commercial use.

Where is this industrial property located?

The property is located at 1660 Sullivan St Greensboro, NC.

What are key features of this property?

This property features: 12,000 SF industrial property; 8.57% CAP rate; Located at 1660 Sullivan St, Greensboro, NC 27407