Medical Office Condo For
For Sale
$1,575,000
1910 N Church Street, Greensboro, NC 27405
9,664 SF medical office condo on two floors.
Property Size9,664 SF
Price / SF$162.98
Days on Market218
Property Features for 1910 N Church Street
General Information
Standard status
Active
Size
9,664 SF
Property subtype
Office - Medical Office
Zoning
LI
Building Details
Building Size
9,664 SF
Year Built
1968
Year Renovated
2019
Stories
2
Listing Agency:
Brown Investment Properties
Listed By:
Bill Strickland · License #225073
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 26
Last Checked: Oct 28 at 5:10AM
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 Brown Investment Properties
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Investment Insights
Based on property information with market context.
This is a medical office condo offering approximately 9,664 square feet across two floors. The layout includes a waiting room, breakroom, conference room, file rooms, exam rooms, a surgical room, and restrooms. The first floor, encompassing approximately 5,595 square feet, is currently used as a veterinary clinic. The second floor, with approximately 4,069 square feet, has several rooms used for storage. Please note that the building does not have elevators. The property is available for sale or lease.
Key Highlights
- Large medical office condo offering 9,664 +/- SF on two floors.
- Versatile space includes a waiting room, breakroom, conference room, file rooms, exam rooms, surgical room, and restroom.
- Established veterinary clinic occupies 5,595 +/- SF on the first floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,177
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,540
$2.6M
Cap Rate 7%
$1,888,243
$1.9M
Cap Rate 9%
$1,468,633
$1.5M
Market Conditions
NOI Build-Up for 9,664 SF
Gross rent
$193.7K $20.04/SF
− Vacancy
−$17.4K −$1.80/SF
EGI
$176.2K $18.24/SF
− OpEx
−$44.1K −$4.56/SF
NOI
$132.2K $13.68/SF
Area
Greensboro, NC
Vacancy
9.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,540
Cap Rate 7%
$1,888,243
Cap Rate 9%
$1,468,633
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $132,177 @ 7.0% cap · market cap 8.39%
Second Best
Healthcare Medical
$1.52M
$1.33M – $1.77M
NOI $106,375 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,439 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
Under-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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Piedmont Communities Spay Neuter & Wellness Clinic — 1910 N Church St, Greensboro, NC 27405
Frequently Asked Questions
What type of property is this?
Medical Office Space - 9,664 SF medical office condo on two floors.
Where is this medical office space located?
The property is located at 1910 N Church Street Greensboro, NC.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Large medical office condo offering 9,664 +/- SF on two floors.; Versatile space includes a waiting room, breakroom, conference room, file rooms, exam rooms, surgical room, and restroom.; Established veterinary clinic occupies 5,595 +/- SF on the first floor.
