Turnkey Office Condo
1919 Boulevard Street #E Greensboro, NC 27407
For Sale
$200,000
Pending
Turnkey office condo with multiple office areas, reception, two full bathrooms, and a kitchen/breakroom in a high-traffic area.
Property Size1,250 SF
Days on Market93
Property Features for 1919 Boulevard Street #E
General Information
- Standard status
- Pending
- Size
- 1,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency:
REAL BROKER LLC
(678) 634-2169
Listed By:
SCOTT LINDERER · License #NC 317699
Source:
Corcoran
Added: Apr 23
Changed: Jul 23
Last Checked: Jul 23 at 2:29PM
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 REAL BROKER LLC
Investment Insights
Based on property information with market context.
This well-appointed commercial office condo offers a functional, client-friendly layout with a front welcome/reception area, five versatile office areas, and additional storage or flex spaces. The space includes two full bathrooms and a kitchen/breakroom, supporting day-to-day operations for a range of professional uses. The unit is described as turnkey, with externally measured measurements provided.
Located in a high-traffic area of Greensboro, the condo is positioned just off S. Holden Road and about 0.2 miles from Gate City Boulevard, supporting convenient access for both staff and visitors. The property also benefits from nearby everyday amenities, including grocery stores, shopping, and a variety of restaurants.
Condo fees are listed at $150 per month, which prospective buyers should factor into overall ownership costs.
Located in a high-traffic area of Greensboro, the condo is positioned just off S. Holden Road and about 0.2 miles from Gate City Boulevard, supporting convenient access for both staff and visitors. The property also benefits from nearby everyday amenities, including grocery stores, shopping, and a variety of restaurants.
Condo fees are listed at $150 per month, which prospective buyers should factor into overall ownership costs.
Key Highlights
- 1,250 SF commercial office condo in a high‑traffic area of Greensboro (externally measured).
- Layout includes five office areas with a front reception/welcome area for greeting clients.
- Two full bathrooms plus a kitchen/breakroom for everyday office use.
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 | $25.1k | $20.04 |
| − Vacancy | −$2.3k | −$1.80 |
| EGI | $22.8k | $18.24 |
| − OpEx | −$5.7k | −$4.56 |
| NOI | $17.1k | $13.68 |
1,250 SF · lease $20.04/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$244.2K
$213.7K – $285.0K
NOI $17,097 @ 7.0% cap · market cap 8.55%
Second Best
Healthcare Medical
$196.6K
$172.0K – $229.3K
NOI $13,759 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$396.2K
$346.7K – $462.3K
NOI $27,737 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pickett & Baugh Realty ...
Real Estate Agency
Serenity Rehabilitation Services
Physician
Nationwide Insurance: Allen ...
Insurance Agency
Dream Builders Realty ...
Real Estate Agency
FedEx Drop Box
Postal Service
FAQs
What type of property is this?
Office units - Turnkey office condo with multiple office areas, reception, two full bathrooms, and a kitchen/breakroom in a high-traffic area.
Where is this office units located?
The property is located at 1919 Boulevard Street #E Greensboro, NC.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,250 SF commercial office condo in a high‑traffic area of Greensboro (externally measured).; Layout includes five office areas with a front reception/welcome area for greeting clients.; Two full bathrooms plus a kitchen/breakroom for everyday office use.
