Turnkey Office Condo
2014 New Garden Rd Greensboro, NC 27410
For Sale
Contact for pricing
Turnkey office suite with six enclosed offices, reception area, kitchenette, private restroom, and dedicated storage.
Property Size1,100 SF
Price / SF$295.36
Days on Market73
Property Features for 2014 New Garden Rd
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- OFFICE
Listing Agency:
RE/MAX Realty Consultants
(336) 686-0099
Listed By:
Mark Mann · License #201593
(336) 686-0099
Source:
Moodyscre
Added: May 13
Changed: Jul 23
Last Checked: Jul 23 at 4:49PM
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 RE/MAX Realty Consultants
Investment Insights
Based on property information with market context.
This turnkey office condo suite is delivered vacant at closing and currently owner-occupied. The space includes six private enclosed offices, along with a welcoming foyer and reception area. Additional improvements include a kitchenette for staff, a private restroom, and dedicated storage, providing a complete, functional office configuration.
The property is located in an established office park on New Garden Road, just off the Battleground Avenue corridor in Greensboro, NC. The suite is positioned for straightforward day-to-day operation by a small professional practice or service firm.
With its combination of multiple enclosed offices and front-facing reception space, the layout is well-suited for client-facing work alongside individual office usage within a self-contained suite.
The property is located in an established office park on New Garden Road, just off the Battleground Avenue corridor in Greensboro, NC. The suite is positioned for straightforward day-to-day operation by a small professional practice or service firm.
With its combination of multiple enclosed offices and front-facing reception space, the layout is well-suited for client-facing work alongside individual office usage within a self-contained suite.
Key Highlights
- Turnkey 1,100 SF office condo suite in an established office park on New Garden Road
- Layout includes six private enclosed offices plus a foyer and reception area
- Includes a kitchenette, private restroom, and dedicated storage
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 | $22.0k | $20.04 |
| − Vacancy | −$2.0k | −$1.80 |
| EGI | $20.1k | $18.24 |
| − OpEx | −$5.0k | −$4.56 |
| NOI | $15.0k | $13.68 |
1,100 SF · lease $20.04/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$214.9K
$188.1K – $250.8K
NOI $15,045 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.7K
$305.1K – $406.8K
NOI $24,408 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Realty Consultants Property ...
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RC Maintenance & Renovation
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Gortman Timothy
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FAQs
What type of property is this?
Office units - Turnkey office suite with six enclosed offices, reception area, kitchenette, private restroom, and dedicated storage.
Where is this office units located?
The property is located at 2014 New Garden Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Turnkey 1,100 SF office condo suite in an established office park on New Garden Road; Layout includes six private enclosed offices plus a foyer and reception area; Includes a kitchenette, private restroom, and dedicated storage
