Office Condo with Six
For Sale
$324,900
Pending
2014 New Garden Road #C, Greensboro, NC 27410
Functional layout includes a reception foyer, kitchenette, private restroom, and dedicated storage.
Property Size1,100 SF
Days on Market162
Property Features for 2014 New Garden Road #C
General Information
Standard status
Pending
Size
1,100 SF
Property subtype
Commercial
Amenities
City Lot
Building Details
Year Built
2003
Owner Occupied
Yes
Listing Agency:
RE/MAX REALTY CONSULTANTS
(336) 217-9300
Listed By:
MARK A. MANN · License #201593
(336) 217-9307
Source:
Corcoran
Added: May 13
Changed: Oct 7
Last Checked: Oct 20 at 8:59PM
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
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Investment Insights
Based on property information with market context.
This 1,100-square-foot office condo was built in 2003 and is arranged around six enclosed offices. The suite also provides an entry foyer, kitchenette, private restroom, and dedicated storage, creating a complete workplace configuration within a compact footprint. Its layout can accommodate professional practice, service, consultation, treatment, or individual work areas, as supported by the existing enclosed rooms.
The property is currently owner-occupied and will be delivered vacant at closing. The combination of private rooms and shared support areas gives the suite a practical setup for an owner-user seeking a dedicated office location.
The property is currently owner-occupied and will be delivered vacant at closing. The combination of private rooms and shared support areas gives the suite a practical setup for an owner-user seeking a dedicated office location.
Key Highlights
- 1,100 SF office condo
- Six private enclosed offices
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,045
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,900
$300.9K
Cap Rate 7%
$214,929
$214.9K
Cap Rate 9%
$167,167
$167.2K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$22.0K $20.04/SF
− Vacancy
−$2.0K −$1.80/SF
EGI
$20.1K $18.24/SF
− OpEx
−$5.0K −$4.56/SF
NOI
$15.0K $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%
$300,900
Cap Rate 7%
$214,929
Cap Rate 9%
$167,167
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 27410, NC
54,968
Population
26,279
Households
2.1
Avg Household Size
42
Median Age
57%
College-Educated
96%
High-School Grad
31.9 sq mi
ZIP Area
1,723
Density / Sq Mi
$84,225
Median Household Income
$47,784
Median Earnings
$1,307
Median Rent
$308,200
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
Frequently Asked Questions
What type of property is this?
Office unit - Functional layout includes a reception foyer, kitchenette, private restroom, and dedicated storage.
Where is this office unit located?
The property is located at 2014 New Garden Road #C 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: 1,100 SF office condo; Six private enclosed offices; Built in 2003
