Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Refurbished Retail and Office Spaces Title is generated by Realmo AI

    207 State Street, Greensboro, NC 27408

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr $4,400/Mo (calc)

    Vintage buildings with diverse retail, office, and restaurant spaces.

    Type:Retail
    Property size:
    2,400 SF
    Added:
    Nov 22, 2025
    Days on Market:
    181
    Last Refresh:
    May 19 at 9:00 pm

    Property Features for 207 State Street

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Retail

    Spaces For Lease

    at 207 State Street Contact us

    We can help!

    Listing Contact
    Lydia Whitley

    Listing agent Lydia Whitley

    Listing office CBRE | Greensboro

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE | Greensboro

    HighLights

    • Located in a growing and thriving retail, office, and residential area.
    • Situated in Old Irving Park, a cordial and relaxed neighborhood.
    • Features 35 unique shops, galleries, restaurants, and boutiques.
    • High‑end surrounding demographics.
    • Busy mixed‑use project serving a high daytime population.
    • Parking: 4.115/1,000 SF

    Overview

    State Street Station in Old Irving Park features a collection of 35 shops, galleries, restaurants, and boutiques within elegantly refurbished 1920s vintage buildings. This shopping center comprises 9 buildings offering diverse retail, office, and restaurant spaces. The total size of the center is approximately 60,625 square feet. Parking is available at a rate of 4.115 spaces per 1,000 square feet. The location serves a high daytime population and benefits from high-end surrounding demographics. Executive offices are available on the second floor. The property is situated between N Elm St and Church St, approximately 1 mile from Revolution Mill, in a growing retail, office, and residential area.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Law Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Golden Gate Shopping Center — 2276 Golden Gate Dr, Greensboro, NC 27405
    • Coinstar Kiosk | Bitcoin ATM — Food Lion, 2208 Golden Gate Dr, Greensboro, NC 27405
    • State Street Crossing — 2104 Georgia St, Greensboro, NC 27408

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8053
    Latitude
    36.071

    Nearby Similar for Lease

    • Contact for pricing
      1,620 SF

      Greensboro Office Condo For Lease

      Attractive, professional office condo in desirable West Market Square Office Park.
      3707 W Market Street, Greensboro, NC 27403
      View Details
    • Contact for pricing
      4,272 SF

      Greensboro Light Industrial Flex Space

      Well-maintained light industrial space near I-40 and outer-loop.
      3716 Alliance Drive, Greensboro, NC 27407
      View Details
    • Sponsored
      $129-$4,536/Mo
      11-1,292 SF

      NC, Greensboro - Weybridge Ln

      4510 Weybridge Ln, Greensboro, NC 27407
      View Details
    • $129-$15,384/Mo
      11-1,292 SF

      Green Valley Office Park

      717 Green Valley Rd, Unit 200, Greensboro, NC 27408
      View Details
    • $129-$3,596/Mo
      11-1,292 SF

      NC, Greensboro - W Friendly Ave

      516 Friendly Ave, Greensboro, NC 27401
      View Details
    • Contact for pricing
      6,500 SF

      Greensboro Commercial Flex/Industrial Space

      6,500 SF flex/industrial space available for lease in Greensboro.
      902 Norwalk Street, Greensboro, NC 27407
      View Details
    • $20 SF/Yr
      4,336 SF

      Greensboro Office Space Available

      4,336 SF office space for lease in Greensboro, NC.
      7029 Albert Pick Road, Greensboro, NC, 27409
      View Details
    • $12 SF/Yr
      3,500 SF

      Two-Story Office Building For Rent

      Two-story office building with on-site parking and signage opportunity.
      108 State Street, Greensboro, NC, 27408
      View Details
    • $18,930/Mo
      18,930 SF

      Greensboro Industrial Facility For Rent

      Versatile industrial space with warehouse and office components available for lease.
      161 S Walnut Cir, Greensboro, NC 27409
      View Details
    • Contact for pricing

      NC, Greensboro - 301 N Elm

      301 Elm St, Greensboro, NC 27401
      View Details
    • $18 SF/Yr
      2,324 SF

      Office

      3810-102 North Elm Street, Greensboro, NC, 27455
      View Details
    • $22 SF/Yr
      1,773 SF

      Conveniently Located Office Building

      Two-story office building near Friendly Shopping Center and Wesley Long Hospital.
      3608 West Friendly Avenue, Greensboro, NC, 27410
      View Details

    FAQs

    What type of property is this?
    Shopping center - Vintage buildings with diverse retail, office, and restaurant spaces.
    Where is this shopping center located?
    The property is located at 207 State Street Greensboro, NC.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Located in a growing and thriving retail, office, and residential area.; Situated in Old Irving Park, a cordial and relaxed neighborhood.; Features **35 unique shops, galleries, restaurants, and boutiques.**
    (336) 714-0385
    We can help!
    Listing Contact
    Lydia Whitley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    207 State Street, Greensboro, NC, 27408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!