Warehouse Showroom Flex
For Sale
Contact for pricing
210 Stage Coach Trail, Greensboro, NC 27409
A showroom-led flex building with dock-high loading and clear-height ranges for industrial distribution and light manufacturing uses.
Property Size61,882 SF
Price / SF$88.07
Days on Market75
Property Features for 210 Stage Coach Trail
General Information
Standard status
Active
Size
61,882 SF
Class
C
Total Parking Spaces
48
Property subtype
Retail, Industrial, Mixed Use
Zoning
Commercial Manufacturing C-M
Warehouse & Industrial
Clear Height
21 ft
Dock-High Doors
6
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Year Renovated
2002
Units
48
Listing Agency:
Simpson Commercial Real Estate
(336) 209-1622
Listed By:
Charles Wright · License #306888
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Aug 9 at 10:03AM
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 Simpson Commercial Real Estate
Investment Insights
Based on property information with market context.
This property is a combined showroom and warehouse facility constructed with multiple phases that connect into one continuous layout. It totals approximately 61,882 SF and includes about 2,200 SF of office space within the original showroom area, with additional office areas throughout the warehouse for support functions. Ceiling height varies, with roughly 13'8" clear in the original showroom section and up to 21' clear in the center portion of the warehouse, supporting a range of uses from floor-level showroom operations to warehouse distribution.
The warehouse portion is supported by six 10' dock-high loading doors and a 30' x 42' column spacing configuration, providing an efficient, repeatable grid for storage and operations. The facility is positioned near Piedmont Triad International Airport and is approximately one-half mile from Interstate 840, supporting convenient connectivity to the broader Triad market area.
Designed with flexibility in mind, the building can potentially be subdivided for multiple tenants, making it well-suited for owner-users or investors seeking a single site with both customer-facing showroom space and functional warehouse space. The combination of loading capacity, clear height, and available office areas supports showroom, distribution, or industrial users looking for an adaptable footprint.
The warehouse portion is supported by six 10' dock-high loading doors and a 30' x 42' column spacing configuration, providing an efficient, repeatable grid for storage and operations. The facility is positioned near Piedmont Triad International Airport and is approximately one-half mile from Interstate 840, supporting convenient connectivity to the broader Triad market area.
Designed with flexibility in mind, the building can potentially be subdivided for multiple tenants, making it well-suited for owner-users or investors seeking a single site with both customer-facing showroom space and functional warehouse space. The combination of loading capacity, clear height, and available office areas supports showroom, distribution, or industrial users looking for an adaptable footprint.
Key Highlights
- 61,882± SF facility built in 1989, expanded with a 23,400± SF rear warehouse
- Clear heights range from approx. 13'8" clear (showroom) to 21' clear (warehouse center)
- Warehouse includes six (6) 10' dock‑high loading doors plus 30' x 42' column spacing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$355,616
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,112,320
$7.1M
Cap Rate 7%
$5,080,229
$5.1M
Cap Rate 9%
$3,951,289
$4.0M
Market Conditions
NOI Build-Up for 61,882 SF
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.
Gross rent
$445.6K $7.20/SF
− Vacancy
−$27.2K −$0.44/SF
EGI
$418.4K $6.76/SF
− OpEx
−$62.8K −$1.01/SF
NOI
$355.6K $5.75/SF
Area
Greensboro, NC
Vacancy
6.10%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,112,320
Cap Rate 7%
$5,080,229
Cap Rate 9%
$3,951,289
Alternative Uses
Best Use
Retail
$9.99M
$8.74M – $11.66M
NOI $699,403 @ 7.0% cap · market cap 12.83%
Second Best
Warehouse
$5.08M
$4.45M – $5.93M
NOI $355,616 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$19.62M
$17.16M – $22.89M
NOI $1,373,127 @ 7.0% cap · market cap 25.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21 ft
Clear height
6
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27409, NC
17,378
Population
9,616
Households
1.8
Avg Household Size
36
Median Age
38%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
873
Density / Sq Mi
$57,862
Median Household Income
$40,298
Median Earnings
$1,173
Median Rent
$189,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A showroom-led flex building with dock-high loading and clear-height ranges for industrial distribution and light manufacturing uses.
Where is this flex space located?
The property is located at 210 Stage Coach Trail Greensboro, NC.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: 61,882± SF facility built in 1989, expanded with a 23,400± SF rear warehouse; Clear heights range from approx. 13'8" clear (showroom) to 21' clear (warehouse center); Warehouse includes six (6) 10' dock‑high loading doors plus 30' x 42' column spacing
