Two-Story Office
227 Commerce Place, Greensboro, NC 27401
For Sale
Contact for pricing
The office property sits at a downtown Greensboro intersection.
Property Size30,213 SF
Lot Size1.63 Acres
Price / SF$201.90
Days on Market14
Property Features for 227 Commerce Place
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Brown Investment Properties, Inc.
Listed By:
Doug Fogartie · License #North Carolina22756
(919) 605-6093
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 5:59PM
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 Brown Investment Properties, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building contains 30,213 square feet and occupies a 1.63-acre site. It stands at the junction of Commerce Place and Bellmeade Street in downtown Greensboro, North Carolina.
Key Highlights
- 30,213‑square‑foot office building
- Two‑story configuration
- Occupies 1.63 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$413,232
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,264,640
$8.3M
Cap Rate 7%
$5,903,314
$5.9M
Cap Rate 9%
$4,591,467
$4.6M
Market Conditions
NOI Build-Up for 30,213 SF
Gross rent
$605.5K $20.04/SF
− Vacancy
−$54.5K −$1.80/SF
EGI
$551.0K $18.24/SF
− OpEx
−$137.7K −$4.56/SF
NOI
$413.2K $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%
$8,264,640
Cap Rate 7%
$5,903,314
Cap Rate 9%
$4,591,467
Alternative Uses
Best Use
Office B
$5.90M
$5.17M – $6.89M
NOI $413,232 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.58M
$8.38M – $11.17M
NOI $670,410 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,001
Businesses Nearby
Explore this area
Business Placement
Demographics for 27401, NC
21,854
Population
9,650
Households
2.3
Avg Household Size
29
Median Age
32%
College-Educated
85%
High-School Grad
5.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$44,524
Median Household Income
$22,542
Median Earnings
$883
Median Rent
$138,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Guilford County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The office property sits at a downtown Greensboro intersection.
Where is this office building located?
The property is located at 227 Commerce Place Greensboro, NC.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 30,213‑square‑foot office building; Two‑story configuration; Occupies 1.63 acres
