Renovated Warehouse with
2329 JOE BROWN DR Greensboro, NC 27405
For Sale
Contact for pricing
Renovated 18,750 SF warehouse with fenced gravel yard, dock access, and conditioned 480 SF office.
Property Size18,750 SF
Lot Size1.69 Acres
Price / SF$85.33
Days on Market17
Property Features for 2329 JOE BROWN DR
General Information
- Standard status
- Active
- Size
- 18,750 SF
- Lot size
- 1.69 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing Agency:
McGee Commerical Real Estate
Listed By:
Tim McGee · License #NC 270174
Source:
Crexi
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 23 at 3:25AM
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 McGee Commerical Real Estate
Investment Insights
Based on property information with market context.
This warehouse property includes an 18,750 SF building with 15’ clear height, recently renovated with a new corrugated metal roof, replaced interior insulation in 2026, and LED lighting installed throughout the warehouse. The conditioned 480 SF office area is served by a heat pump. Power is available with 400 AMP, 240-V, three-phase service.
The site sits on a 1.69 fenced lot with a .4-acre gravel yard and dock access on the east side. There is a single front drive-in door near Joe Brown Drive measuring 14’ H x 24’ W, plus a rear dock door measuring 14’ H x 11’ W. Four side dock doors measure 12’ H x 10’ W. The area closest to Joe Brown Drive features concrete slab floors.
An original 7,750 SF building is located in the rear, with wood flooring over a crawl space. Access is available from Hwy-29 in NE Greensboro.
The site sits on a 1.69 fenced lot with a .4-acre gravel yard and dock access on the east side. There is a single front drive-in door near Joe Brown Drive measuring 14’ H x 24’ W, plus a rear dock door measuring 14’ H x 11’ W. Four side dock doors measure 12’ H x 10’ W. The area closest to Joe Brown Drive features concrete slab floors.
An original 7,750 SF building is located in the rear, with wood flooring over a crawl space. Access is available from Hwy-29 in NE Greensboro.
Key Highlights
- 18,750 SF warehouse with 15’ clear height on a 1.69‑acre fenced lot off Joe Brown Dr in NE Greensboro
- Dock‑access site with .4‑acre gravel yard and east‑side dock access
- Loading includes a front drive‑in door (14’H x 24’W), rear dock door (14’H x 11’W), and four side dock doors (12’H x 10’W)
Financial Insights For Warehouse
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 | $135.0k | $7.20 |
| − Vacancy | −$8.2k | −$0.44 |
| EGI | $126.8k | $6.76 |
| − OpEx | −$19.0k | −$1.01 |
| NOI | $107.8k | $5.75 |
18,750 SF · lease $7.20/SF/yr · vacancy 6.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,750 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.94M
$5.20M – $6.93M
NOI $416,052 @ 7.0% cap · market cap 26.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Public Storage — 3206 N O.Henry Blvd, Greensboro, NC 27405
- Mobile on the Spot Storage — 3246 N O.Henry Blvd, Greensboro, NC 27405
FAQs
What type of property is this?
Warehouse - Renovated 18,750 SF warehouse with fenced gravel yard, dock access, and conditioned 480 SF office.
Where is this warehouse located?
The property is located at 2329 JOE BROWN DR Greensboro, NC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 18,750 SF warehouse with 15’ clear height on a 1.69‑acre fenced lot off Joe Brown Dr in NE Greensboro; Dock‑access site with .4‑acre gravel yard and east‑side dock access; Loading includes a front drive‑in door (14’H x 24’W), rear dock door (14’H x 11’W), and four side dock doors (12’H x 10’W)
