Flex Industrial Building with
For Sale
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2810 TWINING RD, Greensboro, NC 27406
Newer 30,000 SF flex/industrial facility with 6,500 SF conditioned offices and high-clear warehouse space plus dock and drive-in access.
Property Size30,000 SF
Lot Size5.77 Acres
Price / SF$206.67
Days on Market72
Property Features for 2810 TWINING RD
General Information
Standard status
Active
Size
30,000 SF
Class
A
Total Parking Spaces
15
Lot size
5.77 Acres
Property subtype
Industrial
Zoning
LI
Lease Type
Modified Gross
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
28 ft
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
2022
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
McGee Commerical Real Estate
Listed By:
Tim McGee · License #NC 270174
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Aug 8 at 7:49AM
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.
Constructed in 2022, this flex/industrial building combines 6,500 SF of conditioned office space with a 23,500 SF warehouse designed for material handling and storage. The office area includes two executive offices, eleven private offices, four oversized multi-functional rooms, a staff break room, and two bathrooms. The warehouse offers 28’ clear heights and LED lighting, supported by a wet sprinkler system with a riser located in the SE corner. Loading access includes two 10’H x 9’W dock doors and one 14’H x 12’W drive-in door with a concrete entry ramp. The warehouse is serviced by two gas heaters, with a fan and louvers for cooling. Electrical includes 277/480 V 3-phase service with two 120/208 V subpanels, and four American Standard 5-ton AC units support the office area. An ADT security system is in place and would remain.
The property sits on 5.77 acres with a prepared site plan for an additional 40,000 SF expansion. It is located adjacent to Hwy 421, which the remarks note as 20,000 VPD, and provides quick access to I-40 (1.5 miles) and I-85 (2.5 miles). The asset is described as being 4 miles south of downtown Greensboro and 12 miles north of the new Toyota EV Battery Plant in Liberty. The site is zoned Light Industrial and includes water and sewer through Greensboro Water Resources. Parking in front features two handicap-accessible spaces and 13 additional lined spaces.
This configuration suits tenants seeking a functional combination of office and warehouse operations, with high-clear interior volume, dock and drive-in loading, and dedicated conditioned workspace for day-to-day management. With available expansion planning on-site, the property can also support users who anticipate adding future facilities while remaining on the same Light Industrial-zoned campus.
The property sits on 5.77 acres with a prepared site plan for an additional 40,000 SF expansion. It is located adjacent to Hwy 421, which the remarks note as 20,000 VPD, and provides quick access to I-40 (1.5 miles) and I-85 (2.5 miles). The asset is described as being 4 miles south of downtown Greensboro and 12 miles north of the new Toyota EV Battery Plant in Liberty. The site is zoned Light Industrial and includes water and sewer through Greensboro Water Resources. Parking in front features two handicap-accessible spaces and 13 additional lined spaces.
This configuration suits tenants seeking a functional combination of office and warehouse operations, with high-clear interior volume, dock and drive-in loading, and dedicated conditioned workspace for day-to-day management. With available expansion planning on-site, the property can also support users who anticipate adding future facilities while remaining on the same Light Industrial-zoned campus.
Key Highlights
- 30,000 SF flex/industrial building built in 2022 on 5.77 acres with prepared site plan for an additional 40,000 SF expansion
- 6,500 SF conditioned offices with two executive offices, eleven private offices, four multi‑functional rooms, staff break room, and two bathrooms
- 23,500 SF warehouse with 28’ clear heights, LED lighting, two 10’H x 9’W dock doors, and one 14’H x 12’W drive‑in door
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
$410,319
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
6.62%
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%
$8,206,380
$8.2M
Cap Rate 7%
$5,861,700
$5.9M
Cap Rate 9%
$4,559,100
$4.6M
Market Conditions
NOI Build-Up for 30,000 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
$601.2K $20.04/SF
− Vacancy
−$54.1K −$1.80/SF
EGI
$547.1K $18.24/SF
− OpEx
−$136.8K −$4.56/SF
NOI
$410.3K $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 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%
$8,206,380
Cap Rate 7%
$5,861,700
Cap Rate 9%
$4,559,100
Alternative Uses
Best Use
Office B
$5.86M
$5.13M – $6.84M
NOI $410,319 @ 7.0% cap · market cap 6.62%
Second Best
Warehouse
$2.46M
$2.16M – $2.87M
NOI $172,400 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$9.51M
$8.32M – $11.09M
NOI $665,683 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28 ft
Clear height
2
Dock-high doors
1
Drive-in doors
20,000 VPD
Traffic count
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27406, NC
61,597
Population
28,080
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
69.4 sq mi
ZIP Area
888
Density / Sq Mi
$56,748
Median Household Income
$37,095
Median Earnings
$1,103
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Newer 30,000 SF flex/industrial facility with 6,500 SF conditioned offices and high-clear warehouse space plus dock and drive-in access.
Where is this flex space located?
The property is located at 2810 TWINING RD Greensboro, NC.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: 30,000 SF flex/industrial building built in 2022 on 5.77 acres with prepared site plan for an additional 40,000 SF expansion; 6,500 SF conditioned offices with two executive offices, eleven private offices, four multi‑functional rooms, staff break room, and two bathrooms; 23,500 SF warehouse with 28’ clear heights, LED lighting, two 10’H x 9’W dock doors, and one 14’H x 12’W drive‑in door
