Commercial Land with
For Sale
Contact for pricing
322 Greenoak Drive, Archdale, NC 27263
Commercial parcel with an existing shop, drive-in access, municipal utilities, and automotive-oriented improvements.
Property Size2,950 SF
Price / SF$81.36
Days on Market57
Property Features for 322 Greenoak Drive
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Land
Investment Type
Owner/User
Building Details
Buildings
1
Listing Agency:
Oakdale Commercial Properties
Listed By:
Thomas Jarrell · License #NC 324596
Source:
Crexi
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 16 at 6:59AM
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 Oakdale Commercial Properties
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 commercial land offering includes a 2,950-square-foot shop building with drive-in access, open work space, natural light, and an exterior automotive lift. The existing improvements convey with the land, providing an established physical setup for commercial or automotive-related operations.
Located on Greenoak Drive in Archdale, North Carolina, the property is served by city water and sewer. The combination of usable land, an existing shop structure, and functional access supports immediate use while retaining flexibility for future repositioning.
Located on Greenoak Drive in Archdale, North Carolina, the property is served by city water and sewer. The combination of usable land, an existing shop structure, and functional access supports immediate use while retaining flexibility for future repositioning.
Key Highlights
- 0.65‑acre commercial parcel on Greenoak Drive
- 2,950‑square‑foot shop building included with the land
- Drive‑in access and open work space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,496
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,920
$269.9K
Cap Rate 7%
$192,800
$192.8K
Cap Rate 9%
$149,956
$150.0K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$20.5K $6.96/SF
− Vacancy
−$1.3K −$0.42/SF
EGI
$19.3K $6.54/SF
− OpEx
−$5.8K −$1.96/SF
NOI
$13.5K $4.57/SF
Area
Guilford County, NC
Vacancy
6.10%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,920
Cap Rate 7%
$192,800
Cap Rate 9%
$149,956
Alternative Uses
Best Use
Retail
$384.9K
$336.8K – $449.0K
NOI $26,942 @ 7.0% cap · market cap 11.23%
Second Best
Industrial
$192.8K
$168.7K – $224.9K
NOI $13,496 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$591.8K
$517.8K – $690.4K
NOI $41,426 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Apparel 16%
Circle K
Shops & Services
10,067 visits/mo
0.4 miles
BP
Shops & Services
8,759 visits/mo
0.4 miles
Wells Fargo
Shops & Services
7,288 visits/mo
0.5 miles
Goodwill
Apparel
6,442 visits/mo
0.4 miles
PNC Bank
Shops & Services
3,652 visits/mo
0.4 miles
Demographics for 27263, NC
21,613
Population
8,938
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
82%
High-School Grad
39.0 sq mi
ZIP Area
554
Density / Sq Mi
$52,637
Median Household Income
$33,637
Median Earnings
$924
Median Rent
$171,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial parcel with an existing shop, drive-in access, municipal utilities, and automotive-oriented improvements.
Where is this commercial land located?
The property is located at 322 Greenoak Drive Archdale, NC.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 0.65‑acre commercial parcel on Greenoak Drive; 2,950‑square‑foot shop building included with the land; Drive‑in access and open work space
