Two-Suite Office
For Sale
$1,175,000
3311 Burlington Road #Suite A and B, Greensboro, NC 27405
PI-zoned office property with distinct work areas and additional lower-level space.
Property Size5,258 SF
Lot Size1.17 Acres
Price / SF$223.47
Days on Market190
Property Features for 3311 Burlington Road #Suite A and B
General Information
Standard status
Active
Size
5,258 SF
Lot size
1.17 Acres
Property subtype
Commercial
Zoning
PI
Additional Details
Condition
Built-Out
Road Access
Yes
Office Units
2
Property Use
Office
Building Details
Year Built
1979
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX REALTY CONSULTANTS
(336) 217-9300
Listed By:
Mary Beth B Powell · License #233426
(336) 613-5006
Source:
Egglestonrealestate
Added: Apr 18
Changed: Oct 23
Last Checked: Oct 23 at 4:41PM
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 RE/MAX REALTY CONSULTANTS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1979, this Greensboro office property contains 5,258 square feet of above-grade space in two connected suites. Both suites have reception areas, private offices, open work areas, conference space, and support areas. Suite A includes finished basement space, while Suite B has an unfinished basement that can serve storage needs or be considered for future build-out.
The property occupies approximately 1.17 acres along Burlington Road in Greensboro. Its two-suite arrangement allows the spaces to function separately within the connected building.
The property occupies approximately 1.17 acres along Burlington Road in Greensboro. Its two-suite arrangement allows the spaces to function separately within the connected building.
Key Highlights
- 5,258 square feet of above‑grade office space in two connected suites
- Both suites include reception areas, private offices, open work areas, conference space, and support areas
- Suite A has finished basement space; Suite B has an unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,915
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,438,300
$1.4M
Cap Rate 7%
$1,027,357
$1.0M
Cap Rate 9%
$799,056
$799.1K
Market Conditions
NOI Build-Up for 5,258 SF
Gross rent
$105.4K $20.04/SF
− Vacancy
−$9.5K −$1.80/SF
EGI
$95.9K $18.24/SF
− OpEx
−$24.0K −$4.56/SF
NOI
$71.9K $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%
$1,438,300
Cap Rate 7%
$1,027,357
Cap Rate 9%
$799,056
Alternative Uses
Best Use
Office B
$1.03M
$898.9K – $1.20M
NOI $71,915 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,672 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 27405, NC
51,506
Population
21,762
Households
2.4
Avg Household Size
34
Median Age
23%
College-Educated
84%
High-School Grad
31.4 sq mi
ZIP Area
1,640
Density / Sq Mi
$46,498
Median Household Income
$31,677
Median Earnings
$1,002
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - PI-zoned office property with distinct work areas and additional lower-level space.
Where is this office building located?
The property is located at 3311 Burlington Road #Suite A and B Greensboro, NC.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 5,258 square feet of above‑grade office space in two connected suites; Both suites include reception areas, private offices, open work areas, conference space, and support areas; Suite A has finished basement space; Suite B has an unfinished basement
