Two-Suite Office
For Sale
$1,175,000
3311 Burlington Road Suite B Unit Suite A and B, Greensboro, NC 27405
Separate suite entrances and varied interior work areas support occupancy by one business or multiple users.
Property Size5,258 SF
Lot Size1.17 Acres
Price / SF$223.47
Days on Market196
Property Features for 3311 Burlington Road Suite B Unit Suite A and B
General Information
Standard status
Active
Size
5,258 SF
Lot size
1.17 Acres
Property subtype
Office
Additional Details
Office Units
2
Building Details
Building Size
5,258 SF
Year Built
1979
Listing Agency:
RE/MAX Realty Consultants
(336) 217-9300
Listed By:
Mary Beth Powell · License #233426
(336) 613-5006
Source:
Beaconpointrealty
Added: Apr 18
Changed: Oct 27
Last Checked: Oct 26 at 3:39PM
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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Investment Insights
Based on property information with market context.
This office property contains 5,258 square feet of above-grade space in two connected yet separately configured suites. Interior areas include reception, private offices, open work zones, conference rooms, and support space. Both suites have basement areas: the lower level in Suite A is finished, while Suite B’s basement is unfinished. The building dates to 1979.
The property occupies approximately 1.17 acres along Burlington Road in Greensboro, North Carolina, with on-site parking. The two-suite arrangement allows the spaces to be used independently, while the differing basement finishes provide distinct options for the lower-level areas.
The property occupies approximately 1.17 acres along Burlington Road in Greensboro, North Carolina, with on-site parking. The two-suite arrangement allows the spaces to be used independently, while the differing basement finishes provide distinct options for the lower-level areas.
Key Highlights
- 5,258 square feet of above‑grade office space
- Two connected suites with separate configurations
- Suite A includes 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
Location Intelligence
Trade Area within ½ mile
217
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 - Separate suite entrances and varied interior work areas support occupancy by one business or multiple users.
Where is this office building located?
The property is located at 3311 Burlington Road Suite B Unit 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; Two connected suites with separate configurations; Suite A includes finished basement space; Suite B has an unfinished basement
