Office Space with Abundant Natural
New
For Sale
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409 W Fisher Ave, Greensboro, NC 27401
Bright downtown office space with abundant natural light and convenient on-site parking for professional users.
Property Size1,760 SF
Price / SF$226.70
Days on Market4
Property Features for 409 W Fisher Ave
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Retail, Office, Mixed Use
Additional Details
Asking Price
$399,000
Building Details
Year Built
1922
Listing Agency:
Guilford Realty Group.
(336) 574-1343
Listed By:
Rebecca Carter · License #333430
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 6:33AM
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 Guilford Realty Group.
Investment Insights
Based on property information with market context.
Beautiful office space in downtown Greensboro offers abundant natural light and a professional, welcoming atmosphere. The property includes 1,760 SF of office space and convenient on-site parking for daily access.
Built in 1922, the building provides a classic downtown setting with easy access to downtown amenities, restaurants, and surrounding neighborhoods. The layout is positioned for professional services, creative businesses, and boutique office users.
The space is available for lease or for sale.
Built in 1922, the building provides a classic downtown setting with easy access to downtown amenities, restaurants, and surrounding neighborhoods. The layout is positioned for professional services, creative businesses, and boutique office users.
The space is available for lease or for sale.
Key Highlights
- 1,760 SF of office space in downtown Greensboro
- Abundant natural light throughout the office
- Convenient on‑site parking
Financial Insights For Office B
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 | $35.3k | $20.04 |
| − Vacancy | −$3.2k | −$1.80 |
| EGI | $32.1k | $18.24 |
| − OpEx | −$8.0k | −$4.56 |
| NOI | $24.1k | $13.68 |
1,760 SF · lease $20.04/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$343.9K
$300.9K – $401.2K
NOI $24,072 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.9K
$488.2K – $650.9K
NOI $39,053 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 27401, NC
21,854
Population
9,650
Households
2.3
Avg Household Size
29
Median Age
32%
College-Educated
85%
High-School Grad
5.8 sq mi
ZIP Area
3,768
Density / Sq Mi
$44,524
Median Household Income
$22,542
Median Earnings
$883
Median Rent
$138,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Bright downtown office space with abundant natural light and convenient on-site parking for professional users.
Where is this office units located?
The property is located at 409 W Fisher Ave Greensboro, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,760 SF of office space in downtown Greensboro; Abundant natural light throughout the office; Convenient on‑site parking
