Naturally Lit Office
411 W Fisher Ave, Greensboro, NC 27401
For Sale
Contact for pricing
A professional workspace in downtown Greensboro offers convenient reach to local amenities and restaurants.
Property Size1,650 SF
Price / SF$209.09
Days on Market21
Property Features for 411 W Fisher Ave
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Property Use
Listing Agency:
Guilford Realty Group.
Listed By:
Wayne Troxler
(336) 574-1343
Source:
Crexi
Added: Oct 22
Changed: Nov 10
Last Checked: Nov 10 at 2:24PM
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.
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Investment Insights
Based on property information with market context.
This office property provides approximately 1,650 square feet of workspace with abundant natural light. Its professional character suits a range of office settings.
Located at 411 W. Fisher Ave in Greensboro’s Fisher Park neighborhood, the property offers convenient access to downtown amenities, restaurants, and nearby neighborhoods.
Located at 411 W. Fisher Ave in Greensboro’s Fisher Park neighborhood, the property offers convenient access to downtown amenities, restaurants, and nearby neighborhoods.
Key Highlights
- Approximately 1,650 SF of office space
- Abundant natural light
- Located at 411 W. Fisher Ave in Greensboro’s Fisher Park neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,568
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,360
$451.4K
Cap Rate 7%
$322,400
$322.4K
Cap Rate 9%
$250,756
$250.8K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$33.1K $20.04/SF
− Vacancy
−$3.0K −$1.80/SF
EGI
$30.1K $18.24/SF
− OpEx
−$7.5K −$4.56/SF
NOI
$22.6K $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%
$451,360
Cap Rate 7%
$322,400
Cap Rate 9%
$250,756
Alternative Uses
Best Use
Office B
$322.4K
$282.1K – $376.1K
NOI $22,568 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.0K
$457.7K – $610.2K
NOI $36,613 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,626
Businesses Nearby
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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
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Market
Properties on Market for Office Units in Greensboro
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A professional workspace in downtown Greensboro offers convenient reach to local amenities and restaurants.
Where is this office unit located?
The property is located at 411 W Fisher Ave Greensboro, NC.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Approximately 1,650 SF of office space; Abundant natural light; Located at 411 W. Fisher Ave in Greensboro’s Fisher Park neighborhood
