Office Suite with Private
For Sale
$189,000
5709 W Gate City Blvd, Greensboro, NC 27407
Office suite includes five private rooms, a lobby area, and a conference room.
Property Size948 SF
Price / SF$199.37
Days on Market246
Property Features for 5709 W Gate City Blvd
General Information
Standard status
Active
Size
948 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
MZ hOMES, LLC
Listed By:
Mona Joudeh Abuzuaiter
(336) 988-2434
Source:
Searchhomesinthetriad
Added: Jan 11
Changed: Sep 9
Last Checked: Sep 14 at 12:54PM
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 MZ hOMES, LLC
Investment Insights
Based on property information with market context.
This office suite offers a practical layout for a professional team, with five private office rooms, a welcoming lobby area, and a spacious conference room for meetings. The configuration supports both individual work and group collaboration within the suite.
The property is offered for sale as a commercial real estate office space on W Gate City Boulevard in Greensboro, NC. The listing describes the location as convenient and sought-after for office use.
For buyers seeking a ready-to-occupy office environment, this suite provides a defined mix of private offices, a shared entry/lobby area, and dedicated conference space.
The property is offered for sale as a commercial real estate office space on W Gate City Boulevard in Greensboro, NC. The listing describes the location as convenient and sought-after for office use.
For buyers seeking a ready-to-occupy office environment, this suite provides a defined mix of private offices, a shared entry/lobby area, and dedicated conference space.
Key Highlights
- Year built 2004 office suite
- Includes 5 private office rooms
- Features a welcoming lobby area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,966
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$259,320
$259.3K
Cap Rate 7%
$185,229
$185.2K
Cap Rate 9%
$144,067
$144.1K
Market Conditions
NOI Build-Up for 948 SF
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.
Gross rent
$19.0K $20.04/SF
− Vacancy
−$1.7K −$1.80/SF
EGI
$17.3K $18.24/SF
− OpEx
−$4.3K −$4.56/SF
NOI
$13.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$259,320
Cap Rate 7%
$185,229
Cap Rate 9%
$144,067
Alternative Uses
Best Use
Office B
$185.2K
$162.1K – $216.1K
NOI $12,966 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$300.5K
$263.0K – $350.6K
NOI $21,036 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 27407, NC
49,803
Population
23,861
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
88%
High-School Grad
29.4 sq mi
ZIP Area
1,694
Density / Sq Mi
$59,308
Median Household Income
$35,819
Median Earnings
$1,113
Median Rent
$203,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office suite includes five private rooms, a lobby area, and a conference room.
Where is this office units located?
The property is located at 5709 W Gate City Blvd Greensboro, NC.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Year built 2004 office suite; Includes 5 private office rooms; Features a welcoming lobby area
