Two-Building Industrial
For Sale
Contact for pricing
600 S Edwardia Dr., Greensboro, NC 27409
Established infill industrial asset with Heavy Industrial zoning and convenient access to major Greensboro corridors.
Property Size6,960 SF
Lot Size0.38 Acres
Price / SF$100
Days on Market8
Property Features for 600 S Edwardia Dr.
General Information
Standard status
Active
Size
6,960 SF
Class
C
Lot size
0.38 Acres
Property subtype
Industrial
Zoning
Heavy Industrial
Building Details
Year Built
1972
Buildings
2
Listing Agency:
Simpson Commercial Real Estate
Listed By:
Ben Cain · License #363047
Source:
Crexi
Added: Aug 11
Changed: Aug 18
Last Checked: Aug 18 at 6:31AM
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 Simpson Commercial Real Estate
Investment Insights
Based on property information with market context.
This industrial property comprises two buildings totaling 6,960 square feet on approximately 0.38 acres. Constructed in 1972, the asset is zoned Heavy Industrial and offers a compact configuration suited to industrial and service-oriented operations.
The property is located on S. Edwardia Drive in Greensboro’s Central Guilford submarket, an established infill area with small-bay industrial and service users along the street. Access to I-40, Wendover Avenue, Bryan Boulevard, and Guilford College Road is within a few minutes, while Piedmont Triad International Airport is roughly five miles away.
The property is located on S. Edwardia Drive in Greensboro’s Central Guilford submarket, an established infill area with small-bay industrial and service users along the street. Access to I-40, Wendover Avenue, Bryan Boulevard, and Guilford College Road is within a few minutes, while Piedmont Triad International Airport is roughly five miles away.
Key Highlights
- Two buildings totaling ±6,960 SF
- ±0.38‑acre industrial property
- Heavy Industrial zoning
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
$32,939
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
4.73%
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%
$658,780
$658.8K
Cap Rate 7%
$470,557
$470.6K
Cap Rate 9%
$365,989
$366.0K
Market Conditions
NOI Build-Up for 6,960 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
$50.1K $7.20/SF
− Vacancy
−$3.1K −$0.44/SF
EGI
$47.1K $6.76/SF
− OpEx
−$14.1K −$2.03/SF
NOI
$32.9K $4.73/SF
Area
Greensboro, NC
Vacancy
6.10%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
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%
$658,780
Cap Rate 7%
$470,557
Cap Rate 9%
$365,989
Alternative Uses
Best Use
Industrial
$470.6K
$411.7K – $549.0K
NOI $32,939 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,439 @ 7.0% cap · market cap 22.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
Business Placement
Demographics for 27409, NC
17,378
Population
9,616
Households
1.8
Avg Household Size
36
Median Age
38%
College-Educated
96%
High-School Grad
19.9 sq mi
ZIP Area
873
Density / Sq Mi
$57,862
Median Household Income
$40,298
Median Earnings
$1,173
Median Rent
$189,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Established infill industrial asset with Heavy Industrial zoning and convenient access to major Greensboro corridors.
Where is this industrial property located?
The property is located at 600 S Edwardia Dr. Greensboro, NC.
What is the asking price?
The asking price for this property is $696,000.
What are key features of this property?
This property features: Two buildings totaling ±6,960 SF; ±0.38‑acre industrial property; Heavy Industrial zoning
