Retail-Flex Corner
For Sale
$299,000
616 Guilford College Rd, Greensboro, NC 27409
Flex-style property configured as a fitness facility with open space, two offices, and two restrooms.
Property Size3,026 SF
Days on Market104
Property Features for 616 Guilford College Rd
General Information
Standard status
Active
Size
3,026 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Clear Height
14 ft
Building Details
Building Size
3,026 SF
Listing Agency:
Coldwell Banker Advantage
Listed By:
AUSTIN PETTY · License #301916
Source:
Commercialcafe
Added: Jul 13
Changed: Oct 15
Last Checked: Oct 23 at 3:28AM
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 Coldwell Banker Advantage
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail-flex property is currently configured as a fitness facility and offers expansive open space with 14-foot clear height, along with two private offices, two restrooms, and a reception area. Fitness equipment is available for purchase.
The property sits on a prominent corner within a business park just off I-40, providing convenient access for customers and employees.
The existing layout supports a range of retail, showroom, fitness, office, or service-oriented uses, with the combination of open area and private rooms supporting day-to-day operations.
The property sits on a prominent corner within a business park just off I-40, providing convenient access for customers and employees.
The existing layout supports a range of retail, showroom, fitness, office, or service-oriented uses, with the combination of open area and private rooms supporting day-to-day operations.
Key Highlights
- Flex‑style property currently configured as a fitness facility with expansive open space
- 14’ clear height throughout open area
- Includes reception area, two private offices, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,321
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,420
$286.4K
Cap Rate 7%
$204,586
$204.6K
Cap Rate 9%
$159,122
$159.1K
Market Conditions
NOI Build-Up for 3,026 SF
Gross rent
$21.8K $7.20/SF
− Vacancy
−$1.3K −$0.44/SF
EGI
$20.5K $6.76/SF
− OpEx
−$6.1K −$2.03/SF
NOI
$14.3K $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 Rate 5%
$286,420
Cap Rate 7%
$204,586
Cap Rate 9%
$159,122
Alternative Uses
Best Use
Industrial
$204.6K
$179.0K – $238.7K
NOI $14,321 @ 7.0% cap · market cap 4.79%
Second Best
Flex RnD
$190.0K
$166.2K – $221.6K
NOI $13,298 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$959.2K
$839.3K – $1.12M
NOI $67,145 @ 7.0% cap · market cap 22.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Dare To Flair Mixology & Events Services — 5613 Hornaday Rd UNIT B, Greensboro, NC 27409
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style property configured as a fitness facility with open space, two offices, and two restrooms.
Where is this flex space located?
The property is located at 616 Guilford College Rd Greensboro, NC.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Flex‑style property currently configured as a fitness facility with expansive open space; 14’ clear height throughout open area; Includes reception area, two private offices, and two restrooms
