Flex Space Building with Fitness
For Sale
Contact for pricing
616 Guilford College Rd, Greensboro, NC 27409
Currently configured as a fitness facility with expansive open space and 14’ clear height.
Property Size3,026 SF
Price / SF$98.81
Days on Market71
Property Features for 616 Guilford College Rd
General Information
Standard status
Active
Size
3,026 SF
Property subtype
FLEX_R_AND_D
Additional Details
Highway Access
Yes
Clear Height
14 ft
Listing Agency:
Coldwell Banker Commercial Triad - High Point
(336) 669-5866
Listed By:
Austin K. Petty
(336) 669-5866
Source:
Moodyscre
Added: May 21
Changed: Jul 29
Last Checked: Jul 29 at 2:57AM
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 Commercial Triad - High Point
Investment Insights
Based on property information with market context.
The property at 616 Guilford College Rd is a flex space currently configured as a fitness facility. The interior includes expansive open space with 14’ clear height, a welcoming reception area, two private offices, and two restrooms, providing a flexible layout that can support a range of retail, showroom, fitness, office, or service-oriented uses.
Set just off I-40 in one of Greensboro’s active corridors, the building is positioned on a prominent corner within a business park. The location is described as offering excellent accessibility, along with strong surrounding traffic counts and proximity to major retailers, restaurants, and entertainment destinations.
Set just off I-40 in one of Greensboro’s active corridors, the building is positioned on a prominent corner within a business park. The location is described as offering excellent accessibility, along with strong surrounding traffic counts and proximity to major retailers, restaurants, and entertainment destinations.
Key Highlights
- Flex/retail space currently configured as a fitness facility with expansive open space
- 14 27 clear height
- Includes a reception area, two private offices, and two restrooms
Financial Insights For Industrial
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 | $21.8k | $7.20 |
| − Vacancy | −$1.3k | −$0.44 |
| EGI | $20.5k | $6.76 |
| − OpEx | −$6.1k | −$2.03 |
| NOI | $14.3k | $4.73 |
3,026 SF · lease $7.20/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Office B
$591.3K
$517.4K – $689.8K
NOI $41,388 @ 7.0% cap · market cap 13.84%
Second Best
Industrial
$204.6K
$179.0K – $238.7K
NOI $14,321 @ 7.0% cap · market cap 4.79%
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.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
514
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Currently configured as a fitness facility with expansive open space and 14’ clear height.
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/retail space currently configured as a fitness facility with expansive open space; 1427 clear height; Includes a reception area, two private offices, and two restrooms
