Professional Office Building on
808 Greensboro Rd, High Point, NC
For Sale
Contact for pricing
Two-story, 6000 SF office building on 3.22 acres.
Property Size6,000 SF
Lot Size3.22 Acres
Price / SF$165.83
Days on Market994
Property Features for 808 Greensboro Rd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Lindsay Commercial Properties
(336) 886-1200
Listed By:
Mark Lindsay, CCIM · License NC #252010
(336) 692-5612
Source:
Moodyscre
Added: Feb 20, 2024
Changed: Oct 26
Last Checked: Nov 8 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 Lindsay Commercial Properties
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Investment Insights
Based on property information with market context.
Located in the rapidly developing Jamestown area along Greensboro Road, this two-story professional office building offers approximately 6000 square feet of space. The property includes approximately 3.22 acres of land, which could be considered for redevelopment or additional development.
Key Highlights
- +6000 sf professional office building
- Approx. 3.22 acres of land
- Opportunity for re‑development or additional development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,252
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,040
$1.7M
Cap Rate 7%
$1,203,600
$1.2M
Cap Rate 9%
$936,133
$936.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$130.3K $21.72/SF
− Vacancy
−$18.0K −$3.00/SF
EGI
$112.3K $18.72/SF
− OpEx
−$28.1K −$4.68/SF
NOI
$84.3K $14.04/SF
Area
High Point, NC
Vacancy
13.80%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,040
Cap Rate 7%
$1,203,600
Cap Rate 9%
$936,133
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,252 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,240 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
208
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Business Placement
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Market
Properties on Market for Office buildings in Guilford County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 6000 SF office building on 3.22 acres.
Where is this office building located?
The property is located at 808 Greensboro Rd High Point, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: +6000 sf professional office building; Approx. 3.22 acres of land; Opportunity for re‑development or additional development
