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    1042 Lindsay St Greensboro, NC 27405

    Sponsored
    For Sale
    $910,000

    Prime Greensboro location, 5,000 SF flex space, 100% occupied.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 5,000 square foot flex/warehouse building situated on a 0.26-acre lot at 1042 E. Lindsay Street in Greensboro, North Carolina, 27405. The single-story building boasts a highly desirable location at the corner of Wendover Avenue and Lindsay Street, offering excellent visibility and convenient access. Currently operating at 100% occupancy, the property is leased to three diverse tenants: an upholsterer, a custom glass shop, and a car salesperson, generating a current 7.3% capitalization rate with potential for future growth. The building features one loading dock and a drive-in door, making it suitable for a variety of uses. Recent renovations enhance its appeal. Its proximity to Highway 29 (within two blocks) and less than two miles from Downtown Greensboro provides unparalleled accessibility. The asking price is $910,000, translating to $182 per square foot. This property is ideal for both investors seeking strong cash flow and owner-occupiers looking for a versatile space. The building's current tenant mix provides a stable income stream, while its location and features offer significant upside potential.

    Property Features for 1042 Lindsay St

    General Information

    Property type
    Distribution properties
    Square Feet
    5,000 SF
    Lot Size
    11,326 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 5,000 SF flex/warehouse building on a 0.26‑acre lot in Greensboro, NC.
    • Located at a high‑visibility corner with excellent access.
    • 100% occupancy with three diverse tenants, generating a 7.3% cap rate.
    • Features one loading dock and a drive‑in door.
    • Recently renovated and priced at $910,000 ($182/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Glass and Martinez Insurance Attorney Advance Clean Dumpster ... Garbage Collection Service NC Mold Testing ... Water Damage Restoration Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7691587
    Latitude
    36.0873726

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    FAQs

    What type of property is this?
    Distribution property - Prime Greensboro location, 5,000 SF flex space, 100% occupied.
    Where is this distribution property located?
    The property is located at 1042 Lindsay St Greensboro, NC.
    What is the asking price?
    The asking price for this property is $910,000.
    What are key features of this property?
    This property features: 5,000 SF flex/warehouse building on a 0.26-acre lot in Greensboro, NC.; Located at a high-visibility corner with excellent access.; 100% occupancy with three diverse tenants, generating a 7.3% cap rate.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1042 Lindsay St Greensboro, NC 27405
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