Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    406 Edwardia Dr Greensboro, NC 27409

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent with convenient access to I-40.

    Property Features for 406 Edwardia Dr

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jordan Mitchell
    Jordan Mitchell
    Source: Crexi

    Listing Agency: Cushman & Wakefield | Greensboro Listing Agent: Jordan Mitchell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space Near Wendover Avenue

    This office space is located off Wendover Avenue, offering convenient access to I-40. The layout includes a reception area, a break room, and private offices. Electrical service is provided by Duke Energy, and the property is serviced by Piedmont Natural Gas and City of Greensboro water and sewer. The property is professionally managed.
    Location Intelligence

    Current Use by Public Records

    Baking Soda TV Marketing & Advertising Elite Car Insurance ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.884114
    Latitude
    36.0645216

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      NC, Greensboro - 301 N Elm

      Workspaces, services and support to help you work better in NY, Amherst - 251 John James Audubon
      301 Elm St, Greensboro, NC 27401
      View Details
    • Contact for pricing

      NC, Greensboro - Weybridge Ln

      Workspaces, services and support to help you work better in NC, Greensboro - Weybridge Ln
      4510 Weybridge Ln, Greensboro, NC 27407
      View Details
    • Contact for pricing

      NC, Greensboro - W Friendly Ave

      Workspaces, services and support to help you work better in NC, Greensboro - W Friendly Ave
      516 Friendly Ave, Greensboro, NC 27401
      View Details
    • Contact for pricing

      Green Valley Office Park

      Discover many ways to work your way in Green Valley Office Park
      717 Green Valley Rd, Greensboro, NC 27408
      View Details
    • Contact for pricing
      120,286 SF

      Class A Office Tower

      Prominent 21-story office building in Downtown Greensboro's Business District.
      300 North Greene St, Greensboro, NC 27401
      View Details
    • $20 SF/Yr
      4,336 SF

      Greensboro Office Space Available

      4,336 SF office space for lease in Greensboro, NC.
      7029 Albert Pick Rd, Greensboro, NC 27409
      View Details
    • Contact for pricing
      67,726 SF

      Downtown Greensboro Office Space Available

      Newly renovated office space in downtown Greensboro's Central Business District.
      301 North Elm St, Greensboro, NC 27401
      View Details
    • $12 SF/Yr
      3,500 SF

      Two-Story Office Building For Rent

      Two-story office building with on-site parking and signage opportunity.
      108 State St, Greensboro, NC 27408
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Space on Gallimore Dairy

      20,000 SF industrial space with highway access.
      496 Gallimore Dairy Rd, Greensboro, NC 27409
      View Details
    • Contact for pricing
      1,200 SF

      Greensboro Office Space For Rent

      Centrally located office space in Northwest Greensboro with flexible terms.
      1903 Ashwood Ct, Greensboro, NC 27455
      View Details
    • Contact for pricing

      Retail Space in Garden Creek

      Retail space available in Garden Creek Shopping Center.
      1641 New Garden Rd, Greensboro, NC 27410
      View Details
    • Contact for pricing
      8,610 SF

      Class A Flex Warehouse Space

      Flex/warehouse park with dock doors, drive-in doors, and storefronts.
      7341-7355 West Friendly Ave, Greensboro, NC 27409
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with convenient access to I-40.
    Where is this office units located?
    The property is located at 406 Edwardia Dr Greensboro, NC.
    What are key features of this property?
    This property features: - Outstanding location off Wendover Ave with great proximity to I-40.; - Professionally managed.; - Layout includes reception area, break room, and private offices.
    (336) 201-0495
    Request Owner's contact information
    406 Edwardia Dr Greensboro, NC 27409
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    406 Edwardia Dr
    Greensboro, NC 27409
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    406 Edwardia Dr Greensboro, NC 27409
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jordan Mitchell
    Jordan Mitchell
    Real Estate License ID: 336199
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!