Versatile Industrial Warehouse
946 S Chapman St, Greensboro, NC 27403
For Sale
Contact for pricing
A flexible warehouse for distribution or storage needs, supported by GB zoning for adaptable operating options.
Property Size4,218 SF
Price / SF$141.06
Days on Market147
Property Features for 946 S Chapman St
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Properties For Sale
at 946 S Chapman St
946 Chapman St Garage
AVAILABLE
Floor
1
Size
4,218 SF
Type
RETAIL
Lease Type
NNN
Excellent opportunity for repair shop or auto sales near Greensboro Coliseum and UNCG. Located between Gate City Blvd and Spring Garden St. 4218 SF with ability to add 2 lifts and hold up to 6+ vehicles inside. Large waiting and retail sales area.
Contact us
Listing Agency:
Lindsay Commercial Properties
(336) 886-1200
Listed By:
Mark Lindsay, CCIM · License NC #252010
(336) 692-5612
Source:
Moodyscre
Added: Jun 16
Changed: Nov 6
Last Checked: Nov 8 at 6:44AM
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.
This versatile 4,218 SF industrial building is set up for warehouse and distribution operations, offering practical space for storage, handling, and day-to-day industrial use. The property is described as suitable for customization, with the added possibility of future expansion to better match evolving operational requirements.
Located in the Greensboro area, the building benefits from a convenient commercial setting for logistics-focused users. The property’s zoning is listed as GB, which is designed to support maximum usage flexibility for appropriate industrial activities.
For buyers seeking an adaptable industrial facility, the combination of warehouse/distribution functionality and GB zoning can be helpful when planning current operations and potential site improvements. If you’re evaluating options for a distribution-oriented use or a storage-based operation that may need to evolve, this property’s size and intended use profile make it a straightforward candidate for further review.
Located in the Greensboro area, the building benefits from a convenient commercial setting for logistics-focused users. The property’s zoning is listed as GB, which is designed to support maximum usage flexibility for appropriate industrial activities.
For buyers seeking an adaptable industrial facility, the combination of warehouse/distribution functionality and GB zoning can be helpful when planning current operations and potential site improvements. If you’re evaluating options for a distribution-oriented use or a storage-based operation that may need to evolve, this property’s size and intended use profile make it a straightforward candidate for further review.
Key Highlights
- 4,218 SF industrial building with space suited for warehouse and distribution operations
- Zoned GB, offering flexibility for adaptable use options
- Strategic Greensboro‑area location for distribution and storage needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,239
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,780
$484.8K
Cap Rate 7%
$346,271
$346.3K
Cap Rate 9%
$269,322
$269.3K
Market Conditions
NOI Build-Up for 4,218 SF
Gross rent
$30.4K $7.20/SF
− Vacancy
−$1.9K −$0.44/SF
EGI
$28.5K $6.76/SF
− OpEx
−$4.3K −$1.01/SF
NOI
$24.2K $5.75/SF
Area
Greensboro, NC
Vacancy
6.10%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,780
Cap Rate 7%
$346,271
Cap Rate 9%
$269,322
Alternative Uses
Best Use
Warehouse
$346.3K
$303.0K – $404.0K
NOI $24,239 @ 7.0% cap · market cap 4.07%
Second Best
Industrial
$285.2K
$249.5K – $332.7K
NOI $19,962 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,595 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 27403, NC
23,679
Population
8,671
Households
2.7
Avg Household Size
28
Median Age
48%
College-Educated
88%
High-School Grad
5.8 sq mi
ZIP Area
4,083
Density / Sq Mi
$56,722
Median Household Income
$24,843
Median Earnings
$998
Median Rent
$218,600
Median Home Value
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Market
Properties on Market for Warehouses in Greensboro
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Self Storage of Greensboro — 2608 W Gate City Blvd, Greensboro, NC 27403
- Two Men and a Truck Moving and Storage — 2704 Patterson St, Greensboro, NC 27407
- WNCMH — 2209 Patterson Ct, Greensboro, NC 27407
- Handled With Care Moving & Storage — 1760 W Lee St, Greensboro, NC 27403
- University Mini Storage — 1560 W Gate City Blvd, Greensboro, NC 27403
Frequently Asked Questions
What type of property is this?
Warehouse - A flexible warehouse for distribution or storage needs, supported by GB zoning for adaptable operating options.
Where is this warehouse located?
The property is located at 946 S Chapman St Greensboro, NC.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,218 SF industrial building with space suited for warehouse and distribution operations; Zoned GB, offering flexibility for adaptable use options; Strategic Greensboro‑area location for distribution and storage needs
