Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1906 Lendew St Greensboro, NC 27408

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6,200 SF Medical Office, Ample Parking

    Lot size:
    6,200 SF

    Property Features for 1906 Lendew St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,200 SF
    Total Rate
    9687.5

    Spaces For Lease

    at 1906 Lendew St, Greensboro, NC 27408 Contact us
    Unit Available Space

    $18 /Mo

    Size
    6,200 SF
    Contact us

    We can help!

    Listing Contact
    Kennon Borden
    Kennon Borden

    Listing Agency: Borden Real Estate LLC Listing Agent: Kennon Borden

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

    Learn more

    Overview

    This exceptional 6,200-square-foot medical office building is available for lease in Greensboro, North Carolina. Located at 1906 Lendew St, zip code 27408, this single-tenant property presents a unique opportunity for medical professionals seeking a well-appointed space. The building offers a total of 6,200 square feet of completely vacant space, providing flexibility for build-out to meet specific needs. The property boasts ample parking with 23 spaces available for patients and staff, ensuring convenient access. Situated in Guilford County, this location offers excellent visibility and accessibility, making it an ideal location for a thriving medical practice. The property is classified as an Office building with a Medical Office subtype. The entire building is available for lease, presenting a rare opportunity to secure a substantial and well-situated medical office space in a desirable Greensboro neighborhood. The property's address is 1906 Lendew St, Greensboro, NC 27408. Interested parties are encouraged to inquire for further details and leasing information. This is a single-tenant occupancy property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.8194652
    Latitude
    36.0952781

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      NC, Greensboro - W Friendly Ave

      Discover many ways to work your way in San Antonio Airport
      516 Friendly Ave, Greensboro, NC 27401
      View Details
    • Contact for pricing

      Office Space with Warehouse Access

      Private office suites available for lease with warehouse access.
      2606 Branchwood Dr, Greensboro, NC 27408
      View Details
    • Contact for pricing

      Private Office Spaces Available

      Private office spaces for lease in a professional setting.
      2606 Branchwood Dr, Greensboro, NC 27408
      View Details
    • Contact for pricing
      31,988 SF

      Class A Office in Greensboro

      Premier office building in Grandover Corporate Park available for lease.
      4510 Weybridge Ln, Greensboro, NC 27407
      View Details
    • Contact for pricing
      400,000 SF

      Industrial Space with Heavy Power

      400,000 SF industrial space with heavy power for lease.
      1350 16Th St, Greensboro, NC 27405
      View Details
    • Contact for pricing
      2,284 SF

      High-Traffic Retail Property Available

      Freestanding retail property with drive-thru lanes on 0.83 acres.
      4636 West Market St, Greensboro, NC 27407
      View Details
    • $10 SF/Yr
      6,033 SF

      Greensboro Office Space for Lease

      Flexible workspace solutions in Greensboro, NC.
      516 Friendly Ave, Greensboro, NC 27401
      View Details
    • Contact for pricing
      1,249 SF

      Bee Safe Flex Space

      Climate-controlled flex space with drive-in access in Greensboro.
      1014 Battleground Ave, Greensboro, NC 27408
      View Details
    • $20 SF/Yr
      175,000 SF

      Stonesthrow Crossing Retail Space

      High-traffic retail center; spaces available
      3747 Farmington Dr, Greensboro, NC 27407
      View Details
    • Contact for pricing
      73,828 SF

      Office Space Near Grandover Resort

      Office building near I-85 and Grandover mixed-use development.
      4620 Stone Vlg Rd, Greensboro, NC
      View Details
    • Contact for pricing
      2,500 SF

      Mixed-Use Development Retail/Restaurant Space

      Class A office, retail, and restaurant space in Greensboro.
      2012 Pisgah Church Rd, Greensboro, NC 27455
      View Details
    • Contact for pricing
      17,299 SF

      Office Space Near Interstate I-85

      Office space with access to the entire Triad market.
      4508 Weybridge Ln, Greensboro, NC 27407
      View Details

    FAQs

    What type of property is this?
    Medical office - 6,200 SF Medical Office, Ample Parking
    Where is this medical office located?
    The property is located at 1906 Lendew St Greensboro, NC.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 6,200 square feet of shell space available for lease.; High ceilings, ready for tenant improvements.; Located next to an established OB/GYN practice.
    (919) 490-5430 Call to check price and availability
    Request Owner's contact information
    1906 Lendew St Greensboro, NC 27408
    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.
    1906 Lendew St
    Greensboro, NC 27408
    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
    1906 Lendew St Greensboro, NC 27408
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kennon Borden
    Kennon Borden
    Real Estate License ID: 115356
    (919) 490-5430
    Learn more
    Google sign-in failed. Please try again or use another login method.