Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2018 Market St Greensboro, NC 27401

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2018 Market St Greensboro, NC 27401

    View on Map
    • Warehouses
    • 76,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • South Atlantic Companies / Warehouse & Storage
    • PPG Industries / Warehouse & Storage

    Property Details for 2018 Market St

    Property size
    76,500 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 76,500-square-foot warehouse, located at 2018 E Market St in Greensboro, North Carolina, presents a significant opportunity for businesses seeking ample space and immediate occupancy. The property is a single-tenant industrial building, offering complete flexibility for its next occupant. The warehouse boasts a functional layout with 7 dock-high doors, facilitating efficient loading and unloading operations. The ceiling height measures 11 feet, providing sufficient vertical clearance for various storage and operational needs. Situated in Guilford County, this strategically located warehouse offers easy access to major transportation routes, enhancing logistical efficiency. The entire 76,500 square feet is currently vacant, making it ideal for businesses requiring significant space. This property is perfect for companies needing a large, functional space in a prime Greensboro location. The address is 2018 E Market St, Greensboro, NC 27401. The property type is industrial, specifically a warehouse. This is a single-tenant space, ready for immediate lease. Contact us today to schedule a viewing and explore the possibilities this exceptional warehouse offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7616
    Latitude
    36.0742

    Comparable in this City

    • Value Estimation by Request
      3.94 Acres

      321 Friendly Ave

      INDUSTRIAL (GENERAL) • 3.94 Acres
      321 Friendly Ave, Greensboro, NC 27401-2920
      View Details
    • Value Estimation
      $1,680,000
      16,043 SF

      330 Lindsay St

      INDUSTRIAL (GENERAL) • 16,043 SF
      330 Lindsay St, Greensboro, NC 27401-2924
      View Details
    • Value Estimation
      $15,145,000
      168,054 SF

      2525 Market St

      INDUSTRIAL (GENERAL) • 168,054 SF
      2525 Market St, Greensboro, NC 27401-4815
      View Details
    • Value Estimation
      $3,840,000
      8,505 SF

      2410 Market St

      INDUSTRIAL (GENERAL) • 8,505 SF
      2410 Market St, Greensboro, NC 27401-4814
      View Details
    • Value Estimation by Request
      11,470 SF

      800 Pastor Anderson Way

      INDUSTRIAL (GENERAL) • 11,470 SF
      800 Pastor Anderson Way, Greensboro, NC 27401
      View Details
    • Value Estimation by Request
      18,560 SF

      400 Raleigh St

      INDUSTRIAL (GENERAL) • 18,560 SF
      400 Raleigh St, Greensboro, NC 27401-4841
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Greensboro Commercial Redevelopment Opportunity

      Commercially zoned parcel in downtown Greensboro, ideal for redevelopment.
      582 N Eugene St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      11,206 SF

      Downtown Greensboro Music Venue

      11,206 SF music venue with lounge and bar.
      117 S Elm St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Lots in Willow Oaks

      Cleared, developed residential lots for single-family and twin homes.
      604 Gillespie St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Lots in Willow Oaks

      Cleared, developed residential lots ready for home construction.
      705 Green Oaks St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lots in Willow Oaks

      Cleared, developed residential lots ready for home construction.
      707 Green Oaks St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Lots in Willow Oaks

      Cleared, developed residential lots for single-family and twin homes.
      1919 Mcconnell Rd, Greensboro, NC 27401
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      76,500 SF

      Spacious Warehouse with Included Utilities

      76,500 SF warehouse space for lease, utilities included.
      2016-2024 E Market St, Greensboro, NC 27401
      View Details
    • Contact for pricing
      46,765 SF

      Warehouse with Outdoor Storage Space

      Functional warehouse with acreage for industrial outdoor storage.
      501 West Camel St, Greensboro, NC 27401
      View Details
    • 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 - 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

      Remodeled Office Building in Downtown

      Historic office building with modern amenities and downtown views.
      125 S Elm St, Greensboro, NC 27401
      View Details
    • Contact for pricing

      Downtown Greensboro Office Tower

      10-story office tower in downtown Greensboro for rent.
      301 N Elm St, Greensboro, NC 27401
      View Details
    Request Owner's contact information
    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.
    2018 Market St
    Greensboro, NC 27401
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!