Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    936 Elm St Greensboro, NC 27406
    Property profile & analytics

    936 Elm St, Greensboro, NC 27406

    View on Map
    • Warehouses
    • 12,620 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Studio by Tiger / Department Store

    Property Details for 936 Elm St

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 12,620-square-foot property at 936 S Elm St in Greensboro, NC, presents a unique opportunity for a single tenant. Situated on a 1.22-acre lot, this versatile space seamlessly blends office and industrial functionality, ideal for businesses requiring both executive office space and ample warehouse capacity. The building boasts a flexible layout, encompassing executive office areas and a substantial warehouse component. Ceiling heights range from 13 to 18 feet, providing ample vertical space for storage or specialized equipment. Loading and unloading are facilitated by three loading docks and three drive-in doors, ensuring efficient logistics. The property is zoned for Light Industrial (LI) use within Guilford County, offering flexibility for a variety of businesses. The entire 12,620 square feet is currently vacant, providing immediate occupancy for the right tenant. The convenient Greensboro location and ample space make this an attractive option for companies seeking a strategic base of operations. This property offers a rare combination of office sophistication and industrial practicality, making it an ideal choice for businesses seeking a functional and efficient workspace. The address is 936 S Elm St, Greensboro, NC 27406.

    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
    -79.7916
    Latitude
    36.0595

    Comparable in this City

    • Value Estimation by Request
      2,750 SF

      414 Spur Rd

      Distribution properties
      414 Spur Rd, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      109.00 Acres

      238 Ritters Lake Rd

      Distribution properties
      238 Ritters Lake Rd, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      92,034 SF

      140-150 Blue Bell Rd

      Distribution properties
      140-150 Blue Bell Rd, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      2,432 SF

      2924 Baltic Ave

      Distribution properties
      2924 Baltic Ave, Greensboro, NC 27406
      View Details
    • Value Estimation by Request
      402 SF

      5335 Old Randleman Rd, Unit 1

      WAREHOUSE, STORAGE
      5335 Old Randleman Rd, Greensboro, NC 27406-8807
      View Details
    • Value Estimation by Request
      2,607 SF

      2331 Randleman Rd

      OFFICE (GENERAL)
      2331 Randleman Rd, Greensboro, NC 27406-3603
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Greensboro Office and Industrial Property

      Office and industrial property available for sale in Greensboro, NC.
      936-944 S Elm St, Greensboro, NC 27406
      View Details
    • Contact for pricing

      Industrial Package Investment Opportunity

      Two-building industrial package for sale with lease opportunity.
      3107 S Elm Eugene St, Greensboro, NC 27406
      View Details
    • Contact for pricing
      5,000 SF

      Greensboro Light Industrial Investment Property

      5000 SF single tenant investment property for sale.
      114 Carolyn Coleman Way, Greensboro, NC 27406
      View Details
    • Contact for pricing
      9,360 SF

      Greensboro Industrial Property For Sale

      9,360 SqFt industrial property available in Greensboro, North Carolina.
      151 Blue Bell Rd, Greensboro, NC 27406
      View Details
    • Contact for pricing

      Office Space For Sale

      Office space with flexible use options and ample parking.
      2400 Freeman Mill Rd, Greensboro, NC 27406
      View Details
    • $75,000

      Cleared Lot in Residential Setting

      Almost half-acre cleared lot ready for development in Greensboro, NC.
      4304 Farlow Dr, Greensboro, NC 27406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Industrial Space Near I-85/I-40

      Industrial space available for lease near major interstates.
      132-144 Industrial Ave, Greensboro, NC 27406
      View Details
    • Contact for pricing
      46,333 SF

      Greensboro Warehouse and Distribution Location

      Warehouse and distribution property with excellent access to major transportation.
      2933 S Elm Eugene St, Greensboro, NC 27406
      View Details
    • Contact for pricing
      56,255 SF

      Industrial Space in Interstate Commerce

      56,255 SF industrial space with dock-high and drive-in doors.
      101 E Carteret St, Greensboro, NC 27406
      View Details
    • Contact for pricing
      1,300,000 SF

      Youngs Mill Industrial Center

      Class A industrial park with highway frontage and visibility.
      Maddux Ct, Greensboro, NC 27406
      View Details
    • Contact for pricing
      51,100 SF

      Proposed Industrial Building with Parking

      Proposed 168,000 SF industrial building with ample parking.
      201 E J J Dr, Greensboro, NC 27406
      View Details
    • Contact for pricing
      63,200 SF

      Industrial Space Near Interstate Access

      71-acre industrial development with strategic highway access.
      215 East J J Dr, Guilford, NC 27406
      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.
    936 Elm St
    Greensboro, NC 27406
    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

    Thank You for Inquiry
    936 Elm St, Greensboro, NC, 27406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!