Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    114 N Elm St Greensboro, NC 27401
    Back to Search
    Property profile & analytics

    114 N Elm St Greensboro, NC 27401

    View on Map
    • Office Spaces
    • 39,226 SF
    • 0.24 lot acres
    For Lease
    $3,595,000
    View Listing →
    Commercial Space Available For Lease For Lease
    $3,595,000

    Commercial Space Available For Lease

    Commercial space available for lease at 114 N Elm St.

    114 N Elm St, Greensboro, NC 27401
    View Listing
    Property ID
    US53-1692819
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • International Food, LLC / Restaurant
    • Press Play Studios / Recording Studio
    • Zaytoon Mediterranean Grill (ZMG) / Restaurant
    • GSO Cleaning Solutions / (Bike/Boat/Book/etc) Store
    • Aron Dickerson, Jr - United Real Estate Greensboro / Real Estate Agency

    Property Details for 114 N Elm St

    Year built
    1924
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    39,226 SF
    Zone code
    CB
    Property type
    Office Spaces
    APN
    253
    APU
    253

    Description

    This exceptional Greensboro, NC property at 114 N. Elm St. offers 6,000 square feet of versatile retail and office space, currently entirely vacant and available for lease. The building is divided into four individual suites, each offering a unique opportunity for businesses seeking a prominent downtown location. Suite sizes range from a minimum of 1,000 square feet to a maximum contiguous space of 2,200 square feet, providing flexibility for various business needs. The property's "Executive Office" designation highlights its suitability for professional firms seeking a sophisticated and well-located workspace. Situated in the heart of Greensboro, within Guilford County, this location benefits from high visibility and easy access to major transportation routes. The address, 114 N Elm St, Greensboro, NC 27401, places businesses within walking distance of numerous amenities, enhancing employee convenience and attracting clients. This is an excellent opportunity to establish a presence in a thriving downtown area. The entire 6,000 square feet is available, allowing for a single tenant to occupy the entire building or multiple tenants to occupy individual suites. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,773,000
      Market price range: $3.65M - $8.52M
      AI Estimate
      $2,412,000
      Market price range: $1.77M - $5.94M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,930,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7899
    Latitude
    36.0731
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $41,688
    $460,000
    $2,570,100
    $3,030,100
    -
    $460,000
    $2,570,100
    $3,030,100

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      207 Wendover Ave

      OFFICE (GENERAL) • 1.10 Acres
      207 Wendover Ave, Greensboro, NC 27401
      View Details
    • Value Estimation by Request
      0.59 Acres

      501 Logan St

      OFFICE (GENERAL) • 0.59 Acres
      501 Logan St, Greensboro, NC 27401
      View Details
    • Value Estimation by Request
      0.10 Acres

      3 Bessemer Ct

      OFFICE (GENERAL) • 0.10 Acres
      3 Bessemer Ct, Greensboro, NC 27401-1407
      View Details
    • Value Estimation by Request
      1,620 SF

      2219 Market St

      OFFICE (GENERAL) • 1,620 SF
      2219 Market St, Greensboro, NC 27401-4810
      View Details
    • Value Estimation
      $11,225,000
      62,861 SF

      201 Greene St

      OFFICE (GENERAL) • 62,861 SF
      201 Greene St, Greensboro, NC 27401-6417
      View Details
    • Value Estimation by Request
      388,224 SF

      100 Greene St

      OFFICE (GENERAL) • 388,224 SF
      100 Greene St, Greensboro, NC 27401-2547
      View Details

    Similar Nearby for Sale

    • Sponsored
      $1,625,000
      5,270 SF

      1018 North Elm Street

      Three Contiguous Commercial/Medical/Office Properties
      1018 North Elm St, Greensboro, NC 27401
      View Details
    • 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
    • $475,000

      Downtown Fisher Park Office Building

      Stand-alone office building in downtown Fisher Park for sale.
      510 Church Street Ext, Greensboro, NC 27401
      View Details
    • $499,000
      2,008 SF

      Renovated Downtown Greensboro Commercial Building

      Rare opportunity for urban work space or residential conversion.
      312 Church Ct, Greensboro, NC 27401
      View Details
    • $475,000
      2,224 SF

      Downtown Greensboro Office Building For Sale

      Stand-alone office building in historic Fisher Park, Greensboro.
      510 Church Street Ext, Greensboro, NC 27401
      View Details
    • $1,089,889

      Commercial Land For Sale

      0.77 acre commercial land available for sale.
      2012 E Market St, Greensboro, NC 27401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available for Rent

      Office space for rent at 400 Bellemeade St, Greensboro.
      400 Bellemeade St, Greensboro, NC 27401
      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
    • 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

      Versatile Global Network Workspace

      Tailored office spaces with flexible working plans and meeting rooms.
      516 W Friendly Ave, 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
      9,400 SF

      Downtown Greensboro Office Space

      9,400 SF office space in downtown Greensboro.
      200 S Elm St, Greensboro, NC 27401
      View Details
    View Listing
    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.
    114 N Elm 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

    Thank You for Inquiry
    114 N Elm St, Greensboro, NC, 27401
    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!