1615 Holbrook StGreensboro, NC 27403

  • Industrial properties
  • 5,400 SF
For Sale
$445,000 View listing

Property Details for 1615 Holbrook St

Year built
1973
Lot size
0.26 AC
Property size (Sq ft)
5,400 SF
Zone code
LI
Property type
Industrial properties
Property subtype
Other industrial properties
APN
11422
APU
11422

Description

Exceptional investment opportunity: a fully leased, 6,600 square foot industrial warehouse located at 1615 Holbrook Street, Greensboro, North Carolina, 27403. This single-story, 1973-built property sits on a 0.55-acre lot and is zoned IND. The building features three drive-in doors, providing convenient access for tenants. Currently, the property boasts 100% occupancy with two automotive tenants, each occupying a portion of the space (approximately 5,400 SF and 1,200 SF). Both tenants have established a strong presence, having occupied the space for over five years. Leases are in place, extending through April 30, 2025, and February 28, 2026, respectively. The property's strong tenancy and potential for rental increases present a compelling investment opportunity in the Greensboro market. The Guilford County location offers convenient access to major transportation routes. The property's APN numbers are 7854-71-9650, 7854-71-9542, and 7854-71-9447. This is a multi-tenant property offering a stable income stream with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $678,120
    Hospitality
    $621,154
    Educational
    $516,793
    Medical
    $534,566
    Retail
    $803,900
1615 Holbrook St, Greensboro, North Carolina

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0596
Longitude
-79.8189
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
2023
$3,103
$39,000
$182,200
$221,200
-
$39,000
$182,200
$221,200

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