4821 Koger BlvdGreensboro, NC 27407

Property Details for 4821 Koger Blvd

Year built

2007

Construction

FRAME

Lot size

3.00 AC

Property size (Sq ft)

13,582 SF

Zone code

BP

Property type

Industrial properties

APN

57746

APU

57746

Description

This exceptional Greensboro, NC office building presents a compelling investment opportunity. The 13,582 square foot, single-story creative/executive/traditional office space is situated on a generous 3-acre lot at 4821 Koger Blvd, offering ample parking and potential for future expansion. Built in 2007 with durable masonry construction, the property boasts low maintenance costs and long-term structural integrity. Currently leased to a reputable IT and business services firm, the lease provides a stable income stream with 3.5 years remaining and a 3% annual rent increase. This ensures predictable cash flow and growth potential. The property's strategic location just off Interstate 40 provides easy access to major East Coast markets and nearby national tenants. Greensboro's robust fiber optic network, proximity to Triad International Airport and downtown, and thriving financial sector further enhance the investment's appeal. The building itself serves as mission-critical headquarters for the tenant, housing their centralized data center. This prime location in a growing city with a large, high-quality workforce makes this a strong investment with significant upside. The asking price is $2,809,017, representing a 7.00% cap rate and a price per square foot of $207. The property's strong tenant, long-term lease, and prime location combine to create a compelling investment opportunity with significant potential for future returns.

• CAP approach

  CAP return

  Valuation

  6%

  $3,768,380

  6.5%

  $3,478,500

  7%

  $3,230,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,758,410

  Geo Method

  $4,988,180

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,703,610

  Mixed-Use / Specialty

  $1,634,370

  Hospitality / Lodging

  $1,116,860

  Office

  $1,558,880

  Institutional / Educational

  $1,676,520

  Residential Income

  $1,961,520

  Multifamily

  $2,702,700

  Automotive / Energy

  $1,437,010

  Parking / Income-Based Land

  $558,297

  Restaurant / Food Service

  $715,255

  Healthcare / Senior Housing

  $1,740,790

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0498

Longitude

-79.8816

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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