Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Leased Duplex Income Property Title is generated by Realmo AI

    611 & 613 Brookdale Drive, Thomasville, NC 27360

    View on Map
    Claim this Listing
    New
    For Sale
    $190,000

    MULTI_FAMILY - Thomasville, NC

    Lot size:
    0.22 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 611 & 613 Brookdale Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R8
    Parking features
    Driveway
    Appliances
    Electric Water Heater
    Standard status
    Active
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Number of units
    2

    We can help!

    Listing Contact
    Jeremy Musgrave
    Jeremy Musgrave

    Listing agent Jeremy Musgrave License #316135

    Listing office Keller Williams Realty High Point, NC

    Listing date Jun 5, 2026

    MLS# 1223442 Listing URL

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully leased duplex with both units currently rented at $700/month
    • Each unit is 2 bed / 1 bath and separately metered for utilities
    • Central air and electric forced‑air heating
    • Year built: 1984
    • Utilities: public water and public sewer
    • Parking: driveway

    Overview

    This property is a fully leased duplex featuring two separate residential units. Each unit is a 2-bedroom, 1-bathroom layout, with utilities separately metered between the two units. Because the duplex is currently occupied, please do not disturb the tenants. Property tours are scheduled once an offer is under contract.

    The duplex is located at 611 & 613 Brookdale Drive in Thomasville, North Carolina, in Davidson County. The listing is for sale and is zoned R8. The total lot size is identified as 0.22 acres.

    For investors and buyers looking for a residential income property with existing in-place occupancy, this duplex offers a straightforward two-unit structure. The separately metered utilities can help simplify unit-by-unit expense allocation. With both units already leased and operating under current tenant occupancy, this is best suited for buyers who want an occupied asset and are comfortable proceeding through a tour process after an offer is under contract.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.071575
    Latitude
    35.900975

    Nearby Similar for Sale

    • $550,000
      13,542 SF

      Versatile Industrial Complex in Thomasville

      Adaptable industrial complex for manufacturing, warehousing, or distribution.
      145 Bonnie Regan Road, Thomasville, NC 27360
      View Details
    • $510,000
      1,865 SF

      Updated Office Space For Sale

      Updated office space featuring a conference room and exterior storage.
      4217 Meadowbrook View Road, Thomasville, NC 27360
      View Details
    • $595,000
      3,243 SF

      Retail Space in Thomasville, NC

      Retail space available for sale in Thomasville, North Carolina.
      116 E Main Street, Thomasville, NC 27360
      View Details
    • $299,900
      2,624 SF

      Thomasville Multifamily Investment Opportunity

      Four one-bedroom units near the Triad with ample parking.
      106 College Street, Thomasville, NC 27360
      View Details
    • $190,000

      Fully Leased Duplex with Separate Meters

      Two 2BR/1BA units are separately metered and fully leased, supporting straightforward, occupied residential income.
      607 & 609 Brookdale Drive, Thomasville, NC 27360
      View Details
    • $425,000

      Six-Unit One-Level Apartment Building

      Six 2-bedroom, 1-bath units on an approximately 5.9-acre site in Thomasville, NC.
      6961 Prospect Church Road, Thomasville, NC 27360
      View Details
    • $949,000
      30,524 SF

      Thomasville Industrial Facility For Sale

      30,524 SF industrial building with warehouse and manufacturing space.
      119 Washboard Rd, Thomasville, NC
      View Details
    • $249,000
      2,400 SF

      New Service Garage with Bays

      New service garage with three bays in Thomasville, NC.
      200 Martin Luther King Jr Dr, Thomasville, NC
      View Details
    • $145,000
      427 SF

      Thomasville Car Lot For Sale

      Former car lot with office and high visibility.
      1535 National Hwy, Thomasville, NC 27360
      View Details
    • $399,900

      Car Lot and Mechanic Garage

      Prime location car lot and mechanic garage for sale.
      620 National Highway, Thomasville, NC 27360
      View Details
    • $200,000

      Former Day Care Center Available

      Day care center with kitchen, office, and C1 zoning.
      944 Fisher Ferry St, Thomasville, NC
      View Details
    • $279,900

      Versatile Building on 2.32 Acres

      Commercial building suitable for various uses, subject to county approval.
      125 Rickard Road, Thomasville, Thomasville, NC 27360
      View Details

    FAQs

    What type of property is this?
    Duplex - Two separately metered 2BR/1BA units in a fully leased duplex for occupied residential income.
    Where is this duplex located?
    The property is located at 611 & 613 Brookdale Drive Thomasville, NC.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: Fully leased duplex with both units currently rented at $700/month; Each unit is 2 bed / 1 bath and separately metered for utilities; Central air and electric forced‑air heating
    (336) 880-7825
    We can help!
    Listing Contact
    Jeremy Musgrave
    Jeremy Musgrave
    Real Estate License ID: 316135
    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.
    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
    611 & 613 Brookdale Drive, Thomasville, NC 27360
    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!