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    The Largest CRE Database in the US with Over 1 Million Listings

    7228 Us Highway 311 Sophia, NC 27350

    Sponsored
    For Sale
    $349,000

    Industrial - Sophia, NC

    Type:Industrial
    Lot size:
    3.50 Acres
    Days on Market:
    23
    Last Refresh:
    Feb 3 at 12:06 pm

    Property Features for 7228 Us Highway 311

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Zoning
    LI-CD
    Lot size
    3.50 Acres

    Building Details

    Year built
    1951
    Architectural style
    Other

    We can help!

    Listing Contact
    Carmen Kiziah

    Ed Price and Associates, Inc, Archdale (336) 681-2791

    Listing agent Carmen Kiziah (336) 681-2791

    Listing date Jan 12, 2026

    MLS# 1199552 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property with Residence

    This property offers over 3.5 acres with commercial zoning. It features a home suitable for use as an office, residence, or a combination live/work space, providing flexibility for various purposes. Located within a watershed district, the property allows for up to 24% impervious surface coverage, with any future redevelopment or changes subject to watershed and zoning requirements. The existing home has a special use permit for a quilt/bedspread manufacturing company. There is potential for rezoning to other special use or residential use, pending buyer verification and approval. This property is suitable for a home-based business, private office, or investment with development potential. The property is located in Sophia, NC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Pharmacy Auto Parts Store Department Store Garden Center Furniture & Home Goods Clothing & Fashion Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sophia
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.884068
    Latitude
    35.84937

    Nearby Similar for Sale

    • $525,000
      10.50 Acres

      Sophia Industrial Site - 10.5 Acres

      Prime industrial land near major cities. Rail access & highway frontage.
      00 Us Highway 311, Sophia, NC 27350
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.5+ acres with commercial zoning, live/work potential in Sophia, NC.
    Where is this commercial land located?
    The property is located at 7228 Us Highway 311 Sophia, NC.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: - Over 3.5 acres of land with commercial zoning.; - Flexible use property suitable for office, residence, or live/work space.; - Located within a watershed district allowing up to 24% impervious surface coverage.
    (336) 689-5022
    Request Owner's contact information
    7228 Us Highway 311 Sophia, NC 27350
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    Sophia, NC 27350
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    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
    7228 Us Highway 311 Sophia, NC 27350
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    We can help!
    Listing Contact
    Carmen Kiziah
    (336) 689-5022
    Learn more
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