Retail Storefront with Adjacent
1000 & 1002 N Main St., High Point, NC 27262
For Sale
Contact for pricing
A leased commercial building and separate level parcel combine existing occupancy with additional site area.
Property Size2,490 SF
Lot Size0.44 Acres
Price / SF$311.65
Days on Market15
Property Features for 1000 & 1002 N Main St.
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Asking Price
Road Access
Tenant in Place
Building Details
Buildings
Listing Agency:
DeLille | Field Commercial Real Estate
Listed By:
Alex Field · License NC #238303
(336) 442-0744
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DeLille | Field Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property pairs a 2,490-SF retail building, fully leased, with a neighboring undeveloped parcel. The two parcels measure approximately 0.22 acres each, or 0.44 acres combined. On-site parking serves the building; its basement is not counted in the stated building area.
The site sits at a signalized intersection on N. Main Street, near High Point University and downtown High Point. The improved parcel and level vacant land are offered together, with the land distinct from the existing retail building.
The site sits at a signalized intersection on N. Main Street, near High Point University and downtown High Point. The improved parcel and level vacant land are offered together, with the land distinct from the existing retail building.
Key Highlights
- Fully leased 2,490‑SF retail building
- Two parcels of approximately 0.22 acres each; 0.44 acres combined
- Adjacent undeveloped parcel is level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,433
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,660
$608.7K
Cap Rate 7%
$434,757
$434.8K
Cap Rate 9%
$338,144
$338.1K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$44.8K $18.00/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$43.5K $17.46/SF
− OpEx
−$13.0K −$5.24/SF
NOI
$30.4K $12.22/SF
Area
High Point, NC
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,660
Cap Rate 7%
$434,757
Cap Rate 9%
$338,144
Alternative Uses
Best Use
Retail
$434.8K
$380.4K – $507.2K
NOI $30,433 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.7K
$561.5K – $748.7K
NOI $44,919 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Krispy Kreme Doughnuts
Dining
14,504 visits/mo
0.1 miles
Circle K
Shops & Services
12,153 visits/mo
0.2 miles
Truist
Shops & Services
4,850 visits/mo
0.5 miles
Mobil
Shops & Services
3,274 visits/mo
0.1 miles
Family Dollar
Shops & Services
3,225 visits/mo
0.1 miles
Demographics for 27262, NC
25,253
Population
10,246
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,913
Density / Sq Mi
$64,395
Median Household Income
$34,113
Median Earnings
$1,054
Median Rent
$212,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Guilford County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Just Priceless — 1313 N Main St, High Point, NC 27262
- Grassy Knoll LLC — 1212 N Main St, High Point, NC 27262
Frequently Asked Questions
What type of property is this?
Storefront property - A leased commercial building and separate level parcel combine existing occupancy with additional site area.
Where is this storefront property located?
The property is located at 1000 & 1002 N Main St. High Point, NC.
What is the asking price?
The asking price for this property is $776,000.
What are key features of this property?
This property features: Fully leased 2,490‑SF retail building; Two parcels of approximately 0.22 acres each; 0.44 acres combined; Adjacent undeveloped parcel is level
