Updated End-Unit Office
New
For Sale
Contact for pricing
1008 Hutton Lane Suite 101, High Point, NC 27262
Move-in ready office space with abundant natural light and access to HWY 70 & 29.
Property Size1,479 SF
Price / SF$172.41
Days on Market5
Property Features for 1008 Hutton Lane Suite 101
General Information
Standard status
Active
Size
1,479 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
DeLille | Field Commercial Real Estate
(336) 812-3175
Listed By:
Marc DeLille · License #269819
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 3:28PM
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
Investment Insights
Based on property information with market context.
Suite 101 is an updated, move-in ready end-unit office space within Hutton Lane Office Center South. Abundant natural light enhances the interior, while the configuration supports professional office use.
The property is located at 1008 Hutton Lane in High Point, with access to HWY 70 and 29. The suite is identified as suitable for professional services and medical practice users, and it may also appeal to office-space investors.
The property is located at 1008 Hutton Lane in High Point, with access to HWY 70 and 29. The suite is identified as suitable for professional services and medical practice users, and it may also appeal to office-space investors.
Key Highlights
- Updated, move‑in ready end‑unit suite
- Abundant natural light
- Access to HWY 70 & 29
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,768
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,360
$415.4K
Cap Rate 7%
$296,686
$296.7K
Cap Rate 9%
$230,756
$230.8K
Market Conditions
NOI Build-Up for 1,479 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.1K $21.72/SF
− Vacancy
−$4.4K −$3.00/SF
EGI
$27.7K $18.72/SF
− OpEx
−$6.9K −$4.68/SF
NOI
$20.8K $14.04/SF
Area
High Point, NC
Vacancy
13.80%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$415,360
Cap Rate 7%
$296,686
Cap Rate 9%
$230,756
Alternative Uses
Best Use
Office B
$296.7K
$259.6K – $346.1K
NOI $20,768 @ 7.0% cap · market cap 8.14%
Second Best
Healthcare Medical
$251.9K
$220.4K – $293.9K
NOI $17,634 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$381.2K
$333.5K – $444.7K
NOI $26,681 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office space with abundant natural light and access to HWY 70 & 29.
Where is this office units located?
The property is located at 1008 Hutton Lane Suite 101 High Point, NC.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Updated, move‑in ready end‑unit suite; Abundant natural light; Access to HWY 70 & 29
