Historic Office Building with Wraparound
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For Sale
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1100 N Main Street, High Point, NC 27262
A 1902 office property on a corner lot features an original oak-column entry hall and a wraparound porch.
Property Size7,356 SF
Price / SF$244.02
Days on Market5
Property Features for 1100 N Main Street
General Information
Standard status
Active
Size
7,356 SF
Property subtype
Office
Building Details
Year Built
1902
Listing Agency:
DeLille | Field Commercial Real Estate
Listed By:
Marc DeLille · License #269819
(336) 812-3175
Source:
Crexi
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 2 at 6:19PM
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.
Constructed in 1902, this 7,356-square-foot office building occupies a 0.47-acre corner parcel at 1100 N. Main Street in High Point. The property presents historic character through an original oak-column entry hall, while a corner office receives abundant natural light. A wraparound porch adds a distinctive exterior element and extends the building’s usable architectural character.
The property is positioned steps from downtown, placing the office asset within an established central setting. Its combination of a substantial footprint, prominent corner placement, and period details provides a defined commercial presence for office use.
The property is positioned steps from downtown, placing the office asset within an established central setting. Its combination of a substantial footprint, prominent corner placement, and period details provides a defined commercial presence for office use.
Key Highlights
- 7,356‑square‑foot office building constructed in 1902
- Located on a 0.47+/- acre corner lot
- Historic entry hall with original oak columns
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
$103,293
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
5.75%
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%
$2,065,860
$2.1M
Cap Rate 7%
$1,475,614
$1.5M
Cap Rate 9%
$1,147,700
$1.1M
Market Conditions
NOI Build-Up for 7,356 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
$159.8K $21.72/SF
− Vacancy
−$22.0K −$3.00/SF
EGI
$137.7K $18.72/SF
− OpEx
−$34.4K −$4.68/SF
NOI
$103.3K $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%
$2,065,860
Cap Rate 7%
$1,475,614
Cap Rate 9%
$1,147,700
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,293 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,702 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,415
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
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Frequently Asked Questions
What type of property is this?
Office building - A 1902 office property on a corner lot features an original oak-column entry hall and a wraparound porch.
Where is this office building located?
The property is located at 1100 N Main Street High Point, NC.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 7,356‑square‑foot office building constructed in 1902; Located on a 0.47+/- acre corner lot; Historic entry hall with original oak columns
