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    Two-Building Showroom with Dock Title is generated by Realmo AI

    114 West Commerce Avenue, High Point, NC 27260

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    Large multi-level showroom with separate entrances, freight access, and multiple amenity areas for home furnishings uses.

    Type:Retail
    Property size:
    58,000 SF
    Added:
    May 30, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 6 at 5:51 am

    Property Features for 114 West Commerce Avenue

    General Information

    Standard status
    Active
    Size
    58,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Tim McGee
    Tim McGee

    Listing agent Tim McGee License #NC 270174

    Listing office McGee Commerical Real Estate

    Listing date May 30, 2026

    Source Crexi

    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 McGee Commerical Real Estate

    HighLights

    • 58,000 +/- SF, three‑story showroom in the High Point market district, comprised of two connected buildings
    • Separate entrances on Main Street and Commerce Avenue, plus a loading dock on Commerce Avenue
    • Freight elevator with showroom‑side passenger entrance provides access to each floor
    • Ceiling heights: 14' on the top two levels and 10' on the lower level
    • Renovations include 2012 for the original Main Street building (built 1928) and 2010 for the Commerce Avenue addition (built 1996)
    • M/W bathrooms on each floor and LED track lighting throughout

    Overview

    This premier showroom property totals approximately 58,000+/- square feet across two connected buildings. The Main Street side was originally built in 1928 and renovated in 2012, while the Commerce Avenue showroom building was added in 1996 and renovated in 2010. The facility is arranged as a three-story showroom with 14’ ceilings on the top two levels and 10’ ceilings on the lower level. Each floor includes M/W bathrooms, several kitchen/bar entertainment areas, and LED track lighting throughout. Flooring materials differ by side, with wood floors on the Main Street side and concrete floors on the Commerce Avenue side.

    The property features entrances on both Main Street and Commerce Avenue, supporting flexible customer access. Loading is handled via a loading dock on Commerce Avenue, and a freight elevator with a showroom-side passenger entrance provides service to each floor. The listing also notes pedestrian exposure to High Point market-goers and proximity to the Mendenhall Transportation Terminal, one block away.

    Designed for a home furnishings manufacturer or importer seeking a strong market presence, the layout supports showroom operations on multiple levels with on-site amenities and dedicated logistics. With showroom access from two directions and freight service to each floor, the building is suited for product display, recurring appointments, and operational flow during peak market periods.
    Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

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

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

    Similar Places Nearby

    • Asia Minor Carpets Inc — 305 W High Ave, High Point, NC 27260
    • Midas Rugs USA — 233 S Elm St Unit- C102, High Point, NC 27260
    • Loloi Rugs — 210 E Commerce Ave, High Point, NC 27260
    • Harounian Rugs International (HRI), High Point Showroom — 317 W High Ave suite 110-a, High Point, NC 27260
    • Tamarian LLC — 401 E Russell Ave #112, High Point, NC 27260

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -80.0059964
    Latitude
    35.9557812

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    FAQs

    What type of property is this?
    Showroom - Large multi-level showroom with separate entrances, freight access, and multiple amenity areas for home furnishings uses.
    Where is this showroom located?
    The property is located at 114 West Commerce Avenue High Point, NC.
    What are key features of this property?
    This property features: 58,000 +/- SF, three‑story showroom in the High Point market district, comprised of two connected buildings; Separate entrances on Main Street and Commerce Avenue, plus a loading dock on Commerce Avenue; Freight elevator with showroom‑side passenger entrance provides access to each floor
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim McGee
    Tim McGee
    Real Estate License ID: NC 270174
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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.

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