Leased Showroom
For Sale
Contact for pricing
118 W Russell Ave, High Point, NC 27260
An 11,000-square-foot showroom property currently occupied by a tenant.
Property Size11,000 SF
Price / SF$271.82
Days on Market62
Property Features for 118 W Russell Ave
General Information
Standard status
Active
Size
11,000 SF
Property subtype
RETAIL
Listing Agency:
D-G Real Estate
Listed By:
Bert Hayes
(336) 841-7104
Source:
Moodyscre
Added: Aug 11
Changed: Oct 11
Last Checked: Oct 11 at 8:06AM
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 D-G Real Estate
Investment Insights
Based on property information with market context.
This showroom property contains 11,000 square feet and is currently leased. The asset is located at 118 W Russell Ave in High Point, North Carolina.
Key Highlights
- 11,000‑square‑foot showroom property
- Currently leased
- 118 W Russell Ave, High Point, NC 27260
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,442
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,688,840
$2.7M
Cap Rate 7%
$1,920,600
$1.9M
Cap Rate 9%
$1,493,800
$1.5M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$198.0K $18.00/SF
− Vacancy
−$5.9K −$0.54/SF
EGI
$192.1K $17.46/SF
− OpEx
−$57.6K −$5.24/SF
NOI
$134.4K $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%
$2,688,840
Cap Rate 7%
$1,920,600
Cap Rate 9%
$1,493,800
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,442 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.48M – $3.31M
NOI $198,439 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,613
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Home Improvements & Furnishings 13%
Family Dollar
Shops & Services
3,687 visits/mo
0.4 miles
Ferguson
Home Improvements & Furnishings
545 visits/mo
0.3 miles
Demographics for 27260, NC
24,573
Population
11,233
Households
2.2
Avg Household Size
35
Median Age
12%
College-Educated
71%
High-School Grad
12.4 sq mi
ZIP Area
1,982
Density / Sq Mi
$41,817
Median Household Income
$29,008
Median Earnings
$796
Median Rent
$111,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Tamarian LLC — 401 E Russell Ave #112, High Point, NC 27260
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- Harounian Rugs International (HRI), High Point Showroom — 317 W High Ave suite 110-a, 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
Frequently Asked Questions
What type of property is this?
Showroom - An 11,000-square-foot showroom property currently occupied by a tenant.
Where is this showroom located?
The property is located at 118 W Russell Ave High Point, NC.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: 11,000‑square‑foot showroom property; Currently leased; 118 W Russell Ave, High Point, NC 27260
