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 Market14
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
(336) 841-7104
Listed By:
Bert Hayes
(336) 841-7104
Source:
Moodyscre
Added: Aug 11
Changed: Aug 24
Last Checked: Aug 24 at 4:35AM
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 = 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
$134,442
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
4.50%
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%
$2,688,840
$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
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
$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 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%
$2,688,840
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
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
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
