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    501 E Naomi St Randleman, NC 27317

    For Sale
    $4,248,000

    Two parcels ideal for multifamily conversion overlooking Deep River.

    Property size:
    120,000 SF
    Lot size:
    16.35 Acres

    Property Features for 501 E Naomi St

    General Information

    Size
    120,000 SF
    Lot size
    16.35 Acres

    Source: Lindsay Commercial Properties Agent Mark Lindsay, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mill Building Multifamily Conversion Project

    This property is suitable for a multifamily conversion project overlooking Deep River and adjacent to Randleman Greenway. It consists of two parcels that can be purchased together or separately. Parcel 1 features a 120,000-square-foot mill building equipped with a new sprinkler system rated for industrial or residential use. The building has been evaluated and upfitted within the past 1.5 years by a professional structural engineer and is exceptionally clean. Architectural drawings have been prepared to show potential layouts for one, two, and three-bedroom apartments in the main building. A portion of the property is located in a 100-year flood plain. Parcel 2, situated directly across Deep River, comprises approximately 7.6 acres zoned for duplexes or townhomes. An architectural layout for this development is available. Drone footage is being prepared and will be linked when complete.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BWH Foam & Fiber ... Furniture Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Randleman
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.7961693
    Latitude
    35.8202907

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    FAQs

    What type of property is this?
    Apartment building - Two parcels ideal for multifamily conversion overlooking Deep River.
    Where is this apartment building located?
    The property is located at 501 E Naomi St Randleman, NC.
    What is the asking price?
    The asking price for this property is $4,248,000.
    What are key features of this property?
    This property features: - Large 120,000 sq ft mill building suitable for multifamily conversion (industrial or residential).; - Adjacent to Randleman Greenway and overlooking Deep River.; - Two parcels included: one with the mill building, the other zoned for duplexes or townhomes.
    (336) 692-5612
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    501 E Naomi St Randleman, NC 27317
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    Randleman, NC 27317
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 E Naomi St Randleman, NC 27317
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