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Property profile & analytics
OFF-MARKET Estimated value $2,205,000
Industrial land

1224 Elon Pl High Point, NC 27263-9745

9.18 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US53-1460723
Property summary
AI-generated overview

This exceptional 9.18-acre industrial land parcel presents a unique investment opportunity in High Point, North Carolina. Strategically located with 650 feet of frontage on I-85 Business, this property offers unparalleled accessibility and visibility. The land is zoned for light industrial use, providing flexibility for a variety of development projects. All essential utilities are readily available, including city water and sewer services, and electricity provided by Duke Energy. The asking price for this highly desirable property is $550,000. Given its prime location, convenient access to major transportation routes, and readily available utilities, this site is ideal for businesses seeking a strategic location for expansion or new construction. The substantial lot size allows for significant development potential, making it an attractive proposition for investors and developers alike. This is a rare opportunity to acquire a sizable, well-located industrial land parcel in a thriving North Carolina market. The property is situated in Guilford County, North Carolina, with the address listed as 1224 Elon Place, High Point, NC 27263. This location offers easy access to a skilled workforce and a robust local economy. Don't miss this chance to secure this exceptional industrial land offering.

Property profile
Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 9.18 ac (399,881 SF)
Zoning code LI
APN 207394
UPID US53-1460723
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.21M
Owner & transaction history
Elon Place Industrial Complex LLC · 2 yrs held
Elon Place Industrial Complex LLC
since 2023
Last sale
$2.2M
1 recorded transaction
2023
$2.2M
Zoning & alternative use
LI · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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