High Point Corner Office
1521 Johnson St High Point, NC
1521 Johnson St, High Point, NC, 00000
Contact for pricing
For Sale
Contact for pricing
Office space in a great location with parking.
Property Size1,236 SF
Lot Size0.23 Acres
Price / SF$157.77
Days on Market2120
Property Features for 1521 Johnson St
General Information
- Standard status
- Active
- Size
- 1,236 SF
- Lot size
- 0.23 Acres
- Property subtype
- OFFICE
Listing agency
Speckman Commercial Properties
(336) 442-2000
Listed by
Denis Speckman
(336) 442-2000
Source
Moodyscre
Added: Oct 1, 2020 Updated: Jul 6 at 9:54AM Checked: Jul 21 at 5:38AM
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 Speckman Commercial Properties
Investment Insights
Based on property information with market context.
Located on the corner of State Avenue and Johnson Street, this office space is situated one block from North Main Street. The property is zoned Transitional Office and includes parking in the back. The space measures approximately 1236 square feet. All sizes are subject to buyer verification.
Key Highlights
- Great location on the corner of State Ave and Johnson St.
- One block from N Main St.
- Zoning is Transitional Office.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.8k | $21.72 |
| − Vacancy | −$3.7k | −$3.00 |
| EGI | $23.1k | $18.72 |
| − OpEx | −$5.8k | −$4.68 |
| NOI | $17.4k | $14.04 |
1,236 SF · lease $21.72/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.9K
$217.0K – $289.3K
NOI $17,356 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$318.5K
$278.7K – $371.6K
NOI $22,297 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Carolina First Home ...
Loan Service
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FAQs
What type of property is this?
Office units - Office space in a great location with parking.
Where is this office units located?
The property is located at 1521 Johnson St High Point, NC.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Great location on the corner of State Ave and Johnson St.; One block from N Main St.; Zoning is Transitional Office.
