Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse with Fenced Truck Yard Title is generated by Realmo AI

    1415 S Elm St, High Point, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    46,000 SF warehouse suitable for warehousing and distribution.

    Type:INDUSTRIAL
    Property size:
    46,000 SF
    Lot size:
    2.87 Acres
    Price / SF:
    $47/SF
    Added:
    Dec 27, 2024
    Days on Market:
    511
    Last Refresh:
    Apr 5 at 8:24 pm

    Property Features for 1415 S Elm St

    General Information

    Standard status
    Active
    Size
    46,000 SF
    Lot size
    2.87 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Scott Mladenik
    Scott Mladenik

    Listing agent Scott Mladenik License #276355

    Listing office RE/MAX Executive

    Listing date Dec 27, 2024

    Source Moodyscre

    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 RE/MAX Executive

    HighLights

    • Logistical access to major highways
    • Highly functional for warehousing/distribution
    • Fenced in truck yard
    • Power – 480 V 3 Phase
    • Ideal for owner operator
    • Open Floor Plan

    Overview

    This 46,000 square foot warehouse is suitable for warehousing and distribution. It features an open floor plan and a fenced truck yard. The property offers logistical access to major highways and is equipped with 480V 3-phase power, making it highly functional for its intended use. It is ideal for an owner-operator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evergreen Turf Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • Fairfield Business Park — High Point, NC 27263

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -80.0052
    Latitude
    35.9362

    Nearby Similar for Sale

    • $699,000
      5,200 SF

      High Point Multifamily Investment Property

      Seven-unit apartment building with ample parking and tenant-paid utilities.
      1500 Deep River Road, High Point, NC 27265
      View Details
    • $6,250,000
      174,000 SF

      High Point Industrial Property

      174,000+ sqft manufacturing property in High Point, NC.
      1801 S University Parkway, High Point, NC 27260
      View Details
    • $350,000
      1,848 SF

      High Point Tire Shop Property

      Commercial property currently rented and used as a tire shop.
      1222 S Main Street, High Point, NC 27260
      View Details
    • $1,290,000
      21,500 SF

      Renovated High Point Warehouse For Sale

      Renovated 21,500 SF HI-zoned warehouse with office and loading docks.
      422 & 420 South Road, High Point, NC 27262
      View Details
    • $859,900

      High Point Multi-Unit Property

      Multi-unit property with six units, fully rented, long-term tenants.
      2715 Central Avenue, High Point, NC 27260
      View Details
    • $1,000,000
      5,750 SF

      High Point Commercial Flex Space

      Flex space available for sale in High Point, NC.
      306-310 Burton Avenue, High Point, NC 27262
      View Details
    • $310,000

      Income Producing Multi-Family Property

      Income-generating property with seven active leases in High Point, NC.
      1314 Franklin Avenue, High Point, NC 27260
      View Details
    • $599,000

      High Point Church Property

      Church property on 0.86 acres with redevelopment potential.
      1014 Gaines Avenue, High Point, NC 27263
      View Details
    • $995,000
      57,407 SF

      High Point Retail/Showroom Opportunity

      57,407 SF retail/showroom space near downtown High Point.
      1690 W English Rd, High Point, NC
      View Details
    • $199,000

      Renovated Pool and Activity Area

      Pool and activity area renovated in 2017 on 2.5+/- acres.
      1617 Shaver St, High Point, NC
      View Details
    • $375,000
      3,600 SF

      High Point Industrial Property For Sale

      3,600 SF industrial property with expansion potential in High Point.
      412 Greer Ave, High Point, NC
      View Details
    • $375,000

      Industrial Building Near US29

      Industrial building with expansion potential near US29 in High Point.
      412 Greer Avenue High Point, NC 27260
      View Details

    FAQs

    What type of property is this?
    Warehouse - 46,000 SF warehouse suitable for warehousing and distribution.
    Where is this warehouse located?
    The property is located at 1415 S Elm St High Point, NC.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Logistical access to major highways; Highly functional for warehousing/distribution; Fenced in truck yard
    (708) 609-6923 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Mladenik
    Scott Mladenik
    Real Estate License ID: 276355
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1415 S Elm St, High Point, NC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!