Highway Frontage Industrial/Healthcare
For Sale
$219,000
9764 Us Highway 220 Bus N, Randleman, NC 27317
1900 SF space zoned HC and Industrial Warehouse on 0.54 acres.
Property Size1,900 SF
Lot Size0.54 Acres
Price / SF$115.26
Days on Market896
Property Features for 9764 Us Highway 220 Bus N
General Information
Standard status
Active
Size
1,900 SF
Lot size
0.54 Acres
Listing Agency:
Allen Tate High Point
(336) 289-3951
Listed By:
Miguel Carreno · License #262432
(336) 289-3951
Source:
Exprealty
Added: Mar 7, 2024
Changed: Aug 20
Last Checked: Aug 20 at 1:14PM
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 Allen Tate High Point
Investment Insights
Based on property information with market context.
This 1900 square foot space is zoned for Healthcare (HC) and Industrial Warehouse use. The building, with dimensions of 24x39 and 48x20, is situated on 0.54 acres with 240 feet of frontage directly on US Highway 220 Business N. It features a 3-bay garage. The property is located in a high-traffic area minutes from Randleman, Greensboro, and Asheboro, with convenient access to major highways. The property is sold "as is".
Key Highlights
- 1900 SQF space zoned for HC and Industrial Warehouse use.
- Prime location on US Hwy 220 Business N with high traffic.
- 3 bay garage and (48x20) building on 0.54 acres with 240ft frontage.**
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
$9,190
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
4.20%
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%
$183,800
$183.8K
Cap Rate 7%
$131,286
$131.3K
Cap Rate 9%
$102,111
$102.1K
Market Conditions
NOI Build-Up for 1,900 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
$11.5K $6.06/SF
− Vacancy
−$702 −$0.37/SF
EGI
$10.8K $5.69/SF
− OpEx
−$1.6K −$0.85/SF
NOI
$9.2K $4.84/SF
Area
Randolph County, NC
Vacancy
6.10%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
15.00%
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%
$183,800
Cap Rate 7%
$131,286
Cap Rate 9%
$102,111
Alternative Uses
Best Use
Warehouse
$131.3K
$114.9K – $153.2K
NOI $9,190 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$108.1K
$94.6K – $126.1K
NOI $7,568 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$653.6K
$571.9K – $762.5K
NOI $45,751 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27317, NC
17,563
Population
7,276
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
54.1 sq mi
ZIP Area
325
Density / Sq Mi
$57,266
Median Household Income
$34,578
Median Earnings
$793
Median Rent
$170,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 1900 SF space zoned HC and Industrial Warehouse on 0.54 acres.
Where is this warehouse located?
The property is located at 9764 Us Highway 220 Bus N Randleman, NC.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 1900 SQF space zoned for HC and Industrial Warehouse use.; Prime location on US Hwy 220 Business N with high traffic.; 3 bay garage and (48x20) building on 0.54 acres with 240ft frontage.**
