Two-Story Office
For Sale
Contact for pricing
207 W Main St, Jamestown, NC 27282
Two-story house on a sizable tract with Office/Residential zoning and an adjacent residential lot.
Property Size2,170 SF
Lot Size2.18 Acres
Price / SF$322.12
Days on Market1004
Property Features for 207 W Main St
General Information
Standard status
Active
Size
2,170 SF
Lot size
2.18 Acres
Property subtype
Retail
Zoning
Office /Residencial
Investment Type
Redevelopment
Additional Details
Road Access
Yes
Land Use
office, residential
Building Details
Year Built
1913
Stories
2
Listing Agency:
Price Realtors
Listed By:
Rick Vaughn · License #nc
Source:
Crexi
Added: Dec 2, 2023
Changed: Aug 29
Last Checked: Aug 29 at 7:16PM
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 Price Realtors
Investment Insights
Based on property information with market context.
This office property includes a two-story house constructed in 1913 and is associated with 2.18 acres at 207 W Main Street in Jamestown, North Carolina. The property is zoned Office/Residential, providing a defined commercial and residential land-use designation.
The offering also includes an adjacent residential lot measuring 1.92 acres. Together, the house and adjoining lot create a multi-parcel property along Main Street, with the office-zoned component and residential acreage identified separately in the property information.
The offering also includes an adjacent residential lot measuring 1.92 acres. Together, the house and adjoining lot create a multi-parcel property along Main Street, with the office-zoned component and residential acreage identified separately in the property information.
Key Highlights
- Two‑story house constructed in 1913
- 2.18‑acre property at 207 W Main Street
- Zoned Office /Residencial
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
$25,440
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
3.64%
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%
$508,800
$508.8K
Cap Rate 7%
$363,429
$363.4K
Cap Rate 9%
$282,667
$282.7K
Market Conditions
NOI Build-Up for 2,170 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
$43.5K $20.04/SF
− Vacancy
−$9.6K −$4.41/SF
EGI
$33.9K $15.63/SF
− OpEx
−$8.5K −$3.91/SF
NOI
$25.4K $11.72/SF
Area
Guilford County, NC
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$508,800
Cap Rate 7%
$363,429
Cap Rate 9%
$282,667
Alternative Uses
Best Use
Office B
$363.4K
$318.0K – $424.0K
NOI $25,440 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$435.3K
$380.9K – $507.9K
NOI $30,473 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 27282, NC
15,966
Population
6,560
Households
2.4
Avg Household Size
43
Median Age
52%
College-Educated
97%
High-School Grad
14.7 sq mi
ZIP Area
1,086
Density / Sq Mi
$86,270
Median Household Income
$53,031
Median Earnings
$1,374
Median Rent
$267,400
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Two-story house on a sizable tract with Office/Residential zoning and an adjacent residential lot.
Where is this office building located?
The property is located at 207 W Main St Jamestown, NC.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑story house constructed in 1913; 2.18‑acre property at 207 W Main Street; Zoned Office /Residencial
