Building Details

Year Built 1913

Stories 2

Listing Agency: Price Realtors

Listed By: Rick Vaughn · License #nc Show Phone

Source: Crexi

Added: Dec 2, 2023 Changed: Oct 3 Last Checked: Oct 16 at 7:42AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$25,440

Cap Rate

3.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$508,800 $508.8K

Cap Rate 7%

$363,429 $363.4K

Cap Rate 9%

$282,667 $282.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,170 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $30,473 @ 7.0% cap · market cap 4.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

ATM High Point ... Atm Guilford + Main Clothing & Fashion Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office Restaurant Real Estate Agency Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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