Remodeled Office Building on Eastchester
1400 Eastchester Drive High Point, NC 27265
1400 Eastchester Drive, High Point, NC, 27265
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For Sale
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Fully leased, furnished office building with high traffic location.
Property Size20,385 SF
Price / SF$195.98
Days on Market61
Property Features for 1400 Eastchester Drive
General Information
- Standard status
- Active
- Size
- 20,385 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing Agency
Freeman Commercial Real Estate
Listed by
Shawn O'Neill · License #352350
Source
Crexi
Added: May 18 Checked: Jul 17 at 12:52 pm
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 Freeman Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a fully leased and recently remodeled Class A office building situated on high-traffic Eastchester Drive. The property encompasses approximately 10,919 square feet of fully furnished space. A new roof is planned for installation in 2026. The location offers convenient access to the interstate and is a short drive from downtown High Point. The total property size is 20,385 square feet.
Key Highlights
- Fully leased Class A office building
- Recently remodeled, offering a modern and updated workspace
- 10,919 +/- SF fully furnished space
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 | $442.8k | $21.72 |
| − Vacancy | −$61.1k | −$3.00 |
| EGI | $381.7k | $18.72 |
| − OpEx | −$95.4k | −$4.68 |
| NOI | $286.2k | $14.04 |
20,385 SF · lease $21.72/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.09M
$3.58M – $4.77M
NOI $286,246 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.25M
$4.60M – $6.13M
NOI $367,744 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
C and J Appraisal ...
Real Estate Agency
Skeen Group
Real Estate Agency
Sean Kirk Realtor
Real Estate Agency
Erica Yochim, Realtor ...
Real Estate Agency
Sharon Burgos, Realtor
Real Estate Agency
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FAQs
What type of property is this?
Office building - Fully leased, furnished office building with high traffic location.
Where is this office building located?
The property is located at 1400 Eastchester Drive High Point, NC.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Fully leased Class A office building; Recently remodeled, offering a modern and updated workspace; 10,919 +/- SF fully furnished space
