Remodeled Office Building on Eastchester
For Sale
$3,995,000
1400 Eastchester Dr, High Point, NC 27265
Fully leased, furnished office building with high traffic location.
Property Size20,385 SF
Price / SF$365.88
Days on Market151
Property Features for 1400 Eastchester Dr
General Information
Standard status
Active
Size
20,385 SF
Class
A
Property subtype
Office
Building Details
Building Size
20,385 SF
Year Renovated
2026
Listing Agency:
Freeman Commercial Real Estate
Listed By:
Charlie Freeman · License #20832
(336) 768-4410
Source:
Commercialcafe
Added: May 20
Changed: Oct 14
Last Checked: Oct 16 at 6:21AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,324
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,066,480
$3.1M
Cap Rate 7%
$2,190,343
$2.2M
Cap Rate 9%
$1,703,600
$1.7M
Market Conditions
NOI Build-Up for 10,919 SF
Gross rent
$237.2K $21.72/SF
− Vacancy
−$32.7K −$3.00/SF
EGI
$204.4K $18.72/SF
− OpEx
−$51.1K −$4.68/SF
NOI
$153.3K $14.04/SF
Area
High Point, NC
Vacancy
13.80%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,066,480
Cap Rate 7%
$2,190,343
Cap Rate 9%
$1,703,600
Alternative Uses
Best Use
Office B
$2.19M
$1.92M – $2.56M
NOI $153,324 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,978 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 27265, NC
52,530
Population
22,526
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
1,266
Density / Sq Mi
$70,929
Median Household Income
$43,006
Median Earnings
$1,123
Median Rent
$239,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 Dr 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
