Fully Furnished Office
For Sale
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1400 Eastchester Dr, High Point, NC 27265
Recently remodeled office building with a fully furnished, fully leased space on high-traffic Eastchester Drive.
Property Size20,385 SF
Price / SF$195.98
Days on Market171
Property Features for 1400 Eastchester Dr
General Information
Standard status
Active
Size
20,385 SF
Class
Class A
Property subtype
OFFICE
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Listing Agency:
Freeman Commercial Real Estate
(336) 768-4410
Listed By:
Charles Freeman III
(910) 599-6267
Source:
Moodyscre
Added: May 18
Changed: Oct 26
Last Checked: Nov 3 at 8:38AM
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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Investment Insights
Based on property information with market context.
Fully leased and recently remodeled Class A office building located on high-traffic Eastchester Drive. The available 10,919 +/- SF space is fully furnished, supporting immediate move-in for an office tenant.
The building benefits from its proximity to the interstate and is a short drive to downtown High Point. A new roof is scheduled for 2026, providing an important long-term capital item.
This property is positioned as a developed office asset with an existing tenant in place and furnishing already included for the specified space.
The building benefits from its proximity to the interstate and is a short drive to downtown High Point. A new roof is scheduled for 2026, providing an important long-term capital item.
This property is positioned as a developed office asset with an existing tenant in place and furnishing already included for the specified space.
Key Highlights
- Fully leased office building on high‑traffic Eastchester Drive
- 10,919 +/- SF space is fully furnished
- Recently remodeled Class A office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,246
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,724,920
$5.7M
Cap Rate 7%
$4,089,229
$4.1M
Cap Rate 9%
$3,180,511
$3.2M
Market Conditions
NOI Build-Up for 20,385 SF
Gross rent
$442.8K $21.72/SF
− Vacancy
−$61.1K −$3.00/SF
EGI
$381.7K $18.72/SF
− OpEx
−$95.4K −$4.68/SF
NOI
$286.2K $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%
$5,724,920
Cap Rate 7%
$4,089,229
Cap Rate 9%
$3,180,511
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Recently remodeled office building with a fully furnished, fully leased space on high-traffic Eastchester Drive.
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 office building on high‑traffic Eastchester Drive; 10,919 +/- SF space is fully furnished; Recently remodeled Class A office building
