Remodeled Office Building on Eastchester
For Sale
Contact for pricing
1400 Eastchester Drive, High Point, NC 27265
Fully leased, furnished office building with high traffic location.
Property Size20,385 SF
Price / SF$195.98
Days on Market98
Property Features for 1400 Eastchester Drive
General Information
Standard status
Active
Size
20,385 SF
Class
A
Property subtype
Office
Zoning
OI
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
2008
Buildings
1
Tenancy
Multi
Listing Agency:
Freeman Commercial Real Estate
(336) 768-4410
Listed By:
Shawn O'Neill · License #352350
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Aug 22 at 2:58PM
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
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
$286,246
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
7.17%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 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
