Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Building Near University Title is generated by Realmo AI

    1508- 1512 Willard Avenue, High Point, NC 27260

    View on Map
    Claim this Listing
    For Sale
    $349,900

    Ready-to-use building near High Point University with versatile spaces.

    Type:Commercial
    Added:
    Aug 22, 2025
    Days on Market:
    289
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 1508- 1512 Willard Avenue

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    AYLEC SARDUY

    Listing agent AYLEC SARDUY

    Listing office ALLEN TATE OAK RIDGE COMMONS

    Listing date Aug 22, 2025

    Source Corcoran

    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 ALLEN TATE OAK RIDGE COMMONS

    HighLights

    • Turn‑key building suitable for immediate use.
    • Close proximity to High Point University.
    • Double parcel property, nearly half an acre of cleared land.
    • Includes an additional property (1514).
    • Large main space with two bathrooms, currently used as a studio and church.
    • Additional attached space suitable for office or separate use.

    Overview

    This turn-key building is located close to High Point University. It features a lobby area and a large main space with two bathrooms, currently utilized as a studio and for church services. An additional attached space offers potential for office use or separate functions. The building is situated on double parcels, comprising nearly half an acre of cleared land. The purchase includes the adjacent property at 1514 Willard Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.9788
    Latitude
    35.9694

    Nearby Similar for Sale

    • $699,000
      5,200 SF

      High Point Multifamily Investment Property

      Seven-unit apartment building with ample parking and tenant-paid utilities.
      1500 Deep River Road, High Point, NC 27265
      View Details
    • $6,250,000
      174,000 SF

      High Point Industrial Property

      174,000+ sqft manufacturing property in High Point, NC.
      1801 S University Parkway, High Point, NC 27260
      View Details
    • $1,290,000
      21,500 SF

      Renovated High Point Warehouse For Sale

      Renovated 21,500 SF HI-zoned warehouse with office and loading docks.
      422 & 420 South Road, High Point, NC 27262
      View Details
    • $859,900

      High Point Multi-Unit Property

      Multi-unit property with six units, fully rented, long-term tenants.
      2715 Central Avenue, High Point, NC 27260
      View Details
    • $1,000,000
      5,750 SF

      High Point Commercial Flex Space

      Flex space available for sale in High Point, NC.
      306-310 Burton Avenue, High Point, NC 27262
      View Details
    • $22,567,000
      50,000 SF

      Tesla Sales, Delivery & Service Center

      Fee simple acquisition of a 2023-redeveloped Tesla facility secured by a long-term corporate lease.
      2620 North Main Street, High Point, NC 27262
      View Details
    • $310,000

      Income Producing Multi-Family Property

      Income-generating property with seven active leases in High Point, NC.
      1314 Franklin Avenue, High Point, NC 27260
      View Details
    • $599,000

      High Point Church Property

      Church property on 0.86 acres with redevelopment potential.
      1014 Gaines Avenue, High Point, NC 27263
      View Details
    • $995,000
      57,407 SF

      High Point Retail/Showroom Opportunity

      57,407 SF retail/showroom space near downtown High Point.
      1690 W English Rd, High Point, NC
      View Details
    • $350,000
      1,848 SF

      High Point Tire Shop Property

      Commercial property currently rented and used as a tire shop.
      1222 S Main Street, High Point, NC 27260
      View Details
    • $375,000

      Industrial Building Near US29

      Industrial building with expansion potential near US29 in High Point.
      412 Greer Avenue High Point, NC 27260
      View Details
    • $850,000
      3,432 SF

      Profitable Car Wash on Main

      Well-maintained car wash in High Point with income potential.
      3425 N Main St, High Point, NC 27265
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Ready-to-use building near High Point University with versatile spaces.
    Where is this church & religious facility located?
    The property is located at 1508- 1512 Willard Avenue High Point, NC.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Turn‑key building suitable for immediate use.; Close proximity to High Point University.; Double parcel property, nearly half an acre of cleared land.
    (336) 644-1238
    We can help!
    Listing Contact
    AYLEC SARDUY
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1508- 1512 Willard Avenue, High Point, NC 27260
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!