Versatile Building on Large
For Sale
$249,900
1631 Worthville Road, Randleman, NC 27317
1.57 acre lot with 4000sf building, rezoning potential.
Property Size4,000 SF
Lot Size1.57 Acres
Price / SF$62.48
Days on Market357
Property Features for 1631 Worthville Road
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.57 Acres
Property subtype
Commercial
Amenities
Cleared
Listing Agency:
GATEWAY PROPERTIES AND DEVELOPMENT
(336) 669-9404
Listed By:
BETSY MOODY · License #169537
(336) 629-1111
Source:
Corcoran
Added: Nov 7, 2025
Changed: Oct 25
Last Checked: Oct 30 at 2:23PM
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 GATEWAY PROPERTIES AND DEVELOPMENT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a building on a 1.57-acre lot. The building, approximately 4000 square feet, is currently zoned for towing under conditional use. The property could be suitable for various businesses, subject to rezoning. Approximately 2500 square feet of the building has a ceiling height of 16 feet. A new well is being drilled, and a new septic system is being installed.
Key Highlights
- 1.57 acre lot
- Approximately 4000sf building
- About 2500sf has 16ft ceiling height**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,933
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,660
$318.7K
Cap Rate 7%
$227,614
$227.6K
Cap Rate 9%
$177,033
$177.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$24.2K $6.06/SF
− Vacancy
−$1.5K −$0.37/SF
EGI
$22.8K $5.69/SF
− OpEx
−$6.8K −$1.71/SF
NOI
$15.9K $3.98/SF
Area
Randolph County, NC
Vacancy
6.10%
Lease Rate
$6.06 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,660
Cap Rate 7%
$227,614
Cap Rate 9%
$177,033
Alternative Uses
Best Use
Retail
$738.7K
$646.4K – $861.8K
NOI $51,708 @ 7.0% cap · market cap 20.69%
Second Best
Industrial
$227.6K
$199.2K – $265.6K
NOI $15,933 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,318 @ 7.0% cap · market cap 38.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27317, NC
17,563
Population
7,276
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
54.1 sq mi
ZIP Area
325
Density / Sq Mi
$57,266
Median Household Income
$34,578
Median Earnings
$793
Median Rent
$170,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Auto shop - 1.57 acre lot with 4000sf building, rezoning potential.
Where is this auto shop located?
The property is located at 1631 Worthville Road Randleman, NC.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1.57 acre lot; Approximately 4000sf building; About 2500sf has 16ft ceiling height**
