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 Market266
Property Features for 1631 Worthville Road
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.57 Acres
Property subtype
Commercial
Listing Agency:
GATEWAY PROPERTIES AND DEVELOPMENT
(336) 669-9404
Listed By:
BETSY MOODY · License #169537
Source:
Corcoran
Added: Nov 7, 2025
Changed: Jul 10
Last Checked: Jul 30 at 9:42AM
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
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 For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.2k | $6.06 |
| − Vacancy | −$1.5k | −$0.37 |
| EGI | $22.8k | $5.69 |
| − OpEx | −$6.8k | −$1.71 |
| NOI | $15.9k | $3.98 |
4,000 SF · lease $6.06/SF/yr · vacancy 6.10% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
25
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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**
