Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Office Building with Canopy Title is generated by Realmo AI

    272 Fayetteville Street, Asheboro, NC 27203

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    COMMERCIAL - Asheboro, NC

    Type:Office
    Property size:
    4,548 SF
    Added:
    May 20, 2026
    Days on Market:
    2
    Last Refresh:
    May 21 at 6:06 am

    Property Features for 272 Fayetteville Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    B2
    Parking
    20
    Standard status
    Active
    Size
    4,548 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1

    We can help!

    Listing Contact
    Kathryn Thill

    Listing agent Kathryn Thill

    Listing office Tyler Redhead & McAlister Real Estate, LLC Greensboro, NC

    Listing date May 20, 2026

    MLS# 1220494

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Renovated in 2023, ready for immediate occupancy.
    • High visibility location on a corner lot, beside a stoplight on a major road.
    • Covered drive‑through canopy for parking or other access.
    • Ample parking available.
    • Versatile layout with 5‑6 private offices, call rooms, open area, and breakroom.
    • Original bank vault, suitable for storage or a conference room.

    Overview

    This spacious office building, formerly a bank, is situated on a level corner lot with high visibility. Located beside a stoplight on one of Asheboro's most traveled roads, the property features ample parking and a covered drive-through canopy. Renovated in 2023, the 4,548 square foot building is suitable for a wide range of business types. The layout includes 5-6 private offices, 2 small call rooms, a breakroom/kitchen, and 2 bathrooms. The original bank vault can be used for storage or as a conference room. A large, open center area offers flexibility for division and multiple purposes. The property also includes a basement for storage and utility management. The property is located in Asheboro, Randolph County, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lisa Ritch Welborn Loan Service Tyler Wilhoit Group ... Real Estate Agency ATM Atm Truist Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Gym & Fitness Center Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.81291
    Latitude
    35.709045

    Nearby Similar for Lease

    • Contact for pricing
      6,000 SF

      Medical Office Space Available

      6000 sqft medical office space in downtown Asheboro.
      208 W Salisbury Street, Asheboro, NC 27203
      View Details
    • Contact for pricing
      9,600 SF

      Asheboro Commercial Building For Rent

      Commercial building in a busy, signaled intersection in Asheboro.
      603 N Fayetteville Street, Asheboro, NC 27203
      View Details
    • Contact for pricing
      5,200 SF

      Asheboro Retail/Office Space Available

      Retail or office space available for lease in Asheboro.
      1640 US Highway 64, Asheboro, NC 27203
      View Details
    • Contact for pricing
      24,000 SF

      Asheboro Warehouse Space Available

      24,000 sqft warehouse for lease near Toyota and Wolfspeed sites.
      2463 Old Farmer Road, Asheboro, NC 27205
      View Details
    • Contact for pricing
      6,568 SF

      Freestanding Restaurant Space For Lease

      6,568 SF restaurant space with parking available for lease.
      2200 N Fayetteville St, Asheboro, NC 27203
      View Details
    • $12 SF/Yr
      3,591 SF

      Office/Retail Space For Rent

      3,591 SF office/retail space with abundant parking.
      1064 E Dixie Dr, Asheboro, NC
      View Details
    • $1.00 SF/Yr
      4,022 SF

      Restaurant Space For Rent

      Restaurant space available for lease in Asheboro, North Carolina.
      1106 E Dixie Dr, Asheboro, NC
      View Details
    • Contact for pricing
      49,000 SF

      Retail Center Near Downtown Asheboro

      Retail and office spaces available near Asheboro's medical district.
      338-372 N Fayetteville St, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Retail Space with Pylon Signage

      Retail space with high visibility and multiple access points.
      1330 E Dixie Dr, Asheboro, NC 27203
      View Details

    FAQs

    What type of property is this?
    Office building - Spacious, renovated office building with high visibility and ample parking.
    Where is this office building located?
    The property is located at 272 Fayetteville Street Asheboro, NC.
    What are key features of this property?
    This property features: Renovated in 2023, ready for immediate occupancy.; **High visibility location** on a corner lot, beside a stoplight on a major road.; **Covered drive‑through canopy** for parking or other access.
    (336) 247-1217
    We can help!
    Listing Contact
    Kathryn Thill
    Learn More
    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
    272 Fayetteville Street, Asheboro, NC 27203
    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!