Specialized Lab Office
For Sale
Contact for pricing
4090 Premier Dr, High Point, NC 27265
Fully leased facility combines office, laboratory, and secure data-center capabilities.
Property Size53,053 SF
Price / SF$157.04
Days on Market160
Property Features for 4090 Premier Dr
General Information
Standard status
Active
Size
53,053 SF
Total Parking Spaces
211
Property subtype
Office
Occupancy
100%
Net Operating Income
$666,513
Amenities
on-site gym
common outdoor area
Building Details
Year Built
1997
Stories
2
Tenancy
Multi
Building Size
53,053 SF
Listing Agency:
Newmark - Atlanta - 3455 Peachtree Road
Listed By:
Colt Neal · License #373897
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 7:12AM
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 Newmark - Atlanta - 3455 Peachtree Road
Investment Insights
Based on property information with market context.
The 53,053 SF facility contains specialized office and laboratory improvements configured for secure technical operations. Building capabilities include SCIF space, a protected data center, a network operations center, wireless testing laboratory, prototyping laboratory, and a dedicated staging area. Power, HVAC, and cabling are installed throughout the staging environment to support concurrent assembly, integration, testing, and demonstrations. An on-site gym and shared outdoor area are also provided.
Two recent expansions added 18,328 SF, comprising a 15,581 SF addition and a 2,747 SF addition. The property is 100% leased to CACI under a new 7.5-year firm lease. The facility also accommodates engineer training, including classified work, and has supported more than 200 defense and non-defense programs for agencies in the United States and abroad. Located at 4090 Premier Dr in High Point, North Carolina, the building was completed in 1997.
Two recent expansions added 18,328 SF, comprising a 15,581 SF addition and a 2,747 SF addition. The property is 100% leased to CACI under a new 7.5-year firm lease. The facility also accommodates engineer training, including classified work, and has supported more than 200 defense and non-defense programs for agencies in the United States and abroad. Located at 4090 Premier Dr in High Point, North Carolina, the building was completed in 1997.
Key Highlights
- 53,053 SF specialized office and laboratory facility
- 100% leased to CACI under a new 7.5‑year firm lease
- Two expansions added 18,328 SF, including 15,581 SF and 2,747 SF additions
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
$744,969
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
8.94%
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%
$14,899,380
$14.9M
Cap Rate 7%
$10,642,414
$10.6M
Cap Rate 9%
$8,277,433
$8.3M
Market Conditions
NOI Build-Up for 53,053 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
$1.15M $21.72/SF
− Vacancy
−$159.0K −$3.00/SF
EGI
$993.3K $18.72/SF
− OpEx
−$248.3K −$4.68/SF
NOI
$745.0K $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%
$14,899,380
Cap Rate 7%
$10,642,414
Cap Rate 9%
$8,277,433
Alternative Uses
Best Use
Office B
$10.64M
$9.31M – $12.42M
NOI $744,969 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.67M
$11.96M – $15.95M
NOI $957,073 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,003
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 facility combines office, laboratory, and secure data-center capabilities.
Where is this office building located?
The property is located at 4090 Premier Dr High Point, NC.
What is the asking price?
The asking price for this property is $8,331,412.
What are key features of this property?
This property features: 53,053 SF specialized office and laboratory facility; 100% leased to CACI under a new 7.5‑year firm lease; Two expansions added 18,328 SF, including 15,581 SF and 2,747 SF additions
