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    High Point Showroom For Sale Title is generated by Realmo AI

    525 N Wrenn St, High Point, NC

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    15,322 SF showroom with dock door and high ceilings.

    Type:RETAIL
    Property size:
    15,322 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $208/SF
    Added:
    Oct 30, 2024
    Days on Market:
    596
    Last Refresh:
    May 20 at 9:07 pm

    Property Features for 525 N Wrenn St

    General Information

    Standard status
    Active
    Size
    15,322 SF
    Lot size
    0.75 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Alex Field
    Alex Field

    Listing agent Alex Field

    Listing office DeLille | Field Commercial Real Estate

    Listing date Oct 30, 2024

    Source Moodyscre

    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 DeLille | Field Commercial Real Estate

    HighLights

    • Dock door for easy loading and unloading.
    • High ceilings (19'8") suitable for various uses.
    • Vacant possession possible within 30 days.
    • Includes kitchen/break room.
    • Fully sprinkled for fire safety.
    • Two restrooms.

    Overview

    A 15,322 square foot showroom is available for sale. The property features one dock door, two restrooms, and a kitchen/break room. The ceiling height reaches 19 feet 8 inches to the decking. The building is fully sprinkled. Currently used by the owner as a furniture clearance store, the property can be vacated within 30 days of lease commencement. The property is located on N Wrenn St in High Point, NC.

    Local Financial Insights For Retail

    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 $275.8k $18.00
    − Vacancy −$8.3k −$0.54
    EGI $267.5k $17.46
    − OpEx −$80.3k −$5.24
    NOI $187.3k $12.22
    15,322 SF · lease $18.00/SF/yr · vacancy 3.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.68M
    $2.34M – $3.12M (±1% cap)
    NOI $187,265 @ 7.0% cap · market cap 5.85%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.95M
    $3.46M – $4.61M (±1% cap)
    NOI $276,408 @ 7.0% cap · market cap 8.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tomlinson/Erwin-Lambeth, Directional, Carter ... Big Box & Wholesale Store ST2 Production Facility Connie Flick Home Decor Store

    Suggested Use

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

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

    Similar Places Nearby

    • Asia Minor Carpets Inc — 305 W High Ave, High Point, NC 27260
    • Midas Rugs USA — 233 S Elm St Unit- C102, High Point, NC 27260
    • Loloi Rugs — 210 E Commerce Ave, High Point, NC 27260
    • Harounian Rugs International (HRI), High Point Showroom — 317 W High Ave suite 110-a, High Point, NC 27260
    • Tamarian LLC — 401 E Russell Ave #112, High Point, NC 27260

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -80.01
    Latitude
    35.9645

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    FAQs

    What type of property is this?
    Showroom - 15,322 SF showroom with dock door and high ceilings.
    Where is this showroom located?
    The property is located at 525 N Wrenn St High Point, NC.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Dock door for easy loading and unloading.; High ceilings (19'8") suitable for various uses.; Vacant possession possible within 30 days.
    (336) 442-0744 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Field
    Alex Field
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