Highway 64 Commercial
For Sale
$748,125
557 E Dixie Dr, Asheboro, NC 27203
0.45 acres on high-traffic corridor, suitable for various businesses.
Property Size5,095 SF
Price / SF$146.84
Days on Market565
Property Features for 557 E Dixie Dr
General Information
Standard status
Active
Size
5,095 SF
Property subtype
Commercial
Building Details
Year Built
1937
Listing Agency:
McKenzie Real Estate of NC LLC
Listed By:
Jenna McKenzie · License #272937
(336) 750-6986
Source:
Searchhomesinthetriad
Added: Apr 14, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:36AM
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 McKenzie Real Estate of NC LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial opportunity is located on Highway 64 and includes four parcels totaling 0.45 acres. The parcels will be sold together. Two of the parcels have buildings, and two are vacant lots. The property is located on a high-traffic corridor with over 34,500 daily vehicles. The location offers visibility and is surrounded by national brands such as KFC, Dairy Queen, Dunkin’, Hardee’s, CVS, Southern States, and Cook Out. The property is zoned B2, allowing for a variety of business uses. The area is a well-established commercial area with traffic and demand, suitable for business or investment.
Key Highlights
- Prime commercial location on Highway 64 with high traffic volume (34,500+ daily vehicles).
- Four parcels totaling 0.45 acres included (2 with buildings, 2 vacant lots).
- Located in a well‑established commercial area surrounded by major national brands.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,863
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,260
$1.3M
Cap Rate 7%
$940,900
$940.9K
Cap Rate 9%
$731,811
$731.8K
Market Conditions
NOI Build-Up for 5,095 SF
Gross rent
$96.6K $18.96/SF
− Vacancy
−$2.5K −$0.49/SF
EGI
$94.1K $18.47/SF
− OpEx
−$28.2K −$5.54/SF
NOI
$65.9K $12.93/SF
Area
Randolph County, NC
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,317,260
Cap Rate 7%
$940,900
Cap Rate 9%
$731,811
Alternative Uses
Best Use
Retail
$940.9K
$823.3K – $1.10M
NOI $65,863 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,685 @ 7.0% cap · market cap 16.40%
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
487
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 21%
Home Improvements & Furnishings 3%
Electronics 2%
Cook Out
Dining
30,575 visits/mo
0.1 miles
Dunkin' Donuts
Dining
17,563 visits/mo
0.2 miles
Hardee's
Dining
10,667 visits/mo
0.2 miles
Dollar General
Shops & Services
9,980 visits/mo
0.2 miles
KFC
Dining
9,537 visits/mo
0.1 miles
Demographics for 27203, NC
21,869
Population
9,937
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
22.5 sq mi
ZIP Area
972
Density / Sq Mi
$47,506
Median Household Income
$32,900
Median Earnings
$852
Median Rent
$141,100
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?
Commercial land - 0.45 acres on high-traffic corridor, suitable for various businesses.
Where is this commercial land located?
The property is located at 557 E Dixie Dr Asheboro, NC.
What is the asking price?
The asking price for this property is $748,125.
What are key features of this property?
This property features: Prime commercial location on Highway 64 with high traffic volume (34,500+ daily vehicles).; Four parcels totaling 0.45 acres included (2 with buildings, 2 vacant lots).; Located in a well‑established commercial area surrounded by major national brands.
