Renovated Four-Office
For Sale
$194,900
603d Eastchester Dr, High Point, NC 27262
End-unit office configuration with access from both front and side parking areas.
Property Size1,250 SF
Price / SF$155.92
Days on Market133
Property Features for 603d Eastchester Dr
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Commercial
Amenities
kitchen
Building Details
Year Built
1985
Listing Agency:
Orrell Associates
Listed By:
Kay Orrell
(828) 396-8692
Source:
Searchhomesinthetriad
Added: Jun 6
Changed: Oct 1
Last Checked: Oct 14 at 11:12PM
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 Orrell Associates
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Investment Insights
Based on property information with market context.
This renovated 1,250-square-foot office unit includes four private offices, a reception and waiting area, and an entry foyer with chandelier lighting. Floor-to-ceiling glass in the front office brings in an outside view, while taller ceilings create an open feel throughout the suite. New laminate flooring, storage closets, and a kitchen add practical functionality for daily operations.
The end-unit layout provides access from the front and side parking areas. Built in 1985, the property is located at 603d Eastchester Dr in High Point, North Carolina.
The end-unit layout provides access from the front and side parking areas. Built in 1985, the property is located at 603d Eastchester Dr in High Point, North Carolina.
Key Highlights
- 1,250 SF renovated office unit
- Four offices with reception and waiting area
- Floor‑to‑ceiling glass in the front office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,552
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,040
$351.0K
Cap Rate 7%
$250,743
$250.7K
Cap Rate 9%
$195,022
$195.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.2K $21.72/SF
− Vacancy
−$3.7K −$3.00/SF
EGI
$23.4K $18.72/SF
− OpEx
−$5.9K −$4.68/SF
NOI
$17.6K $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 Rate 5%
$351,040
Cap Rate 7%
$250,743
Cap Rate 9%
$195,022
Alternative Uses
Best Use
Office B
$250.7K
$219.4K – $292.5K
NOI $17,552 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.1K
$281.9K – $375.8K
NOI $22,550 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 27262, NC
25,253
Population
10,246
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
86%
High-School Grad
13.2 sq mi
ZIP Area
1,913
Density / Sq Mi
$64,395
Median Household Income
$34,113
Median Earnings
$1,054
Median Rent
$212,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - End-unit office configuration with access from both front and side parking areas.
Where is this office units located?
The property is located at 603d Eastchester Dr High Point, NC.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: 1,250 SF renovated office unit; Four offices with reception and waiting area; Floor‑to‑ceiling glass in the front office
