Conditioned Flex
729 Gallimore Dairy Rd, High Point, NC 27265
For Sale
$5,250,000
Warehouse and showroom areas are fully conditioned, with glass-walled offices and compressed air lines.
Property Size45,131 SF
Price / SF$116.33
Days on Market47
Property Features for 729 Gallimore Dairy Rd
General Information
Standard status
Size
Class
Property subtype
Properties For Sale
at 729 Gallimore Dairy Rd
Available Space
Immediate
Floor
1st
Size
45,131 SF
Type
Industrial
Term
Negotiable
Listing Agency:
Charlotte
(843) 805-5110
Listed By:
Rich Grieder · License NC #109465
(704) 804-5783
Source:
Property.jll
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 8 at 2:27AM
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 Charlotte
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Investment Insights
Based on property information with market context.
The flex property at 729 Gallimore Dairy Rd includes warehouse, showroom, and office areas. Clear heights are 20 feet in the showroom and 25 to 28 feet in the warehouse. Glass partitions define the office spaces, and compressed air lines are installed. The warehouse is fully conditioned and equipped with ESFR sprinklers; the property is also crane-ready.
Loading includes one dock-high and one drive-in door serving the showroom, plus two dock-high and one drive-in door in the warehouse. Electrical service is 2,800 amps at 480V, and the site has 45 auto positions. The property encompasses 8.77 acres in Guilford County, identified as Parcel 207904.
Loading includes one dock-high and one drive-in door serving the showroom, plus two dock-high and one drive-in door in the warehouse. Electrical service is 2,800 amps at 480V, and the site has 45 auto positions. The property encompasses 8.77 acres in Guilford County, identified as Parcel 207904.
Key Highlights
- 8.77 acres in Guilford County; Parcel 207904
- 20‑foot showroom clear height and 25- to 28‑foot warehouse clear height
- Warehouse loading: 2 dock‑high doors and 1 drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$425,594
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,511,880
$8.5M
Cap Rate 7%
$6,079,914
$6.1M
Cap Rate 9%
$4,728,822
$4.7M
Market Conditions
NOI Build-Up for 45,131 SF
Gross rent
$704.0K $15.60/SF
− Vacancy
−$49.3K −$1.09/SF
EGI
$654.8K $14.51/SF
− OpEx
−$229.2K −$5.08/SF
NOI
$425.6K $9.43/SF
Area
High Point, NC
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,511,880
Cap Rate 7%
$6,079,914
Cap Rate 9%
$4,728,822
Alternative Uses
Best Use
Warehouse
$7.29M
$6.38M – $8.51M
NOI $510,550 @ 7.0% cap · market cap 9.72%
Second Best
Flex RnD
$6.08M
$5.32M – $7.09M
NOI $425,594 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$11.63M
$10.18M – $13.57M
NOI $814,160 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Guilford County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and showroom areas are fully conditioned, with glass-walled offices and compressed air lines.
Where is this flex space located?
The property is located at 729 Gallimore Dairy Rd High Point, NC.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 8.77 acres in Guilford County; Parcel 207904; 20‑foot showroom clear height and 25- to 28‑foot warehouse clear height; Warehouse loading: 2 dock‑high doors and 1 drive‑in door
