Retail Spaces Near Randleman
For Sale
Contact for pricing
807 High Point St Unit G, Randleman, NC 27317
Two retail spaces available in a popular shopping complex.
Property Size1,000 SF
Days on Market917
Property Features for 807 High Point St Unit G
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Building Details
Year Built
2009
Listing Agency:
McKenzie Real Estate of NC LLC
Listed By:
Jenna McKenzie · License #272937
(336) 413-4475
Source:
Searchhomesinthetriad
Added: Apr 16, 2024
Changed: Oct 1
Last Checked: Oct 19 at 6:51AM
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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Investment Insights
Based on property information with market context.
Two retail spaces are available within a shopping complex. Each unit offers 1,000 square feet of space and is available for $1,500 per unit. The units are located side-by-side and can be rented together. The property is located directly across the street from Randleman High School and is adjacent to Walmart, Sheets, and Waffle House. An upcoming Cook Out restaurant will be located nearby. The tenant is responsible for utilities and renter's insurance.
Key Highlights
- Two 1,000 sq ft units available, offering flexibility.
- Prime location directly across from Randleman High School.
- Adjacent to Walmart, Sheetz, Waffle House, and upcoming Cook Out.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,927
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,540
$258.5K
Cap Rate 7%
$184,671
$184.7K
Cap Rate 9%
$143,633
$143.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$19.0K $18.96/SF
− Vacancy
−$493 −$0.49/SF
EGI
$18.5K $18.47/SF
− OpEx
−$5.5K −$5.54/SF
NOI
$12.9K $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%
$258,540
Cap Rate 7%
$184,671
Cap Rate 9%
$143,633
Alternative Uses
Best Use
Retail
$184.7K
$161.6K – $215.5K
NOI $12,927 @ 7.0% cap · market cap 1,292,700.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.0K
$301.0K – $401.3K
NOI $24,079 @ 7.0% cap · market cap 2,407,900.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
240k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 29%
Superstores 27%
Electronics 3%
Walmart
Superstores
63,859 visits/mo
0.5 miles
Sheetz
Shops & Services
38,298 visits/mo
0.3 miles
McDonald's
Dining
28,177 visits/mo
0.4 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
20,726 visits/mo
0.4 miles
Wendy's
Dining
15,529 visits/mo
0.5 miles
Demographics for 27317, NC
17,563
Population
7,276
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
54.1 sq mi
ZIP Area
325
Density / Sq Mi
$57,266
Median Household Income
$34,578
Median Earnings
$793
Median Rent
$170,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two retail spaces available in a popular shopping complex.
Where is this retail space located?
The property is located at 807 High Point St Unit G Randleman, NC.
What are key features of this property?
This property features: Two 1,000 sq ft units available, offering flexibility.; Prime location directly across from Randleman High School.; Adjacent to Walmart, Sheetz, Waffle House, and upcoming Cook Out.
