Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    509 Randolph St Thomasville, NC 27360-5124

    • Commercial real estate
    • 8,680 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2024
    $820,000
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1753414
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Decorator's Edge Inc / Interior Designer

    Property Details for 509 Randolph St

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.82 lot acres
    Property size
    8,680 SF
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    16-174-0-006-0016
    APU
    1617400060016

    Description

    This 0.82-acre commercial property at 509 Randolph Street presents a unique investment opportunity. Built in 2001, the building originally served as a high-end residential/commercial design studio, boasting an attractive brick and stucco exterior with a grand entrance. The C2 (Highway Commercial) zoning allows for diverse uses. The property features two street access points on Randolph Street and ample parking with 25 surface spaces. A heated (but not cooled) warehouse is included, accessible via a 10ft x 14ft drive-in door. Further income potential is generated by thirteen leasable storage units, rented on a month-to-month basis. The property also includes well-maintained kitchen and bathroom areas. The roof is a TPO membrane installed in 2001. A secondary side entrance offers potential for future subdivision to accommodate multiple tenants. Its strategic location provides easy access to major highways and is within a 30-minute radius of PTI International Airport, Boom Supersonic, the Guilford/Randolph Mega Site (Toyota Battery), Winston-Salem, and Greensboro. This well-maintained property offers significant upside for a savvy investor or tenant seeking a versatile commercial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $820,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $865,000
      7%
      $745,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $865,000
      Geo Method
      $920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $945,000
      Retail
      $830,000
      Mixed-Use
      $755,000
      Hospitality
      $930,000
      Educational
      $870,000
      Residential Income
      $950,000
      Energy
      $845,000
      Income-Based Land
      $960,000
      Food Service
      $835,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.0767
    Latitude
    35.875
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,698
    $0.00
    $0.00
    $651,730
    -
    $250,030
    $401,700
    $651,730

    Comparable in this City

    • Value Estimation by Request
      17.09 Acres

      452 Old Greensboro Rd

      Commercial real estate • 17.09 Acres
      452 Old Greensboro Rd, Thomasville, NC 27360
      View Details
    • Value Estimation by Request
      3,836 SF

      7010 Ball Park Rd

      COMMERCIAL (GENERAL) • 3,836 SF
      7010 Ball Park Rd, Thomasville, NC 27360-7931
      View Details
    • Value Estimation by Request
      1,760 SF

      112 National Hwya-b

      COMMERCIAL (GENERAL) • 1,760 SF
      112 National Hwya-b, Thomasville, NC 27360-4248
      View Details
    • Value Estimation by Request
      1,792 SF

      167 Pne Woods Church Rd

      COMMERCIAL (GENERAL) • 1,792 SF
      167 Pne Woods Church Rd, Thomasville, NC 27360-2479
      View Details
    • Value Estimation by Request
      10,320 SF

      8 Randolph St

      COMMERCIAL (GENERAL) • 10,320 SF
      8 Randolph St, Thomasville, NC 27360-4638
      View Details
    • Value Estimation by Request
      3,672 SF

      103 Salem St, Unit 105

      COMMERCIAL (GENERAL) • 3,672 SF
      103 Salem St, Thomasville, NC 27360-3905
      View Details

    Similar Nearby for Sale

    • $525,000
      1.00 Acre

      High-Traffic Thomasville Corner Lot

      Prime 1-acre commercial land, high visibility.
      109 And Virginia Dr, Thomasville, NC 27360
      View Details
    • $1,295,000
      2.43 Acres

      Prime Commercial Land, Thomasville, NC

      2.43 Acres, High Traffic, I-85 Access
      6037 Unity St, Thomasville, NC 27360
      View Details
    • $135,900
      5.29 Acres

      Prime Thomasville Commercial Land

      5.29 Acres, Zoned HC & RA3
      253 Urban St, Thomasville, NC 27360
      View Details
    • Contact for pricing
      26.00 Acres

      Thomasville Mixed-Use Development Opportunity

      26 Acres, Office-Institutional Zoning, Prime Location
      319 Old Lexington Rd, Thomasville, NC 27360
      View Details
    • $450,000
      1.83 Acres

      Thomasville Commercial Land - $450K

      1.83 Acres, C2 Zoning, Prime Retail Site
      274 Kennedy Rd, Thomasville, NC 27360
      View Details
    • $690,000
      7.28 Acres

      Thomasville Commercial Land Opportunity

      7.28 Acres, High Growth Potential
      1400 Liberty Dr, Thomasville, NC 27360
      View Details

    Similar Nearby for Lease

    • $1,199,000
      6,050 SF

      Renovated Retail Property Available

      Clean, renovated retail space available for lease or purchase.
      1322 National Hwy, Thomasville, NC 27360
      View Details
    • $12 SF/Yr
      78,509 SF

      Thomasville Crossing Retail Center

      Prime Thomasville retail space, multiple suites available.
      1404 National Hwy, Thomasville, NC 27360
      View Details
    • $3,500 /Mo
      3,396 SF

      Retail Space with Secure Fencing

      Fenced retail space near Bus 85 with high visibility.
      1530 National Hwy, Thomasville, NC 27360
      View Details
    • $7 SF/Yr
      8,801 SF

      Thomasville Warehouse with Office Space

      Warehouse for lease with office space and convenient highway access.
      105 Todd Ct, Thomasville, NC 27360
      View Details
    • $14 SF/Yr
      2,100 SF

      Medical Office Space Available

      Well-maintained medical office space in high-traffic location.
      1630 Liberty Dr, Thomasville, NC 27360
      View Details
    • $1,000 /Mo

      Corner Lot for Rent

      Corner lot with high traffic and utilities available for rent.
      7402 Old Greensboro Rd, Thomasville, NC 27360
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    509 Randolph St
    Thomasville, NC 27360-5124
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.