Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1617 Shaver St High Point, NC 27265

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 1,286 SF Retail Space, 2.5 Acres

    Property size:
    1,286 SF

    Property Features for 1617 Shaver St

    General Information

    Property type
    Retail properties & Spaces
    Square Feet
    1,286 SF
    Lot Size
    108,900 SF

    Building Details

    Year Built/Renovated
    1969/2017
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Mark Lindsay
    Mark Lindsay

    Listing Agent: Mark Lindsay

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This 1,286 square foot retail property, located at 1617 Shaver St in High Point, NC 27265, presents a unique investment opportunity. Built in 1969 and extensively renovated in 2017, the property sits on a 2.5-acre lot and is zoned R-5. The building, a single-story structure, previously operated as the Knoll Crest Swim Center. The 2017 renovations included complete resurfacing of the pool interior and deck concrete, replacement of pump room pumps and motors, and comprehensive landscaping. A new baby pool motor room was also constructed. This fully functioning pool and activity/event area offers excellent business potential. Note that a separate tower is planned for construction on an adjacent parcel in 2023
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    High Point Water ... Swimming Pool

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.9936655
    Latitude
    35.9848227

    Nearby Similar for Sale

    • $859,900

      High Point Multi-Unit Property

      Multi-unit property in High Point, NC with long-term tenants.
      2715 Central Ave, High Point, NC 27260
      View Details
    • $6,250,000
      175,000 SF

      High Point Industrial Property For Sale

      10.48 acre industrial property with 175,000+ sq ft.
      1801 S University Pkwy, High Point, NC 27260
      View Details
    • $399,000
      0.27 Acres

      New Duplex Near High Point

      New duplex near university and furniture market, great investment opportunity.
      711 Fairview St, High Point, NC 27260
      View Details
    • New
      $148,000
      Pending

      High Point Duplex with ROI

      Remodeled duplex in High Point, NC, with strong rental income.
      313 Burton Ave, High Point, NC 27262
      View Details
    • $350,000
      Pending

      High Point Tire Shop Investment

      Commercial property currently rented as a tire shop.
      1222 S Main St, High Point, NC 27260
      View Details
    • New
      $245,000
      0.16 Acres

      Turn-key Duplex Near High Point

      Duplex with recent capital improvements near High Point University.
      511 Saunders Pl, High Point, NC 27260
      View Details
    • New
      $245,000
      0.16 Acres

      Turn-Key Duplex in High Point

      Fully rented duplex near High Point University with recent upgrades.
      513 Saunders Pl, High Point, NC 27260
      View Details
    • $310,000

      High Point Income Producing Asset

      Income-generating rooming house with seven active leases in High Point.
      1314 Franklin Ave, High Point, NC 27260
      View Details
    • $368,000
      2,400 SF

      Combined Office Suites For Sale

      Two combined office suites with restrooms and conference room.
      1015 Hutton Ln, High Point, NC 27262
      View Details
    • $995,000
      6,000 SF

      Professional Office Building on Greensboro

      Two-story, 6000 SF office building on 3.22 acres.
      808 Greensboro Rd, High Point, NC 27260
      View Details
    • $439,000
      3,612 SF

      Office Condo Near Rockers Stadium

      Office condo for sale near High Point Rockers Stadium.
      624 Quaker Ln, High Point, NC 27262
      View Details
    • $195,000
      1,236 SF

      High Point Corner Office Space

      Office space in a great location with parking.
      1521 Johnson St, High Point, NC 27262
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime 1,286 SF Retail Space, 2.5 Acres
    Where is this retail property located?
    The property is located at 1617 Shaver St High Point, NC.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 1,286 SF retail property at 1617 Shaver St, High Point, NC 27265.; Built in 1969, extensively renovated in 2017.; Situated on a 2.5-acre lot, R-5 zoning.
    (336) 878-5171 Call to check price and availability
    Request Owner's contact information
    1617 Shaver St High Point, NC 27265
    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.
    1617 Shaver St
    High Point, NC 27265
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1617 Shaver St High Point, NC 27265
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Lindsay
    Mark Lindsay
    Real Estate License ID: NC 252010
    (336) 878-5171 (336) 692-5612
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!