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

    1311 2 St High Point, NC 27265

    • Warehouses
    • 70,000 SF
    • 11.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1311 2 St

    Lot size
    11.00 lot acres
    Property size
    70,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 70,000-square-foot industrial warehouse is available for sale at $3,155,000. Situated on an expansive 11-acre lot in Siler City, North Carolina, this property offers significant potential for a wide range of industrial operations. The warehouse features three loading docks and one drive-in door, ensuring efficient loading and unloading of goods. The interior boasts impressive ceiling heights ranging from 22 to 32 feet, providing ample vertical space for storage and operations. Modern LED lighting is installed throughout, maximizing energy efficiency. The property also benefits from 1,600a/480v 1p heavy power and readily available gas. An additional 11,000 square feet is available for lease within the building. This prime location offers easy access to major transportation routes and is strategically positioned just five miles from the Chatham Advanced Siler City Megasite (Wolfspeed) and 17 miles from the Greensboro Randolph Megasite (Toyota), providing excellent connectivity to key industrial hubs. The property is currently vacant, presenting an immediate opportunity for occupancy. This is a rare opportunity to acquire a substantial industrial property in a rapidly growing area. The property is located at 1311 N Second St, Siler City, NC 27265.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -80.0235
    Latitude
    35.9979

    Comparable in this City

    • Value Estimation by Request
      53,481 SF

      3400-3410 Wendover Ave

      Individual retail properties • 53,481 SF
      3400-3410 Wendover Ave, Greensboro, NC 27265
      View Details
    • Value Estimation by Request
      110,220 SF

      782 Gallimore Dairy Rd

      Distribution properties • 110,220 SF
      782 Gallimore Dairy Rd, Greensboro, NC 27265
      View Details
    • Value Estimation by Request
      5,040 SF

      454 Abbotts Crk Church Rd

      MINI-WAREHOUSE, STORAGE • 5,040 SF
      454 Abbotts Crk Church Rd, High Point, NC 27265-7552
      View Details
    • Value Estimation by Request
      5,000 SF

      916 Abbotts Crk Church Rd

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      916 Abbotts Crk Church Rd, High Point, NC 27265-7502
      View Details
    • Value Estimation
      $495,000
      7,450 SF

      5235 High Pt Rd

      MINI-WAREHOUSE, STORAGE • 7,450 SF
      5235 High Pt Rd, High Point, NC 27265-1139
      View Details
    • Value Estimation by Request
      1,500 SF

      407 Wildcat Trl

      MINI-WAREHOUSE, STORAGE • 1,500 SF
      407 Wildcat Trl, High Point, NC 27265
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,330 SF

      Industrial Building with I-40 Frontage

      14,000 SF industrial building with easy highway access.
      3016 Sandy Ridge Rd, High Point, NC 27265
      View Details
    • Contact for pricing

      Residential Lot Near High Point

      Residential lot with public utilities near High Point University.
      2515 Dallas Ave, High Point, NC 27265
      View Details
    • $725,000

      Acreage with Pond in Convenient Location

      Acreage with road frontage and pond, zoned agriculture.
      707 Gallimore Dairy Rd, High Point, NC 27265
      View Details
    • $250,000

      Residential Lot with Lake View

      Almost 4-acre residential lot with a wide lake view.
      2015 Eastchester Dr, High Point, NC 27265
      View Details
    • $350,000
      Pending

      View Lot in Trillium Village

      0.36-acre lot with view, Trillium Village, Cashiers, NC
      Rendezvous Rdg Rd, Cashiers, NC 27265
      View Details
    • $350,000

      High Visibility Land Parcel

      Build-ready land near I-74 in thriving business park.
      1308 Eastchester Dr, High Point, NC 27265
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      143,000 SF

      High Point Warehouse Space Available

      143,000 SF warehouse space with multiple loading docks.
      2611 La Vista Dr, High Point, NC 27265
      View Details
    • Contact for pricing
      90,000 SF

      High Point Warehouse Space

      90000 SF warehouse with easy highway access.
      4198 Eagle Hill Dr, High Point, NC 27265
      View Details
    • $15 SF/Yr
      2,470 SF

      Industrial Space with Open Floorplan

      Industrial space for lease with open floor plan.
      4275 Regency Dr, High Point, NC 27265
      View Details
    • $11 SF/Yr
      24,200 SF

      High Point Retail/Warehouse Space

      24,200 SF retail/warehouse space in High Point, NC.
      2645 N Main St, High Point, NC 27265
      View Details
    • $15 SF/Yr

      High Point Commercial Land Available

      Commercial land for lease or build to suit.
      3921 Tinsley Dr, High Point, NC 27265
      View Details
    • $1,500 /Mo
      3,000 SF

      High Point Executive Office Suites

      Executive office suites available in a prestigious High Point location.
      1214-1226 Eastchester Dr, High Point, NC 27265
      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.
    1311 2 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
    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

    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.