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    9622 Us-311 High Point, NC 27263

    Sponsored
    For Sale
    $5,900,000

    23-Acre Estate, Income Producing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 23-acre property in High Point, North Carolina, presents a unique investment opportunity. The centerpiece is a stunning 8,500-square-foot, three-story home boasting a two-story living room, two kitchens, multiple dining areas, expansive decks, balconies, and a patio. Beyond the main residence, the property includes a charming barn, a wedding chapel, and several outdoor areas ideal for events and celebrations. Three additional rental homes generate supplemental income, complementing the existing event venue revenue stream. Further enhancing the property's versatility is a functional cattle/hay barn and a pond. Built in 2018, this mixed-use property features a total of 19,304 square feet of space, served by public water and a septic system. Located at 9622 US-311 in Randolph County, NC, zip code 27263, this property offers endless potential as a family retreat, thriving farm, or lucrative event venue. The asking price is $5,900,000. This is a rare opportunity to acquire a turnkey operation with significant income potential and diverse uses.

    Property Features for 9622 Us-311

    General Information

    Property type
    Wedding venues
    Lot Size
    1,001,880 SF

    Building Details

    Year Built
    2018
    Stories
    3

    HighLights

    • 19,304 square feet total building area.
    • Public water supply.
    • On‑site septic system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    High Point
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.9281545
    Latitude
    35.8858861

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    FAQs

    What type of property is this?
    Wedding venue - 23-Acre Estate, Income Producing
    Where is this wedding venue located?
    The property is located at 9622 Us-311 High Point, NC.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: 19,304 square feet total building area.; Public water supply.; On-site septic system.
    Request Owner's contact information
    9622 Us-311 High Point, NC 27263
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    Realmo Value Estimation

    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.

    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
    9622 Us-311 High Point, NC 27263
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