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

    9622 Us Highway 311 High Point, NC 27263

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

    23-Acre Estate, Income Producing

    Property Features for 9622 Us Highway 311

    General Information

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

    Building Details

    Year Built
    2018
    Stories
    3

    We can help!

    Listing Contact
    Anne Flater
    Anne Flater

    Listing Agent: Anne Flater

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

    Learn more

    Overview

    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 Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.9281545
    Latitude
    35.8858861

    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?
    Wedding venue - 23-Acre Estate, Income Producing
    Where is this wedding venue located?
    The property is located at 9622 Us Highway 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.
    (336) 848-8998 Call to check price and availability
    Request Owner's contact information
    9622 Us Highway 311 High Point, NC 27263
    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.
    9622 Us Highway 311
    High Point, NC 27263
    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
    9622 Us Highway 311 High Point, NC 27263
    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 Anne Flater
    Anne Flater
    Real Estate License ID: 255053
    (336) 848-8998 (336) 883-0069
    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!