Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2100 Martin Luther King Dr High Point, NC 27260
    Back to Search
    Property profile & analytics

    2100 Martin Luther King Dr, High Point, NC 27260

    View on Map
    • Warehouses
    • 145,000 SF
    • 7.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2100 Martin Luther King Dr

    Year built
    1960
    Lot size
    7.46 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 150,000-square-foot industrial property, located at 2100 E Martin Luther King Dr in High Point, North Carolina (27260), presents a unique investment opportunity. Situated on a 7.46-acre lot, this former Hatteras Yacht facility offers a versatile space suitable for distribution, manufacturing, or warehouse operations. The property features one single-story building constructed between 1960 and the 1980s, currently vacant and being sold AS-IS. The building boasts a range of ceiling heights, including areas with 30-32 foot, 26-28 foot, and 18-20 foot clearances. Six loading docks and six dock-high doors provide ample access for efficient material handling. A significant highlight is a 44,000-square-foot high-bay area featuring 31-foot ceilings and multiple 2-ton and 3-ton overhead cranes. Two large (23'H x 20'W) drive-in doors face E Martin Luther King Jr Dr, complemented by a unique 38' wide x 30' high drive-out onto a platform leading to a dock-high area. The property includes 50 parking spaces and is zoned LI (Light Industrial). The asking price is $3,950,000. The property's size reflects potential demolition to create a paved lay-down yard and/or space for flex space conversion. The APN is 181411.

    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
    -79.9698
    Latitude
    35.9658

    Comparable in this City

    • Value Estimation by Request
      43,548 SF

      530 Pendleton St

      Distribution properties
      530 Pendleton St, High Point, NC 27260
      View Details
    • Value Estimation by Request
      5,655 SF

      143 Greensboro Rd

      Individual retail properties
      143 Greensboro Rd, High Point, NC 27260
      View Details
    • Value Estimation by Request
      43,548 SF

      530 Pendleton St

      Distribution properties
      530 Pendleton St, High Point, NC 27260
      View Details
    • Value Estimation by Request
      2,044 SF

      1427 Old Thomasville Rd

      WAREHOUSE, STORAGE
      1427 Old Thomasville Rd, High Point, NC 27260-8477
      View Details
    • Value Estimation
      $1,660,000
      44,432 SF

      697 Swsw St

      WAREHOUSE, STORAGE
      697 Swsw St, High Point, NC 27260-8108
      View Details
    • Value Estimation
      $500,000
      10,000 SF

      696 Swsw St

      WAREHOUSE, STORAGE
      696 Swsw St, High Point, NC 27260
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,646 SF

      High Point Warehouse and Distribution

      Well-maintained warehouse with dock doors and high ceilings.
      1920 W Green Dr, High Point, NC 27260
      View Details
    • Contact for pricing
      46,000 SF

      Warehouse with Fenced Truck Yard

      46,000 SF warehouse suitable for warehousing and distribution.
      1415 S Elm St, High Point, NC 27260
      View Details
    • Contact for pricing
      3,600 SF

      High Point Industrial Property For Sale

      3,600 SF industrial property with expansion potential in High Point.
      412 Greer Ave, High Point, NC 27260
      View Details
    • Contact for pricing
      23,000 SF

      Remodeled Warehouse on Ennis Street

      Remodeled warehouse with updated office and secure fenced yard.
      500 Ennis St, High Point, NC 27260
      View Details
    • $6,250,000
      174,000 SF

      High Point Industrial Property

      174,000+ sqft manufacturing property in High Point, NC.
      1801 S University Pkwy, High Point, NC 27260
      View Details
    • Contact for pricing
      60,000 SF

      High Point Manufacturing/Showroom Opportunity

      60,000+/- SF building suitable for manufacturing or showroom use.
      501 S Centennial St, High Point, NC 27260
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,200 SF

      High Point Industrial Facility

      Affordable industrial facility for storage or manufacturing with multiple docks.
      200 E Market Center Dr, High Point, NC 27260
      View Details
    • Contact for pricing
      33,000 SF

      High Point Manufacturing Facility

      Specialized manufacturing facility with office and warehouse space for rent.
      1826 Albertson Rd, High Point, NC 27260
      View Details
    • Contact for pricing
      20,000 SF

      High Point Manufacturing/Distribution Space

      20,000 SF available for lease in High Point.
      1581 Prospect St, High Point, NC 27260
      View Details
    • $4 SF/Yr
      108,650 SF

      High Point Warehouse Space Available

      Warehouse space available for lease in High Point, North Carolina.
      210 N Pendleton St, High Point, NC 27260
      View Details
    • Contact for pricing
      10,000 SF

      Clean Warehouse Space for Sublease

      10,000 SF exceptionally clean warehouse space available for sublease.
      648 Southwest St, High Point, NC 27260
      View Details
    • Contact for pricing
      28,659 SF

      Industrial Facility with Expansion Potential

      Versatile industrial space with heavy power, dock doors, and expansion.
      1410-1412 Trinity Ave, High Point, NC 27260
      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.
    2100 Martin Luther King Dr
    High Point, NC 27260
    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

    Thank You for Inquiry
    2100 Martin Luther King Dr, High Point, NC, 27260
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!