Property profile

9622 Us-311 High Point, NC 27263

OFF-MARKET
Wedding venues
23 ac lot Built 2018
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Property summary

AI-generated 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

Verified
Property type Wedding venues
Year built 2018
Lot 23 ac (1,001,880 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9622 Us-311 High Point, NC 27263
High Point metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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