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    1418 Dixie Dr Asheboro, NC 27203

    • Neighborhood centers
    • 8,100 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rack Room Shoes / Shoe Store / Boot Store
    • Marshalls / Men'S Clothing Store / Swimwear Store

    Property Details for 1418 Dixie Dr

    Property size
    8,100 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity in Asheboro, NC, presents a fully vacant 8,100 square foot strip center situated on a 1.07-acre lot. Located at 1418 East Dixie Drive, this property boasts high visibility and accessibility, positioned just one mile east of I-74, offering convenient access for customers. The center is strategically located in front of a thriving shopping center anchored by Hobby Lobby and Marshalls, ensuring high traffic and exposure. The building is zoned for commercial use and offers multiple tenancy options, with four suites available. Individual suites range from a minimum of 1,600 square feet to a maximum contiguous space of 2,500 square feet, providing flexibility for various business needs. This is a new build, offering a modern and efficient space for retail businesses seeking a prime location in a high-traffic area. The property's location in Randolph County, NC, and its proximity to major roadways make it an ideal choice for businesses seeking strong visibility and convenient access for customers. The entire 8,100 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. This property offers a compelling investment opportunity in a rapidly growing market. The address is 1418 East Dixie Drive, Asheboro, NC 27203.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Asheboro
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.7844
    Latitude
    35.6983

    Comparable in this City

    • Value Estimation
      $315,000
      76,560 SF

      837 Dixie Dr

      SHOPPING CENTER, STRIP CENTER • 76,560 SF
      837 Dixie Dr, Asheboro, NC 27203-6615
      View Details
    • Value Estimation
      $140,000
      8,000 SF

      1129 Fayetteville St

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      1129 Fayetteville St, Asheboro, NC 27203-4591
      View Details
    • Value Estimation
      $445,000
      75,251 SF

      1218 Dixie Dr

      SHOPPING CENTER, STRIP CENTER • 75,251 SF
      1218 Dixie Dr, Asheboro, NC 27203-8856
      View Details
    • Value Estimation
      $110,000
      15,000 SF

      1406 Fayetteville St

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      1406 Fayetteville St, Asheboro, NC 27203-3969
      View Details
    • Value Estimation
      $165,000
      8,180 SF

      2419 Fayetteville St

      SHOPPING CENTER, STRIP CENTER • 8,180 SF
      2419 Fayetteville St, Asheboro, NC 27203-3084
      View Details
    • Value Estimation
      $285,000
      10,200 SF

      1809 Fayetteville St

      SHOPPING CENTER, STRIP CENTER • 10,200 SF
      1809 Fayetteville St, Asheboro, NC 27203-3127
      View Details

    Similar Nearby for Sale

    • $855,000

      Highway 64 Commercial Opportunity

      0.45 acres on high-traffic corridor, suitable for various businesses.
      557 E Dixie Dr, Asheboro, NC 27203
      View Details
    • Contact for pricing
      0.68 Acres

      Asheboro Commercial Land - 0.68 Acres

      Prime Asheboro location, high-traffic area, excellent development potential.
      1330 Dixie Dr, Asheboro, NC 27203
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    • $515,000
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      Asheboro Retail Property - High Traffic

      Prime Retail Location, High Visibility, 2.29 Acres
      703 Fayetteville St, Asheboro, NC 27203
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    • $515,000
      2.29 Acres

      Asheboro Retail Property - High Traffic

      Prime Retail Location, High Visibility, $515,000
      703 Fayetteville St, Asheboro, NC 27203
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    • $3,042,100
      10,881 SF

      Asheboro CVS Pharmacy Investment

      High-yield CVS Net Lease, NC
      440 Dixie Dr, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Asheboro Retail Space - High Traffic

      Prime retail space, high visibility location.
      603 Fayetteville St, Asheboro, NC 27203
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      48,971 SF

      Asheboro Plaza: Prime Retail Space

      Retail, office, medical space available.
      338-372 Fayetteville St, Asheboro, NC 27203
      View Details
    • $1.00 SF/Yr
      4,022 SF

      Restaurant Space For Rent

      Restaurant space available for lease in Asheboro, North Carolina.
      1106 E Dixie Dr, Asheboro, NC 27203
      View Details
    • $12 SF/Yr
      3,591 SF

      Office/Retail Space For Rent

      3,591 SF office/retail space with abundant parking.
      1064 E Dixie Dr, Asheboro, NC 27203
      View Details
    • Contact for pricing

      Retail Building at Busy Intersection

      Retail building with showroom, sales, and warehouse space for rent.
      603 N Fayetteville St, Asheboro, NC 27203
      View Details
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    1418 Dixie Dr
    Asheboro, NC 27203
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    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
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