109 Pineywood St, Thomasville, NC 27360-3434
This ±5,888 square foot flex building in Thomasville, NC, presents a compelling investment opportunity. Built in 1999 and situated on a 0.04-acre lot, the property boasts a 7.10% cap rate and is fully leased with 2.5 years remaining on the lease. Zoned C2 (Highway Commercial), it offers excellent versatility for a range of businesses. The building features two front entrances ideal for separate customer areas, a convenient drive-in door, and a 14-foot ceiling height suitable for warehousing or industrial uses. A 200-amp electrical service ensures ample power, while a durable metal roof and cladding maintain a modern aesthetic. Three heat pumps provide efficient climate control. The interior includes several built-out offices and separate men's and women's restrooms. Ample parking is available with 10 dedicated spaces in front and an additional 4-5 spaces on the side. Public water, sewer, and natural gas services are readily available. Its prime commercial location in Thomasville provides easy access to major highways and the downtown area, ensuring high visibility and convenient access for businesses. This property is an excellent choice for investors seeking strong returns and a stable, long-term tenant.
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Vicki C. Steed, LCSW Counselor Social Worker
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Thomasville, NCThomasville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.