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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    122 Northgate Ct High Point, NC 27265-1861

    • Apartment buildings
    • 8,760 SF
    • 10.57 lot acres
    OFF-MARKET
    Last Sale
    Oct 21, 2021
    $7,700,000
    Value Estimations
    $6,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0952762
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mason Manor / Apartment Building
    • Williard Investment Co / Apartment Building
    • Northgate Storage / Self-Storage Facility
    • Emery Lane / Apartment Building

    Property Details for 122 Northgate Ct

    Year built
    1983
    Lot size
    10.57 lot acres
    Property size
    8,760 SF
    Zone code
    RM
    Property type
    Apartment buildings
    APN
    198418
    APU
    198418

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,825,000
      ML approach
      $8,140,000

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

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -80.0423
    Latitude
    36.0053
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $79,476
    $634,200
    $5,288,800
    $5,923,000
    -
    $634,200
    $5,288,800
    $5,923,000

    Comparable in this City

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      $535,000
      5,630 SF

      2625 Suffolk Ave

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      2625 Suffolk Ave, High Point, NC 27265-3572
      View Details
    • Value Estimation
      $655,000
      9,120 SF

      2010 Stoneycreek Dr

      APARTMENT HOUSE (5+ UNITS) • 9,120 SF
      2010 Stoneycreek Dr, High Point, NC 27265-3864
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    • Value Estimation by Request
      21,072 SF

      3981 Riv Pointe Pl

      APARTMENT HOUSE (5+ UNITS) • 21,072 SF
      3981 Riv Pointe Pl, High Point, NC 27265-8188
      View Details
    • Value Estimation
      $2,000,000
      25,455 SF

      4285 Emily Loop

      APARTMENT HOUSE (5+ UNITS) • 25,455 SF
      4285 Emily Loop, High Point, NC 27265-0002
      View Details
    • Value Estimation by Request
      8,069 SF

      129 Hartley Dr

      APARTMENT HOUSE (5+ UNITS) • 8,069 SF
      129 Hartley Dr, High Point, NC 27265-2007
      View Details
    • Value Estimation
      $875,000
      6,720 SF

      3010 Ingleside Dr

      APARTMENT HOUSE (5+ UNITS) • 6,720 SF
      3010 Ingleside Dr, High Point, NC 27265-2067
      View Details

    Similar Nearby for Sale

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      31.00 Acres

      High Point Multifamily Land Opportunity

      31 Acres, 392 Units Possible
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      High Point Retail Investment Opportunity

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      High Point Commercial Land Available

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      Wooded Lot in The Bluffs

      3.3 acre wooded lot, perfect for building a home.
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    • Contact for pricing

      Residential Lot Near High Point

      Residential lot with public utilities near High Point University.
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      Residential Lot with Lake View

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    Similar Nearby for Lease

    • $15 SF/Yr

      High Point Commercial Land Available

      Commercial land for lease or build to suit.
      3921 Tinsley Dr, High Point, NC 27265
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    • Contact for pricing

      Retail Center Pad Site Available

      Unanchored convenience center with pad site for lease.
      3800 Tinsley Dr, High Point, NC 27265
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    • $18 SF/Yr
      1,050 SF

      Retail Space in High Point

      1,050 SF retail space in a visible location.
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    • Contact for pricing
      143,000 SF

      High Point Warehouse Space Available

      143,000 SF warehouse space with multiple loading docks.
      2611 La Vista Dr, High Point, NC 27265
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    • $15 SF/Yr
      2,470 SF

      Industrial Space with Open Floorplan

      Industrial space for lease with open floor plan.
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    • $14 SF/Yr
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      High Point Retail & Office Sites

      Prime Commercial Land, High Point, NC
      0 Tinsley Dr, High Point, NC 27265
      View Details
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    122 Northgate Ct
    High Point, NC 27265-1861
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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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