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    Property profile & analytics

    1221 Westover Dr High Point, NC 27265-2751

    • Auto shops
    • 5,040 SF
    • 14.74 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2369732
    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

    • Metal Monkeys Recycling / Recycling Center / Waste Management Facility
    • Wheeler Recycling LLC / Recycling Center / Waste Management Facility
    • Metal Monkeys Recycling Center & Services / Recycling Center / Waste Management Facility

    Property Details for 1221 Westover Dr

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    14.74 lot acres
    Property size
    5,040 SF
    Zone code
    HI
    Property type
    Auto shops
    APN
    01-008-A-000-0022
    APU
    01008A0000022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $569,000
      Market price range: $155k - $569k
      AI Estimate
      $531,000
      Market price range: $260k - $532k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $335,000
      Current use
      RESTAURANT
      $745,000
      Change: +121% Conversion: Difficult
      RETAIL STORES
      $740,000
      Change: +119% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $710,000
      Change: +110% Conversion: Moderate
      OFFICE BUILDING
      $410,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.0575
    Latitude
    35.9922
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, 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
    $6,973
    $0.00
    $0.00
    $1,010,550
    -
    $471,680
    $538,870
    $1,010,550

    Comparable in this City

    • Value Estimation by Request
      5,347 SF

      5210 High Pt Rd

      AUTO REPAIR, GARAGE • 5,347 SF
      5210 High Pt Rd, High Point, NC 27265-1549
      View Details
    • Value Estimation by Request
      2,800 SF

      4211 Lexington Ave Ext

      AUTO REPAIR, GARAGE • 2,800 SF
      4211 Lexington Ave Ext, High Point, NC 27265-7343
      View Details
    • Value Estimation
      $865,000
      18,000 SF

      1520 Horneytown Rd

      AUTO REPAIR, GARAGE • 18,000 SF
      1520 Horneytown Rd, High Point, NC 27265-9255
      View Details
    • Value Estimation by Request
      1,500 SF

      5246 High Pt Rd

      AUTO REPAIR, GARAGE • 1,500 SF
      5246 High Pt Rd, High Point, NC 27265-1146
      View Details
    • Value Estimation by Request
      2,550 SF

      198 Proctor Dr

      AUTO REPAIR, GARAGE • 2,550 SF
      198 Proctor Dr, High Point, NC 27265-7330
      View Details
    • Value Estimation by Request
      3,660 SF

      3909 Trulite Church Rd

      AUTO REPAIR, GARAGE • 3,660 SF
      3909 Trulite Church Rd, High Point, NC 27265
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,432 SF

      Profitable Car Wash on Main

      Well-maintained car wash in High Point with income potential.
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      Adaptable Commercial Building on Eastchester Drive

      Versatile 16,200 SF building suitable for various commercial uses.
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      High-Visibility Commercial Lot For Sale

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      Renovated Pool and Activity Area

      Pool and activity area renovated in 2017 on 2.5+/- acres.
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      Commercial Site in Growing Area

      1.75 acre corner lot near major highways.
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      31 Acres Entitled Multifamily Land

      31 acres of land, zoned for up to 400 units.
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    Similar Nearby for Lease

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      Retail Center Pad Site Available

      Unanchored convenience center with pad site for lease.
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      1,050 SF

      Retail Space in High Point

      1,050 SF retail space in a visible location.
      2401 Penny Rd, High Point, NC 27265
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      High Point Commercial Land Available

      Commercial land for lease in High Point, North Carolina.
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      Retail Space Near Retail Corridor

      Retail space conveniently located near High Point's main retail corridor.
      106 Westover Dr, High Point, NC 27265
      View Details
    • Contact for pricing
      24,200 SF

      High Point Retail/Warehouse Space

      24,200 SF retail/warehouse space in High Point, NC.
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    • Contact for pricing

      Office Space on Highway 68

      Office space available on Highway 68 with abundant parking.
      1208 Eastchester Dr, High Point, NC 27265
      View Details
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    High Point, NC 27265-2751
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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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