Property profile

1224 Elon Pl High Point, NC 27263

OFF-MARKET
Other industrial land
Property ID
US53-1460723
9.18 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of 9.18 acres of land zoned for light industrial use and includes approximately 650 feet of frontage on I-85 Business. Utility services include city-provided water and sewer, and electric service is provided by Duke Energy.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 9.18 ac (399,881 SF)
Zoning code LI
APN 207394
UPID US53-1460723

Cap rate & NOI

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

Location

1224 Elon Pl High Point, NC 27263-9745
High Point metro Census 16600 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.21M

Owner & transaction history

since 2023
Last sale
$2.2M
1 recorded transaction
2023
$2.2M

Zoning & alternative use

LI · High Point, NC
Zoning description

The LI district is established to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, wholesales sales, research and development, and other industrial uses that are small scale

General category INDUSTRIAL

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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