Technical
Financial
Distress signals
Property profile

1305 Old Thomasville Rd High Point, NC 27260

OFF-MARKET
Warehouses
Property ID
US53-1225508
15,900 SF 3.59 ac lot Built 1986
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 171,825-square-foot industrial flex warehouse situated on a substantial 14.93-acre lot in High Point, North Carolina. The property, located at 1305 Old Thomasville Rd, 27260, boasts two buildings constructed in 1967 and renovated in 1994. Currently operating at 100% occupancy under a triple-net (NNN) lease with approximately three years remaining, this property offers a compelling value-add proposition. The existing tenant, Allred Metal Stamping Works, has a remarkable history of over 50 years at this location. The property features eight loading docks and impressive ceiling heights ranging from 12 to 26.5 feet, catering to diverse operational needs. The LI (Light Industrial) zoning permits a variety of potential uses, enhancing its long-term investment potential. Its strategic location near the US Highway 29/70 interchange provides excellent access to major transportation arteries, further solidifying its appeal. This property represents a rare chance to acquire a well-located, established industrial asset with significant upside potential. The low rent provides immediate cash flow, while the zoning and location offer flexibility for future development or repositioning. This is an ideal opportunity for investors seeking a stable, income-producing asset with significant long-term growth prospects.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1986
Total area 15,900 SF
Lot 3.59 ac (156,380 SF)
Zoning code LI
APN 6798293688
UPID US53-1225508

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Metal Fabrication Plant Factory

Location

1305 Old Thomasville Rd High Point, NC 27260-8459
High Point metro Census 31601 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$270k

Owner & transaction history

since 2024
Last sale
$2.0M
3 recorded transactions
2025
Price N/A
2024
$2.0M
2016
Price N/A

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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