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    1501 Main St High Point, NC 27260-4405
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    Property profile & analytics

    1501 Main St High Point, NC 27260-4405

    View on Map
    • Commercial real estate
    • 19,538 SF
    • 1.03 lot acres
    Off-Market
    Last Sale Jul 28, 2022
    $700,000
    Property ID
    US53-0207873
    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.
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lindsay Odom Ltd. / Clothing & Fashion Store
    • NC Distro / Big Box & Wholesale Store
    • Armfield Wealth / Financial Advisor

    Property Details for 1501 Main St

    Year built
    1950
    Construction
    FRAME
    Lot size
    1.03 lot acres
    Property size
    19,538 SF
    Zone code
    LI
    Property type
    Commercial real estate
    APN
    174450
    APU
    174450

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $770,000
      ML approach
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.9981
    Latitude
    35.9407
    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
    $14,797
    $162,000
    $935,700
    $1,097,700
    -
    $162,000
    $935,700
    $1,097,700

    Comparable in this City

    • Value Estimation by Request
      24.19 Acres

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      0.46 Acres

      3101 Bowers Ave

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      0.09 Acres

      500 Elm St

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      0.42 Acres

      619 Elm St, Unit 621

      COMMERCIAL (GENERAL) • 0.42 Acres
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      0.20 Acres

      1023 Grn Dr

      COMMERCIAL (GENERAL) • 0.20 Acres
      1023 Grn Dr, High Point, NC 27260-6717
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    • Value Estimation by Request
      0.16 Acres

      2008 Grn Dr

      COMMERCIAL (GENERAL) • 0.16 Acres
      2008 Grn Dr, High Point, NC 27260-6923
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.16 Acres

      High Point Land Opportunity

      Commercial land available in High Point, North Carolina.
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    • $295,000
      1.00 Acre

      High Point Commercial Land Available

      Commercial land with high visibility near Greensboro Road.
      600 Greensboro Rd, High Point, NC 27260
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    • $350,000
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      High Point Tire Shop Investment

      Commercial property in High Point, currently operating as tire shop.
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      Residential Land Parcels in High Point

      Six residential land parcels for sale in High Point, NC.
      1010 Grace St, High Point, NC 27260
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    • $69,900

      Light Industrial Land For Sale

      Light industrial land with highway frontage and convenient access.
      430 New St, High Point, NC 27260
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    • $4,950,000

      Furniture Showroom with Parking

      One-level showroom near High-End district with loading dock.
      320 E Commerce Ave, High Point, NC 27260
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Light Industrial Building For Lease

      23,367 SF light industrial building with outdoor storage potential.
      530 Pendleton St, High Point, NC 27260
      View Details
    • $3 SF/Yr
      43,200 SF

      High Point Industrial Facility

      Affordable industrial facility for storage or manufacturing with multiple docks.
      200 E Market Center Dr, High Point, NC 27260
      View Details
    • Contact for pricing
      33,000 SF

      High Point Manufacturing Facility

      Specialized manufacturing facility with office and warehouse space for rent.
      1826 Albertson Rd, High Point, NC 27260
      View Details
    • $12 SF/Yr
      5,000 SF

      Lower-Level Showroom with Parking

      Spacious showroom with open floor plan and gated parking.
      225 S Elm St, High Point, NC 27260
      View Details
    • $20 SF/Yr
      11,277 SF

      Showroom Space in Market Building

      Move-in-ready showroom space in a multitenant building for rent.
      212 E Green Dr, High Point, NC 27260
      View Details
    • $18 SF/Yr
      5,000 SF

      High Point Showroom Opportunity

      Prime showroom space in the heart of Furniture Market.
      124 S Main St, High Point, NC 27260
      View Details
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    1501 Main St
    High Point, NC 27260-4405
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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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