Property profile

1617 Shaver St High Point, NC 27265

FOR SALE
Other commercial real estate
Property ID
US53-1134904
1,286 SF 2.48 ac lot Built 1969
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

The property was formerly the Knoll Crest Swim Center and is sited on approximately 2.5 acres. It was renovated in 2017, including interior pool resurfacing, resurfacing of the deck concrete, replacement of pumps and motors in the pump room, installation of a baby pool motor room, and complete landscaping. The site includes a fully functioning pool along with an activity and event area. The property also includes land identified for construction of a tower, with a Verizon tower-related arrangement described as optional for a future owner, and the lease arrangement stated as cancelable at the future buyer’s discretion. The facilities are usable as an operating pool and are also presented as developable for alternative uses such as a housing subdivision, mobile homes, retail, or residential development.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1969
Construction FRAME
Total area 1,286 SF
Lot 2.48 ac (108,029 SF)
Zoning code R-5
APN 196957
UPID US53-1134904

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
  • Swimming Pool Family Recreation Center

Location

1617 Shaver St High Point, NC 27265
High Point metro Census 14411 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2013
1 recorded transaction
2013
$13,000

Zoning & alternative use

R-5 · High Point, NC
Zoning description

The R-5 district is established to accommodate principally single-family detached dwellings developed at a density of 5 units an acre that is served by public water and sewer

General category RESIDENTIAL

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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More about this property
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