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Property profile & analytics
OFF-MARKET
Estimated value
$21,210,000
Office Spaces
1814 Westchester Dr High Point, NC 27262-7299
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5675163
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2007
Construction
FRAME
Total area
104,686 SF
Lot
12.97 ac (564,973 SF)
Zoning code
GB
APN
185877
UPID
US53-5675163
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cornerstone Memory & Aging Care Clinic | Wake Forest Baptist Health Physician Medical Clinic
-
Atrium Health Wake Forest Baptist | Medi-Nail Spa Medical Clinic
-
Westchester Medical Office Building Medical Clinic
-
Surgical Specialists - Westchester Medical Clinic Hospital
-
Cornerstone Breast Care Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.38M
CAP Approach
CAP
$16.31M
Comparable Approach
Comparable
$26.17M
Blend (final)
Blend
$21.21M
Owner & transaction history
Gmre High Point LLC · 1 yrs held
Gmre High Point LLC
since 2024
Last sale
$28.0M
2 recorded transactions
Zoning & alternative use
GB · High Point, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs High Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Point submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$19,280,000
ML approach
$13,375,000
CAP Approach
CAP Return
Estimation
6%
$17,665,000
6.5%
$16,305,000
7%
$15,140,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,535,000
Current use
RETAIL STORES
$15,345,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$21.21M
Range $19.09M – $23.33M · ±10% · vs last sale $28.01M (Sep 23 2024)
Last sale anchor
$28.01M
Sep 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$203 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$323,461
Tax year 2023
Assessed value
$23,995,600
Assessed 2023
Previous assessed
$28,251,700
-15.1% YoY
Effective rate
1.35%
On assessed value
Assessed land
$3,954,800
Assessed improvement
$20,040,800
Land market value
$3,954,800
Improvement market value
$20,040,800
Total market value
$23,995,600
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
2
Bathrooms
64
Total area
104,686 SF
Lot
12.97 ac (564,973 SF)
Zoning code
GB
APN
185877
UPID
US53-5675163
Jurisdiction
GUILFORD
Zoning & alternative use
GB · High Point, NC
Zoning GB · permitted uses
GB · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.5M
RETAIL STORES
Est. value
$15.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
2
Bathrooms
64
Lot
12.97 ac
Current owner
From public records · entity-resolved
Gmre High Point LLC
Entity
Mailing address
2 BETHESDA METRO CTR STE #440, BETHESDA, MD 20814-5333
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$28,006,000
Gmre High Point LLC
Gmr High Point LLC
Deed
$17,600,000 · First Citizens Bank & Trust Co
Feb 14, 2020
$24,750,000
Gmr High Point LLC
Chc Realty LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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