1925 Eastchester Dr High Point, NC 27265-1404
- Retail space
- 94,760 SF
- 8.60 lot acres
Current Use by Public Records
- Mod Box Storage / Self-Storage Facility / Rv Storage Facility
- La Barge Inc / Home Goods Store / Furniture Wholesaler
- Lake Point / Park
Property Details for 1925 Eastchester Dr
- Year built
- 1993
- Construction
- FRAME
- Lot size
- 8.60 lot acres
- Property size
- 94,760 SF
- Zone code
- CU-GO-M
- Property type
- Retail space
- APN
- 195741
- APU
- 195741
Description
This exceptional self-storage portfolio comprises two strategically located facilities in North Carolina's thriving Piedmont Triad region. The properties boast a combined 1,209 units and 127,926 net rentable square feet, situated on 11.3 acres of land. Both facilities feature ground-level drive-up access, climate-controlled units, ample parking, and convenient amenities such as online bill pay and monthly leases. The High Point location (1925 Eastchester Dr, High Point, NC 27265) offers significant upside potential, including the addition of RV/boat parking and potential for portable unit expansion. Its proximity to High Point University (2.7 miles) provides a strong, consistent demand base. The Mebane location (4550 Arrowhead Blvd, Mebane, NC 27302) benefits from its proximity to a soon-to-open Buc-ee's travel center, further enhancing its visibility and attracting customers. The portfolio enjoys a combined daily traffic count of 149,000 vehicles. As of March 11, 2024, the portfolio exhibited an impressive 82.9% occupancy rate. The surrounding areas demonstrate robust growth, with 6,067 future residential units planned within a 5-mile radius. Average household incomes within a 3-5 mile radius range from $91,227 to $90,479. The properties, built/renovated between 2020 and 2021, present a compelling investment opportunity with substantial potential for increased revenue through market-rate rent adjustments. The current street rate for a 10x10 climate-controlled unit on the first floor is $62, significantly below the local market average of $110.60 in Mebane-Arrowhead.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $9,355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,270,000
- 6.5%
- $10,975,000
- 7%
- $10,115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,620,000
- Geo Method
- $10,180,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,470,000
- Retail
- $10,820,000
- Mixed-Use
- $9,200,000
- Hospitality
- $10,205,000
- Educational
- $9,320,000
- Residential Income
- $8,865,000
- Energy
- $8,735,000
- Income-Based Land
- $9,855,000
- Food Service
- $8,220,000
Location Insight
- Map
- Local Demand
- City
- High Point
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.9829
- Latitude
- 36.014
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
