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203 Lexington Ave High Point, NC 27262-2649

OFF-MARKET Commercial real estate Google Maps
4,000 SF 0.79 ac lot Built 1986
Individually Owned 1-yr Hold Free & Clear
Estimated value (blended)
$1.00M
Range $900k – $1.10M (±10%)
Property ID US53-2196753

Property summary

AI-generated overview

This exceptional investment opportunity encompasses three buildings totaling 10,270 square feet situated on a 0.79-acre lot in High Point, North Carolina. The property, located at 203 E Lexington Ave, is zoned GB (General Business District) and boasts 100% occupancy. Building 1, at 203 E. Lexington Ave, comprises 2,520 square feet and houses three tenants: a restaurant, barber shop, and salon. Building 2, located at 205 E Lexington Ave, offers 4,000 square feet and is occupied by a church and High Point Medical Center. Building 3, situated at 1313 Hamilton Place, features 3,750 square feet with a church, event center, and contractor as tenants. The strategic corner location at E Lexington Ave and N Hamilton St provides excellent visibility and accessibility. The property benefits from its proximity to downtown High Point, High Point Hospital, and is a half-mile from High Point University. All buildings feature 12-foot clear ceiling heights. The asking price for this fully leased, high-return investment is $1,200,000. Contact us today for additional information and financial details.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1986
Total area 4,000 SF
Lot 0.79 ac (34,412 SF)
Zoning code GB
APN 189217
UPID US53-2196753

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
$625k
Comparable Approach Comparable
$984k
Blend (final) Blend
$1.00M

Owner & transaction history

since 2024
Last sale
$1.0M
2 recorded transactions
2024
Price N/A
2024
$1.0M

Zoning & alternative use

GB · High Point, NC
Zoning description

The GB district is established to accommodate a wide range of general retail, business, and service uses that serve groups of neighborhoods

General category COMMERCIAL

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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