2401 Penny Rd High Point, NC 27265
Office Spaces
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Entity Owned
5-yr Hold
~
Est. High Equity
For Lease
1 / 4
Contact for pricing
2401 Penny Rd, High Point, NC 27265
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Estimated value (blended)
$1.06M
Range $954k – $1.17M (±10%)
Implied cap rate
8.70%
In-place · NOI ÷ last sale
Property ID
US53-0073804
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
9,112 SF
Lot
0.91 ac (39,640 SF)
Zoning code
CU-GO-H
APN
207383
UPID
US53-0073804
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
-
Hair Salon Nail Salon
-
Training Center Tutoring Service
-
Restaurant
-
Marketing & Advertising
-
Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.06M
Owner & transaction history
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CU-GO-H · High Point, NC
Top alternative use upside
Retail stores
$1.3M
+4.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.06M
Value range
$954k – $1.17M
±10% around blend
Estimated value / SF
$116 / SF
Confidence
High
7 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
70
Income certainty
100
$954k
blend $1.06M
$1.17M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,112 SF
Lot area
0.91 ac
Year built
1996
APN
207383
Assessed value
$1,402,500
Annual tax
$18,906
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.42M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.54M
@ 6.5% CAP return
$1.42M
@ 7% CAP return
$1.32M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$18,906
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.18M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.9 mi away · 8,128 SF
7.6 mi away · 9,224 SF
9.4 mi away · 8,120 SF
16.0 mi away · 10,897 SF
19.5 mi away · 11,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.06M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 50 sales
$141
-17%
Submarket 235 sales
$145
-20%
County 777 sales
$151
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $116/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+4%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
8.70%
Selected cap rate for this office spaces
Derived from the High Point market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.70%
9.0%
NOI (est.)
$13k *
Last sale · Jul 2021
$1.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$148k
Move the market yield to see immediate price impact.
Value / SF
$16
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.20%8.70%9.20%
$12k
$141k
$133k
$126k
$13k
$157k
$148k
$139k
$14k
$172k
$162k
$153k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$3.22M
5.5 mi · Dec 2025 · $273/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,906
Tax year 2023
Assessed value
$1,402,500
Assessed 2023
Previous assessed
$1,402,500
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$773,000
Assessed improvement
$629,500
Land market value
$773,000
Improvement market value
$629,500
Total market value
$1,402,500
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1996
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
7
Total area
9,112 SF
Lot
0.91 ac (39,640 SF)
Zoning code
CU-GO-H
APN
207383
UPID
US53-0073804
Jurisdiction
GUILFORD
Zoning & alternative use
CU-GO-H · High Point, NCZoning CU-GO-H · permitted uses
CU-GO-H · High Point, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Bathrooms
7
Lot
0.91 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CU-GO-H
Jurisdiction
High Point, NC
Recorded code
CU-GO-H
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CU-GO-H in High Point, NC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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