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    2705 Main St High Point, NC 27265-2059
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    Property profile & analytics

    2705 Main St, High Point, NC 27265-2059

    View on Map
    • Commercial real estate
    • 3,000 SF
    • 8.50 lot acres
    Off-Market
    Property ID
    US53-0902537
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    4.1%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Northpointe Xing / Business Service Center / Corporate Office
    • Tan Line / Tanning Salon
    • Huang's Kitchen / Restaurant
    • Subway / Take-out & Catering
    • AMC High Point 8 / Cinema / Theater & Performing Art Venue

    Property Details for 2705 Main St

    Year built
    1992
    Lot size
    8.50 lot acres
    Zone code
    C
    Property type
    Commercial real estate
    APN
    197218
    APU
    197218

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 28, 2024 — Hp Consolidated Holdings LLC — Deed · related $11M · Carter Bank & Trust
    — — North Pointe Marketplace Partn — Deed Of Trust · related $3.9M · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $745,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $465,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $620,000
      Market price range: $259k - $620k
      AI Estimate
      $522,000
      Market price range: $147k - $522k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $420,000
      Current use
      RETAIL STORES
      $440,000
      Change: +4% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -80.0321
    Latitude
    35.993
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $87,437
    $3,554,500
    $2,931,900
    $6,486,400
    -
    $3,554,500
    $2,931,900
    $6,486,400

    Comparable in this City

    • Value Estimation by Request
      3.95 Acres

      121 Westover Dr

      COMMERCIAL (GENERAL)
      121 Westover Dr, High Point, NC 27265-2870
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      0.49 Acres

      198 Clark Pl

      COMMERCIAL (GENERAL)
      198 Clark Pl, High Point, NC 27265
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    • Value Estimation by Request
      0.50 Acres

      3711 Main St, Unit 3713

      COMMERCIAL (GENERAL)
      3711 Main St, High Point, NC 27265-1855
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    • Value Estimation by Request
      13.53 Acres

      2445 Penny Rd

      COMMERCIAL (GENERAL)
      2445 Penny Rd, High Point, NC 27265-8120
      View Details
    • Value Estimation
      $1,105,000
      6,174 SF

      3850 John Gordon Ln

      COMMERCIAL (GENERAL)
      3850 John Gordon Ln, High Point, NC 27265-8046
      View Details
    • Value Estimation
      $1,440,000
      8,232 SF

      3917 Sedgebrook St

      COMMERCIAL (GENERAL)
      3917 Sedgebrook St, High Point, NC 27265-8703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      624 SF

      Corporate Leased Investment Opportunity

      Corporate leased property with a long lease term available for sale.
      2521 Eastchester Dr, High Point, NC 27265
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    • $1,200,000

      High Point Condominium Portfolio

      Portfolio of eight condominium units in High Point and Trinity.
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      Class A Office Spaces

      Subdividable Class A office spaces for lease in High Point.
      1823 Eastchester Dr, High Point, NC 27265
      View Details
    • Contact for pricing

      Two Vacant Lots For Sale

      Two combined vacant lots totaling 1.20 acres for sale.
      4415 Johnson Street Ext, High Point, NC 27265
      View Details
    • Contact for pricing

      High Point Land Opportunity

      Approximately 1 acre of land in High Point, North Carolina.
      711 Greenwood Dr, High Point, NC 27265
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,083 SF

      Class A Office Space Available

      Modern office spaces for lease in a centrally located building.
      2485 Penny Rd, High Point, NC 27265
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      90,000 SF

      High Point Warehouse Space

      90000 SF warehouse with easy highway access.
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      1,453 SF

      Professional Office Space Available

      Third-floor office space with ample parking and full-service lease.
      1912 Eastchester Dr, High Point, NC 27265
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      24,000 SF

      High Point Warehouse Space Available

      24,000 sqft warehouse with easy highway access for rent.
      4183 Eagle Hill Dr, High Point, NC 27265
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    • Contact for pricing
      1,150 SF

      Office Suites Available For Rent

      Two office suites available with private offices and kitchenettes.
      2310 N Centennial St, High Point, NC 27265
      View Details
    • Contact for pricing
      148,200 SF

      Industrial Warehouse Space For Lease

      148,200 SF warehouse with easy access to major highways.
      792 Gallimore Dairy Rd, High Point, NC 27265
      View Details

    Property Visit Statistics

    • Visits by month
      55.1k
    • Visitors by month
      28.3k
    • Avg Time on site
      19 min
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    High Point, NC 27265-2059
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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