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Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Office Spaces
301 Elm St High Point, NC 27262-4936
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-1705287
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1968
Total area
46,735 SF
Lot
6.98 ac (304,049 SF)
Zoning code
MX-D
APN
186812
UPID
US53-1705287
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
-
High Point Rockers Baseball Sports Field & Court
-
Truist Point Stadium Sports Field & Court
-
Truist - ATM Atm
-
Blessing Park - Splash Pad Park
-
The Catalyst Club at Truist Point Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.28M
Comparable Approach
Comparable
$7.74M
Blend (final)
Blend
$6.90M
Owner & transaction history
City Of High Point · 8 yrs held
City Of High Point
since 2017
3 recorded transactions
Zoning & alternative use
MX-D · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,885,000
6.5%
$7,280,000
7%
$6,760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,380,000
Current use
RETAIL STORES
$6,850,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$6.90M
Range $6.21M – $7.59M · ±10%
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
$148 / 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
Assessed value
$14,063,500
Assessed 2023
Previous assessed
$14,063,500
+0.0% YoY
Assessed land
$4,864,800
Assessed improvement
$9,198,700
Land market value
$4,864,800
Improvement market value
$9,198,700
Total market value
$14,063,500
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
1968
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
2
Bathrooms
9
Total area
46,735 SF
Lot
6.98 ac (304,049 SF)
Zoning code
MX-D
APN
186812
UPID
US53-1705287
Jurisdiction
GUILFORD
Zoning & alternative use
MX-D · High Point, NC
Zoning MX-D · permitted uses
MX-D · 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
$7.4M
RETAIL STORES
Est. value
$6.9M
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
9
Lot
6.98 ac
Current owner
From public records · entity-resolved
City Of High Point
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 230, HIGH POINT, NC 27261-0230
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2017
$1,211,000
City Of High Point
Dj Worldwide LLC
Warranty Deed
—
Jan 13, 2017
$400,000
Dj Worldwide LLC
High Point Ents INC
Warranty Deed
—
—
—
The,high Point Enterprise INC
—
Deed Of Trust
related
$2,000,000 · Wachovia Bank NA
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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