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    3023 S Main St High Point, NC 27263
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    3023 S Main St, High Point, NC 27263

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    • Land
    For Sale
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    12.5 Acres of Land For Sale
    Contact for pricing
    12.50 Acres

    12.5 Acres of Land

    12.5 acres of land available for sale.

    3023 S Main St, High Point, NC 27263
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    Property ID
    US53-1051907
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3023 S Main St

    Property type
    Land

    Description

    Land | 12.5 acres

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.9748489
    Latitude
    35.9197522

    Comparable in this City

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      Residential Agricultural Land For Sale

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      Vacant Land Parcel For Sale

      Vacant land parcel with public utilities available.
      000 Liberty Rd, High Point, NC 27263
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      Vacant Land Parcel For Sale

      Vacant land parcel with public utilities available.
      611 Liberty Rd, High Point, NC 27263
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    • $850,000
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      Archdale Land Near Interstate

      14 acres near I-85, Archdale, North Carolina.
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    • $55,000
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      Residential Lot in Bradford Downs

      Residential lot for sale in a convenient Archdale location.
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      Vacant Land Parcel in High Point

      Vacant land parcel available near I-85 in High Point, NC.
      611 Liberty Rd, High Point, NC 27263
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    Similar Nearby for Sale

    • $850,000
      14.00 Acres

      Archdale Land Near Interstate

      14 acres near I-85, Archdale, North Carolina.
      Interstate Dr, Archdale, NC 27263
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      Vacant Land Parcel For Sale

      Vacant land parcel with public utilities available.
      611 Liberty Rd, High Point, NC 27263
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    • Contact for pricing

      Vacant Land Parcel For Sale

      Vacant land parcel with public utilities available.
      000 Liberty Rd, High Point, NC 27263
      View Details
    • Contact for pricing

      Residential Agricultural Land For Sale

      Land suitable for storage or residential agricultural use.
      5441 Uwharrie Rd, Archdale, NC 27263
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    • $1,400,000

      Prime Commercial Land Available

      1.82 acre commercial land parcel with road frontage.
      10405 S Main St, High Point, NC 27263
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    • New
      $109,500
      0.20 Acres

      Multifamily Lots in High Point

      Three adjoining lots zoned RM-16 in High Point, NC.
      2406 Dane St, High Point, NC 27263
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    Similar Nearby for Lease

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      Retail Development Land For Lease

      Retail development opportunity with high traffic and excellent demographics.
      10106 S Main St, Archdale, NC 27263
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      Commercial Property for Rent

      Commercial property available for lease in High Point, North Carolina.
      503 Aztec Dr, High Point, NC 27263
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      11,000 SF

      High Point Warehouse Space Available

      Clean warehouse with dock doors, drive-in door, and secure fencing.
      1943 Baker Rd, High Point, NC 27263
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      High Point Industrial Space Available

      193,449 SF industrial space for lease in High Point.
      315 Kettering Rd, High Point, NC 27263
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      Outparcels Near Walmart Supercenter

      Outparcels available near Walmart in High Point's employment corridor.
      109 Fraley Rd, High Point, NC 27263
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      High Point Industrial Warehouse Space

      66,000 SF industrial warehouse on 7.12 acres for lease.
      2149 Brevard Rd, High Point, NC 27263
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    View Listing
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    3023 S Main St
    High Point, NC 27263
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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.

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