Property profile

509 Commerce Ave High Point, NC 27260

OFF-MARKET
Apartment buildings
Property ID
US53-5688275
6,400 SF 6.33 ac lot Built 1968
Entity Owned 2-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1968
Total area 6,400 SF
Lot 6.33 ac (275,735 SF)
Zoning code RM-26
APN 171557
UPID US53-5688275

Cap rate & NOI

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

Location

509 Commerce Ave High Point, NC 27260-6781
High Point metro Census 13900 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.26M
Blend (final) Blend
$7.26M

Owner & transaction history

since 2023
Last sale
$6.3M
3 recorded transactions
2023
$6.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RM-26 · High Point, NC
Zoning description

The RM-26 district is established to accommodate a mix of residential and institutional uses intended to help establish functioning neighborhoods. The district accommodates residential uses at densities of up to 26 units…

General category CIVIC_INSTITUTIONAL

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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