1200 Hickory Chapel RdHigh Point, NC 27260

Property Details for 1200 Hickory Chapel Rd

Year built

1982

Lot size

0.81 AC

Property size (Sq ft)

8,400 SF

Zone code

LI

Property type

Industrial properties

APN

177005

APU

177005

Description

This exceptional High Point, NC industrial property offers 80,500 square feet of newly improved flex and warehouse space across three separate buildings. The property boasts a convenient location with easy access to I-74 and Highway 29, making it ideal for distribution. Each building features renovated office space and open warehouse areas, serviced by a combined total of 11 loading docks and 3 drive-in doors. Space is divisible to a minimum of 8,900 square feet, accommodating a variety of tenant needs. The property sits on 7.64 acres, including approximately 2.0 acres of additional outdoor storage or truck parking directly off Triangle Lake Road. The property is zoned LI and features 240-volt 3-phase and 600-volt 3-phase power. The buildings are single-story structures. This prime location offers excellent access to major transportation arteries, with proximity to Winston-Salem (approximately 25 minutes), Greensboro (approximately 20 minutes), Charlotte (approximately 1.25 hours), and Raleigh (approximately 1.5 hours). Over $1.5 million in planned property improvements are scheduled for completion by the end of Q2 2025. The property's APN numbers are 7810238407, 7810330217, and 7810331185. This is a rare opportunity to secure a well-located, versatile industrial space in a thriving North Carolina market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,330,610

  6.5%

  $2,151,330

  7%

  $1,997,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,705,980

  Geo Method

  $2,275,930

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,053,620

  Mixed-Use / Specialty

  $1,010,800

  Hospitality / Lodging

  $690,737

  Office

  $964,113

  Institutional / Educational

  $1,036,870

  Residential Income

  $1,213,140

  Multifamily

  $1,671,520

  Automotive / Energy

  $888,744

  Parking / Income-Based Land

  $345,288

  Restaurant / Food Service

  $442,360

  Healthcare / Senior Housing

  $1,076,620

Location Insight

City

High Point

County

Guilford

State

North Carolina

Latitude

35.953

Longitude

-79.9692

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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