704 Mcway DrHigh Point, NC 27263

Property Details for 704 Mcway Dr

Year built

1988

Construction

FRAME

Lot size

0.73 AC

Property size (Sq ft)

10,500 SF

Zone code

LI

Property type

Industrial properties

APN

180763

APU

180763

Description

This exceptional 10,705-square-foot industrial property in High Point, North Carolina, presents a unique opportunity for businesses seeking flexible warehouse or manufacturing space. Located at 704 McWay Drive, this single-tenant building sits on a 0.73-acre lot and is zoned for Light Industrial use. The property boasts a convenient location with easy access to major expressways, including Highway 29, I-74, and I-85, providing significant logistical advantages for efficient distribution and transportation. The building features a single story, offering 10,705 square feet of immediately available space. Loading is facilitated by two dock-high doors and one drive-in door, ensuring smooth and efficient operations. The TICAM rate is $1.20 per square foot. The partially built-out interior offers flexibility for tenant-specific modifications, allowing for customization to meet individual business needs. This property is situated in Guilford County, North Carolina, and has a 27263 zip code. The property's size and features make it ideal for a variety of industrial uses, including manufacturing, distribution, and warehousing. This is a rare opportunity to acquire a well-located, functional industrial space in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,913,270

  6.5%

  $2,689,170

  7%

  $2,497,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,132,470

  Geo Method

  $2,844,910

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,317,030

  Mixed-Use / Specialty

  $1,263,510

  Hospitality / Lodging

  $863,421

  Office

  $1,205,140

  Institutional / Educational

  $1,296,080

  Residential Income

  $1,516,420

  Multifamily

  $2,089,410

  Automotive / Energy

  $1,110,930

  Parking / Income-Based Land

  $431,610

  Restaurant / Food Service

  $552,950

  Healthcare / Senior Housing

  $1,345,770

Location Insight

City

High Point

County

Guilford

State

North Carolina

Latitude

35.9398

Longitude

-79.967

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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