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    7127/7137 Reeps Grove Church Rd Vale, NC 28168

    Sponsored
    For Sale
    $900,000

    MULTI_FAMILY - Vale, NC

    Property size:
    2,933 SF
    Lot size:
    32.20 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 26 at 6:06 am

    Property Features for 7127/7137 Reeps Grove Church Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bathroom 2, Laundry Room, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 4
    Bedrooms
    5
    APN
    106295
    Parking features
    Driveway, Garage - Detached
    Pets allowed
    Yes
    Appliances
    Dishwasher, Electric Oven
    Size
    2,933 SF
    Lot size
    32.20 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Electric
    Water source
    Well

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    2
    Building materials
    Brick Partial, Vinyl, Wood
    Roof type
    Composition
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Cyndi Newton

    NorthGroup Real Estate LLC (704) 400-2252

    Listing agent Cyndi Newton (704) 692-0542

    Listing date Feb 20, 2026

    MLS# 4347630 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Estate with Income Potential

    This 32.20-acre estate offers country living with versatility. The property consists of three parcels and includes two homes, a 3/4-acre pond, and a 2,900+ sq ft workshop with a concrete floor and partial heating. The property offers privacy and is suitable for multi-generational living or income potential. House #1 features an open floor plan with natural light and a family room with a bay window. The updated kitchen includes a large island, soft-close white cabinetry, tile backsplash, and white appliances. The primary suite has a renovated bath with a double vanity, shower/tub combo, LVP tile flooring, and an oversized walk-in closet. Two guest bedrooms share a full bath with a custom tile shower. Both full baths include Bluetooth speakers. The home also features a laundry room, half bath, and a new roof and gutters (2025). Over 27 partially cleared acres offer possibilities for recreation, animals, or expansion. House #2 is a retreat overlooking the pond with an open layout, a kitchen with cabinetry and glass-front accents, and a primary bedroom with pond views. It also features pine bedroom floors, LVP in main areas, a large laundry room with a utility sink, a full bath, and closet space. The home has updated windows, plumbing, and electrical systems. A 2,933 sq ft engineered metal building with concrete floors, a loft, and finished spaces (one area heated) and a 611 sq ft pole barn provide flexibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Restaurant Auto Repair Shop Food Market Grocery & Convenience Store Furniture & Home Goods Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vale
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.420186
    Latitude
    35.537545

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    FAQs

    What type of property is this?
    Ranch - 32.2-acre estate featuring two homes, pond, and workshop.
    Where is this ranch located?
    The property is located at 7127/7137 Reeps Grove Church Rd Vale, NC.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - 32.20-acre estate featuring two homes, perfect for multi-generational living or rental income.; - **Enjoy a 2,900+ sq ft workshop** with concrete floor and partially heated area.; - **Relax by the 3/4-acre pond** and explore over 27 partially cleared acres.
    (704) 692-0542
    Request Owner's contact information
    7127/7137 Reeps Grove Church Rd Vale, NC 28168
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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.

    More about this property
    7127/7137 Reeps Grove Church Rd Vale, NC 28168
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    We can help!
    Listing Contact
    Cyndi Newton
    Real Estate License ID: 298327
    (704) 692-0542 (704) 896-2000
    Learn more
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