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    101 S Scales St, Unit Reidsville Reidsville, NC 27320

    For Sale
    $349,900

    Unique grandfathered apartments in revitalizing downtown Reidsville, near upcoming casino.

    Source: KELLER WILLIAMS CENTRAL Agent CHRISTY DONALDSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Reidsville Apartment Investment Opportunity

    This property presents an investment opportunity in Downtown Reidsville, North Carolina. Located approximately 20 minutes from the new casino, the property is positioned within a growing and revitalizing area. It features grandfathered apartments, offering potential for future income and long-term value. This property is a prime piece of Reidsville real estate.
    Location Intelligence

    Current Use by Public Records

    Sip Coffee House Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.663991
    Latitude
    36.362072

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    FAQs

    What type of property is this?
    Apartment building - Unique grandfathered apartments in revitalizing downtown Reidsville, near upcoming casino.
    Where is this apartment building located?
    The property is located at 101 S Scales St, Unit Reidsville Reidsville, NC.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Only grandfathered apartments in downtown Reidsville.; - Located in a growing, revitalizing area.; - Exceptional investment opportunity.
    (336) 227-4433
    Request Owner's contact information
    101 S Scales St, Unit Reidsville Reidsville, NC 27320
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    Realmo Value Estimation

    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.

    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.

    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
    101 S Scales St, Unit Reidsville Reidsville, NC 27320
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