Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2314 Freeway Dr Reidsville, NC 27320

    Sponsored
    For Sale
    $162,000

    High-traffic location, development ready.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    346
    This exceptional 0.49-acre commercial lot in Reidsville, NC, presents a remarkable investment opportunity. Situated on Freeway Drive, this prime corner lot enjoys unparalleled visibility and accessibility due to its strategic highway location and proximity to US 158. The property's high-traffic location ensures significant exposure for any commercial venture. Its versatility makes it suitable for a wide range of uses, including retail stores, office spaces, or storage facilities. The existing water tap on the property simplifies development and reduces initial setup costs. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes. The property's size and location offer significant potential for growth and return on investment. The asking price is $162,000. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area. Don't miss out on this chance to establish your business in a high-traffic, easily accessible location. Serious inquiries only.

    Property Features for 2314 Freeway Dr

    General Information

    Property type
    Investment properties
    Lot Size
    21,344 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.67393
    Latitude
    36.37408

    Nearby Similar for Sale

    • $349,900
      Pending

      Downtown Reidsville Investment Opportunity

      Unique grandfathered apartments in revitalizing downtown Reidsville, near new casino.
      101 S Scales St, Reidsville, NC 27320
      View Details
    • $255,900
      9,730 SF

      Downtown Reidsville Office Investment

      Office building in revitalizing downtown Reidsville, near upcoming casino.
      220 S Scales St, Reidsville, NC 27320
      View Details
    • $289,900
      3,258 SF

      Reidsville Quadruplex Investment Opportunity

      Quadruplex in Reidsville with rental income potential.
      604 Wentworth St, Reidsville, NC 27320
      View Details
    • New
      $269,900
      Pending

      Reidsville Quadplex with Rental History

      Quadplex in Reidsville, NC with strong rental income potential.
      510 Piedmont St, Reidsville, NC 27320
      View Details
    • $360,000

      Established RV Park Investment Opportunity

      10+ acre farm with permitted RV sites near major cities.
      Little Birds Ln, Reidsville, NC 27320
      View Details
    • $449,000

      Fully Leased Commercial Investment Property

      Brick-and-mortar commercial investment with excellent visibility and long-term market value.
      1315 Freeway Dr, Reidsville, NC 27320
      View Details
    • $795,000

      Reidsville Multifamily Investment Opportunity

      Multifamily property with long-term tenants, generating consistent returns.
      1404 Front St, Reidsville, NC 27320
      View Details
    • $230,000

      Downtown Reidsville Mixed-Use Investment

      Mixed-use property with apartments and retail space in downtown Reidsville.
      105 Gilmer Street Ext, Reidsville, NC 27320
      View Details
    • $349,900

      Downtown Reidsville Apartment Investment Opportunity

      Unique grandfathered apartments in revitalizing downtown Reidsville, near upcoming casino.
      101 S Scales St, Reidsville, NC 27320
      View Details
    • $399,997
      3,670 SF

      Commercial Office/Warehouse on 2.65 Acres

      3700 Sq Ft commercial building with truck docks for sale.
      103 W Harrison St, Reidsville, NC 27320
      View Details
    • $274,900

      Downtown Reidsville Investment Opportunity

      Office building in revitalizing downtown Reidsville, near upcoming casino.
      220 S Scales St, Reidsville, NC 27320
      View Details
    • $694,997

      Versatile Property on 9 Acres

      9-acre property suitable for school, church, warehouse, or residential conversion.
      2335 Nc Highway 87, Reidsville, NC 27320
      View Details

    FAQs

    What type of property is this?
    Investment property - High-traffic location, development ready.
    Where is this investment property located?
    The property is located at 2314 Freeway Dr Reidsville, NC.
    What is the asking price?
    The asking price for this property is $162,000.
    (888) 584-9431
    Request Owner's contact information
    2314 Freeway Dr Reidsville, NC 27320
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2314 Freeway Dr
    Reidsville, NC 27320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    2314 Freeway Dr Reidsville, NC 27320
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.