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    105 Gilmer Street Ext Reidsville, NC 27320

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    For Sale
    $230,000

    Mixed-use property with apartments and retail space in downtown Reidsville.

    Property Features for 105 Gilmer Street Ext

    General Information

    Standard status
    Active

    Building Details

    Year built
    1922

    Source: REALTY ONE GROUP RESULTS REIDSVILLE Agent LIZ ECKLER

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

    Overview

    Downtown Reidsville Mixed-Use Investment

    Located in downtown Reidsville, this investment property features three rental apartments and a retail/commercial space fronting Gilmer Street. The rental units have a separate entrance. Utility rough-ins are installed. The apartments can be quickly completed and offered for rent. The retail/commercial space needs finishing to be available for rent. This property can provide four income streams. It is an opportunity for an investor that understands the value of new infrastructure in a 1922 era building within walking distance to downtown.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair 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
    -79.667649
    Latitude
    36.360099

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and retail space in downtown Reidsville.
    Where is this mixed-use property located?
    The property is located at 105 Gilmer Street Ext Reidsville, NC.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Four potential income streams from **three apartments and a retail/commercial space**.; - Excellent investment opportunity in downtown Reidsville.; - Retail/commercial space fronts Gilmer St with separate entrance.
    Request Owner's contact information
    105 Gilmer Street Ext Reidsville, NC 27320
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    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
    105 Gilmer Street Ext Reidsville, NC 27320
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