Freeway Drive Commercial
1418 Freeway Drive, Reidsville, NC 27320
For Sale
$542,900
2,700 sq ft commercial building on busy Freeway Drive.
Property Size2,700 SF
Price / SF$201.07
Days on Market260
Property Features for 1418 Freeway Drive
General Information
Standard status
Size
Property subtype
Amenities
City Lot
Cleared
Building Details
Year Built
Listing Agency:
CENTURY 21 THE KNOWLES TEAM
(336) 342-2022
Listed By:
TERESA S. KNOWLES · License NC #169794
(336) 613-8835
Source:
Corcoran
Added: Feb 23
Changed: Aug 28
Last Checked: Aug 25 at 7:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 THE KNOWLES TEAM
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Investment Insights
Based on property information with market context.
This 2,700 sq. ft. all-brick building is located on busy Freeway Drive and offers street visibility and high traffic exposure. Currently operating as a hair salon, the layout includes a spacious main salon area with 12 booths, a reception area, and four private rooms suitable for esthetics, massage, or specialty services. It also features a break room with private lockers. The floor plan allows for division into two separate units. Ample parking is available in both the front and rear of the building. The property is suitable for salon professionals, medical spa, boutique retail, office space, or investors. It is accessible for commuters from Danville, VA, Eden, and Greensboro.
Key Highlights
- High‑visibility location on busy Freeway Drive with excellent traffic exposure.
- Flexible floor plan allows division into two separate units for added income or multi‑business use.
- Spacious 2,700 sq. ft. all‑brick building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,567
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,340
$531.3K
Cap Rate 7%
$379,529
$379.5K
Cap Rate 9%
$295,189
$295.2K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$40.5K $15.00/SF
− Vacancy
−$2.5K −$0.94/SF
EGI
$38.0K $14.06/SF
− OpEx
−$11.4K −$4.22/SF
NOI
$26.6K $9.84/SF
Area
Rockingham County, NC
Vacancy
6.29%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,340
Cap Rate 7%
$379,529
Cap Rate 9%
$295,189
Alternative Uses
Best Use
Retail
$379.5K
$332.1K – $442.8K
NOI $26,567 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$890.2K
$778.9K – $1.04M
NOI $62,313 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 27320, NC
37,843
Population
17,876
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
85%
High-School Grad
244.9 sq mi
ZIP Area
155
Density / Sq Mi
$55,491
Median Household Income
$37,258
Median Earnings
$776
Median Rent
$170,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - 2,700 sq ft commercial building on busy Freeway Drive.
Where is this retail space located?
The property is located at 1418 Freeway Drive Reidsville, NC.
What is the asking price?
The asking price for this property is $542,900.
What are key features of this property?
This property features: High‑visibility location on busy Freeway Drive with excellent traffic exposure.; Flexible floor plan allows division into two separate units for added income or multi‑business use.; Spacious 2,700 sq. ft. all‑brick building.
