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    Freeway Dr Reidsville, NC 27320

    • Land
    • 8.38 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Freeway Dr

    Lot size
    8.38 lot acres
    Property type
    Land

    Description

    This exceptional 8.38-acre commercial land parcel presents a compelling investment opportunity in Reidsville, North Carolina. Located on Freeway Drive (Business 29/87), this property boasts a highly desirable location, situated along the western outer loop, north of downtown Reidsville and adjacent to the Reidsville Goodwill Store. The property is zoned for a mixed-use development, encompassing Highway Business (HB), Conditional Use-Highway Business (CU-HB), and Residential (RA-20) zoning designations. This allows for a flexible approach to development, potentially incorporating a blend of commercial and residential uses, or even exclusively residential development with a mix of single-family and multi-family dwellings. A survey conducted by Wilson Surveying, Inc. on September 16, 2014, confirms the 8.38-acre size (Rockingham County records list 9.39 acres

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.6831
    Latitude
    36.3634

    Comparable in this City

    • Value Estimation by Request
      11.91 Acres

      Freeway Dr

      Multifamily properties • 518,800 SF
      0 Freeway Dr, Reidsville, NC 27320
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      100.42 Acres

      Morehead St

      Land • 100.42 Acres
      0 Morehead St, Reidsville, NC 27320
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    • Value Estimation by Request
      2.00 Acres

      & NC 87 Sandy Cross Rd

      Land • 2.00 Acres
      & NC 87 Sandy Cross Rd, Reidsville, NC 27320
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    • Value Estimation by Request
      1.62 Acres

      Richardson Dr

      Land • 1.62 Acres
      0 Richardson Dr, Reidsville, NC 27320
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    • Value Estimation by Request
      50.01 Acres

      Us-158

      Land • 50.01 Acres
      0 Us-158, Reidsville, NC 27320
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    • Value Estimation by Request
      2.02 Acres

      Freeway Dr

      Land • 2.02 Acres
      0 Freeway Dr, Reidsville, NC 27320
      View Details

    Similar Nearby for Sale

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    • $500,000
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    Similar Nearby for Lease

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      Prime Commercial Land for Lease

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      Reidsville Retail/Warehouse Space Available

      2,700 SF retail/warehouse space for lease in Reidsville, NC.
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    • Contact for pricing
      32,390 SF

      Prime Reidsville Executive Office Space

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      Reidsville Apartment for Rent

      One-bedroom, one-bath apartment available for rent in Reidsville.
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      Reidsville Office Space For Lease

      Recently renovated office space available in Reidsville, North Carolina.
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    • $7 SF/Yr
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      Reidsville Flex Building For Rent

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    Freeway Dr
    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
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