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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
120 Iron Works Rd Reidsville, NC 27320-9505
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1418344
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1940
Total area
1,974 SF
Lot
0.95 ac (41,310 SF)
Zoning code
NGHBRHD COMMERCIAL COUNTY
APN
7993-05-19-0620-00
UPID
US53-1418344
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
DJ's Community Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nila D Patel · 4 yrs held
Nila D Patel
since 2022
Last sale
$192,000
5 recorded transactions
Zoning & alternative use
NGHBRHD COMMERCIAL COUNTY · Reidsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Reidsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reidsville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$584
Tax year 2023
Assessed value
$73,514
Assessed 2023
Previous assessed
$73,514
+0.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$30,982
Assessed improvement
$42,532
Land market value
$30,982
Improvement market value
$42,532
Total market value
$73,514
Applied tax rate
118.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1940
Heating
HEAT PUMP
Stories
1
Total area
1,974 SF
Lot
0.95 ac (41,310 SF)
Zoning code
NGHBRHD COMMERCIAL COUNTY
APN
7993-05-19-0620-00
UPID
US53-1418344
Jurisdiction
ROCKINGHAM
Zoning & alternative use
NGHBRHD COMMERCIAL COUNTY · Reidsville, NC
Zoning NGHBRHD COMMERCIAL COUNTY · permitted uses
NGHBRHD COMMERCIAL COUNTY · Reidsville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reidsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Heating
HEAT PUMP
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Nila D Patel
Individual
Free & Clear · 4 yrs held
Mailing address
5504 TIER VW TRL, GREENSBORO, NC 27405-8297
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$192,000
Nila D Patel
Donald Carver
Warranty Deed
—
May 28, 2014
$41,000
Donald Wayne Carver SR.
James Allen Pennell
Special Warranty Deed
—
Dec 13, 2013
—
James A Pennell
Pennell,shelia S
Quit Claim Deed
related
—
Sep 6, 2012
$82,000
Donald W Carver SR.
Washburn,nathan D & Revelle L
Warranty Deed
—
Dec 6, 2010
—
Nathan Washburn
Washburn Fletcher D II
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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