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    Property profile & analytics

    1202 Gates School Rd Gates, NC 27937

    • Commercial real estate
    • 20,920 SF
    • 11.25 lot acres
    OFF-MARKET
    Value Estimation
    $555,000
    Location Intelligence
    Property ID
    US53-4756166
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1202 Gates School Rd

    Year built
    1930
    Lot size
    11.25 lot acres
    Property size
    20,920 SF
    Property type
    Commercial real estate
    APN
    03-01102
    APU
    301102

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gates
    County
    Gates
    State
    North Carolina
    Longitude
    -76.7727
    Latitude
    36.5017
    CBSA code
    47260
    CBSA name
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,891
    $117,313
    $546,471
    $663,784
    -
    $127,005
    $546,471
    $673,476

    Comparable in this City

    • Value Estimation by Request
      1,016 SF

      76 Us Hwy 158th W

      COMMERCIAL (GENERAL) • 1,016 SF
      76 Us Hwy 158th W, Gates, NC 27937
      View Details
    • Value Estimation
      $445,000
      2,000 SF

      927 Amp 929th Nc 37th N

      COMMERCIAL (GENERAL) • 2,000 SF
      927 Amp 929th Nc 37th N, Gates, NC 27937
      View Details
    • Value Estimation
      $450,000
      4,608 SF

      1109 Drum Hl Rd

      COMMERCIAL (GENERAL) • 4,608 SF
      1109 Drum Hl Rd, Gates, NC 27937
      View Details
    • Value Estimation
      $395,000
      910 SF

      835 Nc Hwy 37th N

      COMMERCIAL (GENERAL) • 910 SF
      835 Nc Hwy 37th N, Gates, NC 27937-9775
      View Details
    • Value Estimation
      $395,000
      2,957 SF

      20 Paige Riddick Rd

      COMMERCIAL (GENERAL) • 2,957 SF
      20 Paige Riddick Rd, Gates, NC 27937
      View Details
    • Value Estimation
      $490,000
      4,982 SF

      419 Reynoldson Rd

      COMMERCIAL (GENERAL) • 4,982 SF
      419 Reynoldson Rd, Gates, NC 27937-9578
      View Details

    Similar Nearby for Sale

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    • $59,900
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    • $59,900
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      Wooded Lot in Gates County

      9.35 acre wooded lot in Gates County, North Carolina.
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    • $145,000
      4.60 Acres

      Gates, NC Land For Sale

      4.6 acre lot with utilities in Gates, NC.
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    1202 Gates School Rd
    Gates, NC 27937
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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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