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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Manufacturing properties
1203 Fwy Dr, Reidsville, NC 27320-7103
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1668761
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1957
Total area
46,258 SF
Lot
12.24 ac (533,174 SF)
Zoning code
LGT INDUST REIDSVILLE
APN
7993-07-78-0068-00
UPID
US53-1668761
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
-
Merchant 1 Manufacturing Industrial Manufacturer Production Facility
-
M1M Equipment Auto Repair Shop
-
Stateline Powdercoating Powder Coating Service
-
APRO TOOL AND EQUIPMENT Car Dealership
-
Merchant 1 Marketing Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$621k
Blend (final)
Blend
$995k
Owner & transaction history
Cody Industries LLC · 1 yrs held
Cody Industries LLC
since 2025
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
LGT INDUST REIDSVILLE · Reidsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+77.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$840,000
Current use
WAREHOUSE, STORAGE
$1,495,000
Change: +78% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.30M (Dec 18 2024)
Last sale anchor
$1.30M
Dec 18 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$22 / SF
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
$9,436
Tax year 2023
Assessed value
$658,011
Assessed 2023
Previous assessed
$658,011
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$250,350
Assessed improvement
$407,661
Land market value
$250,350
Improvement market value
$407,661
Total market value
$658,011
Applied tax rate
101.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1957
Heating
HEAT PUMP
Buildings
3
Stories
1
Total area
46,258 SF
Lot
12.24 ac (533,174 SF)
Zoning code
LGT INDUST REIDSVILLE
APN
7993-07-78-0068-00
UPID
US53-1668761
Jurisdiction
ROCKINGHAM
Zoning & alternative use
LGT INDUST REIDSVILLE · Reidsville, NC
Zoning LGT INDUST REIDSVILLE · permitted uses
LGT INDUST REIDSVILLE · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Heating
HEAT PUMP
Stories
1
Buildings
3
Lot
12.24 ac
Current owner
From public records · entity-resolved
Cody Industries LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1203 FWY DR, REIDSVILLE, NC 27320-7103
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 18, 2025
—
Cody Industries LLC
Miko Enterprises LLC
Deed
—
Mar 18, 2025
$1,295,000
Cody Industries LLC
Miko Enterprises LLC
Special Warranty Deed
—
Mar 16, 2016
$446,500
Miko Enterprises LLC
Elixir Holdings LLC
Warranty Deed
$382,500 · Bank Of North Carolina
Oct 23, 2015
—
Elixir Holdings LLC
Elixir Industries
Quit Claim Deed
—
Jul 13, 2010
$49,500
Elixir Industries
Elixir Industries
Grant 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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