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Property profile & analytics
FOR SALE
Medical Office Space
1203 Northup St, Reidsville, NC 27320
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-1012568
For Sale
1 / 50
$299,900
1203 Northup St, Reidsville, NC 27320
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Total area
1,620 SF
Lot
0.52 ac (22,700 SF)
Zoning code
OFFICE&INST REIDSVILLE
APN
8904-10-35-3626-00
UPID
US53-1012568
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
-
ATTORNEY JAMES REAVES; REAVES LAW FIRM Law Firm
-
Tech Authority, LLC Computer & Electronic Repair
-
Heirloom Crafters Tech Support Center IT Consulting Firm
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
South Park Proepites LLC · 9 yrs held
South Park Proepites LLC
since 2017
4 recorded transactions
Zoning & alternative use
OFFICE&INST REIDSVILLE · 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
$2,969
Tax year 2023
Assessed value
$207,069
Assessed 2023
Previous assessed
$207,069
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$62,425
Assessed improvement
$144,644
Land market value
$62,425
Improvement market value
$144,644
Total market value
$207,069
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
Similar Nearby for Lease
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1977
Heating
HEAT PUMP
Stories
1
Total area
1,620 SF
Lot
0.52 ac (22,700 SF)
Zoning code
OFFICE&INST REIDSVILLE
APN
8904-10-35-3626-00
UPID
US53-1012568
Jurisdiction
ROCKINGHAM
Zoning & alternative use
OFFICE&INST REIDSVILLE · Reidsville, NC
Zoning OFFICE&INST REIDSVILLE · permitted uses
OFFICE&INST 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.
Building & site characteristics
From public records
Year built
1977
Heating
HEAT PUMP
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
South Park Proepites LLC
Entity
Mailing address
PO BOX 2461, REIDSVILLE, NC 27323-2461
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2021
—
South Park Properties LLC
—
Deed
related
$160,000 · First Citizens Bank & Trust Co
Jun 15, 2017
—
South Park Properties LLC
—
Deed
related
$30,000 · First Carolina Bank
Mar 24, 2017
$225,000
South Park Proepites LLC
Harold L Jennings
Warranty Deed
$167,750 · First Park Properties LLC
Aug 11, 2008
$1,000
Harold L Jennings
Burnell,keith & Sandra
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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