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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Retail space
1423 Fwy Dr, Reidsville, NC 27320-7105
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3955652
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,020 SF
Lot
3.34 ac (145,490 SF)
Zoning code
HWY BUS REIDSVILLE
APN
7993-07-69-5651-00
UPID
US53-3955652
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
-
Hair Under Construction Hair Salon Nail Salon
-
Shear Performance Hair Designers Hair Salon Nail Salon
-
ASHCROFT COMMONS Business Service Center Corporate Office
-
Pools of the Triad General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.51M
Owner & transaction history
Pgp Ashcroft 1 LLC · 3 yrs held
Pgp Ashcroft 1 LLC
since 2022
Last sale
$2.6M
2 recorded transactions
Zoning & alternative use
HWY BUS REIDSVILLE · Reidsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+14.7%
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
$2,400,000
ML approach
$2,275,000
CAP Approach
CAP Return
Estimation
6%
$3,445,000
6.5%
$3,180,000
7%
$2,955,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,580,000
Current use
OFFICE BUILDING
$1,810,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,535,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±10% · vs last sale $2.55M (Aug 31 2022)
Last sale anchor
$2.55M
Aug 31 2022
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
$119 / 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
$22,326
Tax year 2023
Assessed value
$1,556,874
Assessed 2023
Previous assessed
$1,556,874
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$260,625
Assessed improvement
$1,296,249
Land market value
$260,625
Improvement market value
$1,296,249
Total market value
$1,556,874
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
21,020 SF
Lot
3.34 ac (145,490 SF)
Zoning code
HWY BUS REIDSVILLE
APN
7993-07-69-5651-00
UPID
US53-3955652
Jurisdiction
ROCKINGHAM
Zoning & alternative use
HWY BUS REIDSVILLE · Reidsville, NC
Zoning HWY BUS REIDSVILLE · permitted uses
HWY BUS 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
RETAIL STORES Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.34 ac
Current owner
From public records · entity-resolved
Pgp Ashcroft 1 LLC
Entity
Mailing address
141 PROVIDENCE RD STE #200, CHAPEL HILL, NC 27514-6200
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$2,550,000
Pgp Ashcroft 1 LLC
Pgp Reidsville LLC
Warranty Deed
$1,657,000 · Dogwood State Bank
Nov 28, 2017
$1,400,000
Pgp Ashcroft Commons LLC
Ashcroft Commons LLC
Warranty Deed
related
$1,050,000 · Branch Bk&tr
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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