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    Property profile & analytics

    1509 Scales St Reidsville, NC 27320-5642

    • Turn key restaurants
    • 2,484 SF
    • 1.29 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US53-1483738
    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

    • Dragon Garden Chinese Restaurant / Chinese Restaurant

    Property Details for 1509 Scales St

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.29 lot acres
    Property size
    2,484 SF
    Zone code
    GEN BUS REIDSVILLE
    Property type
    Turn key restaurants
    APN
    8904-14-44-6197-00
    APU
    89041444619700

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $330,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $290,000
      Retail
      $295,000
      Mixed-Use
      $355,000
      Hospitality
      $375,000
      Educational
      $380,000
      Residential Income
      $280,000
      Energy
      $330,000
      Income-Based Land
      $370,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.663
    Latitude
    36.3423
    CBSA code
    24660
    CBSA name
    GREENSBORO-HIGH POINT, 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
    2023
    $4,422
    $143,125
    $165,246
    $308,371
    -
    $143,125
    $165,246
    $308,371

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      112 Hall St

      RESTAURANT • 1,440 SF
      112 Hall St, Reidsville, NC 27320
      View Details
    • Value Estimation by Request
      3,718 SF

      730 Linden Rd

      RESTAURANT • 3,718 SF
      730 Linden Rd, Reidsville, NC 27320
      View Details
    • Value Estimation
      $305,000
      1,436 SF

      1220 Scales St

      RESTAURANT • 1,436 SF
      1220 Scales St, Reidsville, NC 27320-5631
      View Details
    • Value Estimation
      $255,000
      3,245 SF

      1406 Scales St

      RESTAURANT • 3,245 SF
      1406 Scales St, Reidsville, NC 27320-5635
      View Details
    • Value Estimation
      $430,000
      2,438 SF

      1328 Scales St

      RESTAURANT • 2,438 SF
      1328 Scales St, Reidsville, NC 27320-5633
      View Details
    • Value Estimation
      $255,000
      3,927 SF

      9262 Us 158

      RESTAURANT • 3,927 SF
      9262 Us 158, Reidsville, NC 27320-7615
      View Details

    Similar Nearby for Sale

    • $199,900

      Downtown Reidsville Retail Space

      Prime location, versatile space, great potential.
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    • $500,000
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      View Details
    • $374,900

      Downtown Reidsville Retail Gem

      Huge space, prime location, lease option.
      227 Scales St, Reidsville, NC 27320
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    • $230,000

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      Mixed-use property with apartments and retail space in downtown Reidsville.
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    Similar Nearby for Lease

    • $1,350 /Mo
      2,700 SF

      Reidsville Retail/Warehouse Space Available

      2,700 SF retail/warehouse space for lease in Reidsville, NC.
      1641 Freeway Dr, Reidsville, NC 27320
      View Details
    • $614,650

      Prime Commercial Land for Lease

      1.25 acre parcel with high visibility and access.
      1920 Vance St, Reidsville, NC 27320
      View Details
    • $7 SF/Yr
      7,800 SF

      Reidsville Flex Building For Rent

      7,800 SF flex building with warehouse and office space.
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    • Contact for pricing
      32,390 SF

      Prime Reidsville Executive Office Space

      Class A Office Suites, 1,028-2,100 SF
      1417 Freeway Dr, Reidsville, NC 27320
      View Details
    • $600 /Mo

      Reidsville Apartment for Rent

      One-bedroom, one-bath apartment available for rent in Reidsville.
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      View Details
    • Contact for pricing

      Reidsville Office Space For Lease

      Recently renovated office space available in Reidsville, North Carolina.
      1311 Freeway Dr, Reidsville, NC 27320
      View Details
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    Reidsville, NC 27320-5642
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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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