Realmo Analytics

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Financial
Distress signals
Property profile

1623 Way St Reidsville, NC 27320

FOR SALE
Retail space
Property ID
US53-2050696
87,152 SF 8.1 ac lot Built 1979
Last sale Dec 2021 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$22k
Tax billed · 2023
Assessed value$989k
Assessed land$410k
Assessed improvement$580k
Effective rate2.20%

Value estimate

· Oct 2026
$1.60M
$1.44M – $1.75M
AI approach$1.70M
NOI build-up
Gross scheduled income$821k
Vacancy & credit loss−$41k
Operating expenses−$234k
NOI · 8.09% cap applied$546k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$31 – $129

Cap rate analysis

How does the asset earn?
8.09%
$546k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GEN BUS REIDSVILLE
JurisdictionROCKINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.7
Building Supply14.7
Wholesale Shop11.6

Location

1623 Way St Reidsville, NC 27320
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Fwy, Reidsville, NC 27320 $725,000 Jun 2025 135,451 SF
8293 Nc Hwy 87, Reidsville, NC 27320 $1,000,000 Apr 2025 8,000 SF
812 Scales, Reidsville, NC 27320 $200,000 Dec 2024 10,080 SF
1550 Fwy, Reidsville, NC 27320-7149 $2,800,000 Nov 2024 16,560 SF
1105 Scales, Reidsville, NC 27320-5628 $1,275,000 Sep 2024 8,400 SF
1547 Fwy, Reidsville, NC 27320-7106 $728,000 Feb 2024 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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