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Property profile & analytics
OFF-MARKET
Office buildings
1624 Way St, Reidsville, NC 27320-5749
Individually Owned
5-yr Hold
Free & Clear
Property ID
US53-1992477
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,120 SF
Lot
1.19 ac (51,836 SF)
Zoning code
GEN BUS REIDSVILLE
APN
8904-15-53-8311-00
UPID
US53-1992477
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
-
US Social Security Administration Social Security Office
-
True Light Holiness Church Church
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
Gods United House Of Grace & Mer · 5 yrs held
Gods United House Of Grace & Mer
since 2020
5 recorded transactions
Zoning & alternative use
GEN BUS 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
$5,640
Tax year 2023
Assessed value
$393,306
Assessed 2023
Previous assessed
$393,306
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$104,750
Assessed improvement
$288,556
Land market value
$104,750
Improvement market value
$288,556
Total market value
$393,306
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,120 SF
Lot
1.19 ac (51,836 SF)
Zoning code
GEN BUS REIDSVILLE
APN
8904-15-53-8311-00
UPID
US53-1992477
Jurisdiction
ROCKINGHAM
Zoning & alternative use
GEN BUS REIDSVILLE · Reidsville, NC
Zoning GEN BUS REIDSVILLE · permitted uses
GEN 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.
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Gods United House Of Grace & Mer
Individual
Free & Clear · 5 yrs held
Mailing address
1111 HUBERT CT, WINSTON SALEM, NC 27107-1542
Ownership since
2020
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
Jul 9, 2020
—
Gods United House Of Grace & Mer
Choong H Pyon
Grant Deed
—
Nov 14, 2014
—
Gods United Hse Of Grace & Mercy
Lazenby,william N & Carolyn C
Grant Deed
related
—
Aug 27, 2014
$210,000
William N Lazenby
Pyon,choong H & Ok M
Grant Deed
$100,000 · Choong H Pyon
Jun 22, 2011
$130,000
Choong H Pyon
Ge Coml Fin Busn Prop Corp
Grant Deed
—
Dec 21, 2010
$174,645
Ge Coml Fin Busn Prop Corp
Simpson,david T JR
Trustees Deed
—
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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