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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Grocery and convenience stores
2106 Nc Hwy 87 Reidsville, NC 27320
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1548237
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1973
Total area
2,733 SF
Lot
0.52 ac (22,500 SF)
Zoning code
HWY BUS REIDSVILLE
APN
8913-00-17-1976-00
UPID
US53-1548237
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$595k
Owner & transaction history
Papi & Beer LLC · 1 yrs held
Papi & Beer LLC
since 2024
Last sale
$630,000
3 recorded transactions
Zoning & alternative use
HWY BUS REIDSVILLE · Reidsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$425,000
+629.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$425,000
Change: +629% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $630k (Sep 6 2024)
Last sale anchor
$630k
Sep 6 2024
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
$218 / 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
$5,672
Tax year 2023
Assessed value
$395,543
Assessed 2023
Previous assessed
$395,543
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$112,500
Assessed improvement
$283,043
Land market value
$112,500
Improvement market value
$283,043
Total market value
$395,543
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
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
2,733 SF
Lot
0.52 ac (22,500 SF)
Zoning code
HWY BUS REIDSVILLE
APN
8913-00-17-1976-00
UPID
US53-1548237
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
COMMERCIAL (GENERAL)
Est. value
$425,000
COMMERCIAL (GENERAL)
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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Papi & Beer LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2106 BARNES ST, REIDSVILLE, NC 27320-8149
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$630,000
Papi & Beer LLC
Et Trading LLC
Warranty Deed
—
Dec 27, 2012
$475,000
Et Trading LLC
Nicks Holdings LLC
Warranty Deed
$599,000 · Branch Banking And Trust Co
Oct 27, 2005
$500,000
Nicks Holdings LLC
John D Love Oil Co INC
Warranty Deed
related
$400,000 · Branch Banking & Trust Co
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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