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Property profile & analytics
OFF-MARKET
Office buildings
2502 Scales St, Reidsville, NC 27320-6606
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-1411835
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Construction
FRAME
Total area
384 SF
Lot
0.27 ac (11,600 SF)
Zoning code
LGT INDUST REIDSVILLE
APN
8903-09-16-6110-00
UPID
US53-1411835
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
-
Jones Heating & Air Conditioning HVAC Service General Contractor
-
Trendsettrz Tinting and Accessories LLC Interior Design Auto Repair Shop
-
Classic Window Tinting NC, Inc. Interior Design Auto Repair Shop
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
Jeffrey Gill · 3 yrs held
Jeffrey Gill
since 2022
Last sale
$135,000
4 recorded transactions
Zoning & alternative use
LGT INDUST 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
$435
Tax year 2023
Assessed value
$30,336
Assessed 2023
Previous assessed
$30,336
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$10,440
Assessed improvement
$19,896
Land market value
$10,440
Improvement market value
$19,896
Total market value
$30,336
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1912
Construction
FRAME
Heating
NONE
Stories
1
Total area
384 SF
Lot
0.27 ac (11,600 SF)
Zoning code
LGT INDUST REIDSVILLE
APN
8903-09-16-6110-00
UPID
US53-1411835
Jurisdiction
ROCKINGHAM
Zoning & alternative use
LGT INDUST REIDSVILLE · Reidsville, NC
Zoning LGT INDUST REIDSVILLE · permitted uses
LGT INDUST 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
1912
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Jeffrey Gill
Individual
Free & Clear · 3 yrs held
Mailing address
2505 S SCALES ST, REIDSVILLE, NC 27320-6605
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$135,000
Jeffrey Gill
Justin Ryan Ward
Warranty Deed
—
Oct 15, 2019
$94,000
Justin R Ward
Nickerson Property Investments LLC
Warranty Deed
$79,900 · First Citizens Bank & Trust Co
Feb 11, 2016
$13,500
Nickerson Property Invs LLC
Ellis,thomas W & Janice O
Warranty Deed
$9,335 · Thomas W & Janice O Ellis
May 29, 2012
$12,000
Thomas W Ellis
King,paul H JR & Elaine E
Warranty Deed
$12,000 · Paul H JR & Elaine E King
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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