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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    697 Scales St Reidsville, NC 27320-5023

    • Warehouses
    • 12,120 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0347633
    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

    • American Elevator Co / Elevator Service

    Property Details for 697 Scales St

    Year built
    1938
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.39 lot acres
    Property size
    12,120 SF
    Zone code
    GEN BUS REIDSVILLE
    Property type
    Warehouses
    APN
    8904-06-47-3737-00
    APU
    89040647373700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $305,000
      Market price range: $171k - $780k
      AI Estimate
      $273,000
      Market price range: $221k - $677k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $440,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.6644
    Latitude
    36.3522
    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
    $2,240
    $64,155
    $92,061
    $156,216
    -
    $64,155
    $92,061
    $156,216

    Comparable in this City

    • Value Estimation
      $495,000
      19,250 SF

      1725 Fwy Dr

      MINI-WAREHOUSE, STORAGE • 19,250 SF
      1725 Fwy Dr, Reidsville, NC 27320-7121
      View Details
    • Value Estimation
      $910,000
      75,536 SF

      1001 Market St

      WAREHOUSE, STORAGE • 75,536 SF
      1001 Market St, Reidsville, NC 27320-2423
      View Details
    • Value Estimation
      $2,195,000
      63,396 SF

      1624 Fwy Dr

      WAREHOUSE, STORAGE • 63,396 SF
      1624 Fwy Dr, Reidsville, NC 27320-7107
      View Details
    • Value Estimation
      $215,000
      1,188 SF

      2509 Us 158

      MINI-WAREHOUSE, STORAGE • 1,188 SF
      2509 Us 158, Reidsville, NC 27320
      View Details
    • Value Estimation
      $335,000
      9,600 SF

      205 Watlington Dr

      WAREHOUSE, STORAGE • 9,600 SF
      205 Watlington Dr, Reidsville, NC 27320
      View Details
    • Value Estimation
      $545,000
      25,230 SF

      329 Broad St

      WAREHOUSE, STORAGE • 25,230 SF
      329 Broad St, Reidsville, NC 27320-6505
      View Details

    Similar Nearby for Sale

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      3,670 SF

      Commercial Office/Warehouse on 2.65 Acres

      3700 Sq Ft commercial building with truck docks for sale.
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    • $1,400,000
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      Tamco Road Warehouse Opportunity

      Two warehouse buildings totaling 13,800 SF for sale.
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    • $694,997

      Versatile Property on 9 Acres

      9-acre property suitable for school, church, warehouse, or residential conversion.
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    • $325,000
      14,000 SF

      Reidsville Commercial Warehouse Opportunity

      Commercial warehouse in Reidsville with space for storage and operations.
      103 Harris St, Reidsville, NC 27320
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    • $757,997
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      103 Harrison St

      Manufacturing properties • 3,700 SF
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    • $225,000
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      Reidsville Industrial Land Opportunity

      Prime 4.36-acre commercial lot, high visibility
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    Similar Nearby for Lease

    • $7 SF/Yr
      7,800 SF

      Reidsville Flex Building For Rent

      7,800 SF flex building with warehouse and office space.
      638 Tamco Rd, Reidsville, NC 27320
      View Details
    • Contact for pricing
      16,000 SF

      Former American Tobacco Facility Space

      Upscale office, data center, R&D, and industrial space available.
      301 N Scales St, Reidsville, NC 27320
      View Details
    • $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
    • 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.
      119 Franklin St, Reidsville, NC 27320
      View Details
    • Contact for pricing

      Recently Renovated Reidsville Office Space

      Recently renovated office space with multiple offices and conference room.
      1311 Freeway Dr, Reidsville, NC 27320
      View Details
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    697 Scales St
    Reidsville, NC 27320-5023
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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