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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Super regional malls
Fwy Dr Reidsville, NC 27320
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-2357866
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1997
Total area
46,055 SF
Lot
7.89 ac (343,688 SF)
Zoning code
HWY BUS REIDSVILLE
APN
8905-06-48-6539-00
UPID
US53-2357866
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
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.39M
Owner & transaction history
Reidsville Marketplace Partners LLC · 8 yrs held
Reidsville Marketplace Partners LLC
since 2018
3 recorded transactions
Zoning & alternative use
HWY BUS REIDSVILLE · Reidsville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+52.0%
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
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Current use
WAREHOUSE, STORAGE
$1,490,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±10%
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
$30 / 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
$55,167
Tax year 2023
Assessed value
$3,847,102
Assessed 2023
Previous assessed
$3,847,102
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$784,892
Assessed improvement
$3,062,210
Land market value
$784,892
Improvement market value
$3,062,210
Total market value
$3,847,102
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
46,055 SF
Lot
7.89 ac (343,688 SF)
Zoning code
HWY BUS REIDSVILLE
APN
8905-06-48-6539-00
UPID
US53-2357866
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$980,000
WAREHOUSE, STORAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.89 ac
Current owner
From public records · entity-resolved
Reidsville Marketplace Partners LLC
Entity
Mailing address
PO BOX 5778, HIGH POINT, NC 27262-5778
Ownership since
2018
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
Jun 8, 2018
$3,825,000
Reidsville Marketplace Partners LLC
Khoshbin Tower II LP
Special Warranty Deed
$3,060,000 · Carter Bank & Trust
Oct 9, 2007
$4,466,000
Tower Khoshbin II
Lombard Realty LLC
Grant Deed
—
—
—
Khoshbin Tower II LP
—
Deed Of Trust
related
$2,450,000 · Bank Of The West
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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