829 Scales StReidsville, NC 27320

Property Details for 829 Scales St

Year built

1971

Lot size

0.30 AC

Property size (Sq ft)

2,442 SF

Zone code

GEN BUS REIDSVILLE

Property type

Medical offices

Property subtype

Medical centers

APN

8904-10-46-2743-00

APU

89041046274300

Description

This well-located medical office building in Reidsville, NC, presents a unique investment opportunity. Priced at $225,000, the property is situated across the street from Cone Health Physical Therapy, offering high visibility and convenient access for patients. The building features four exam rooms, providing ample space for patient consultations and examinations. Two comfortable waiting areas ensure patient comfort and efficient flow. Four dedicated labs support a wide range of medical procedures and testing. Three private offices offer space for administrative staff or specialists, while a conference room facilitates meetings and collaborative work. Three half-baths are conveniently located throughout the building. Additional features include a shower in a separate room near the back door, ideal for staff or patient convenience, and a small storage area for supplies and equipment. The property is being sold "as is," allowing for potential renovations and customization to suit the buyer's specific needs. The building offers ample parking, ensuring convenient access for patients and staff. This property is an excellent opportunity for medical professionals seeking a well-equipped and strategically located practice space. The "as is" condition allows for flexibility in renovations and upgrades. The location, across from a well-established physical therapy practice, offers significant potential for synergy and patient referrals.

• CAP approach

  CAP return

  Valuation

  6%

  $303,638

  6.5%

  $280,281

  7%

  $260,261

• Comparable approach

  Method

  Valuation

  Relative Method

  $309,970

  Geo Method

  $560,537

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $625,424

  Retail / Commercial

  $306,303

  Mixed-Use / Specialty

  $293,855

  Hospitality / Lodging

  $200,807

  Institutional / Educational

  $301,432

  Residential Income

  $352,676

  Multifamily

  $485,936

  Automotive / Energy

  $258,371

  Parking / Income-Based Land

  $100,380

  Restaurant / Food Service

  $128,600

  Healthcare / Senior Housing

  $312,988

Location Insight

City

Reidsville

County

Rockingham

State

North Carolina

Latitude

36.3493

Longitude

-79.6646

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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