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Guilford County Real Property Data

Income Summary

Data last updated on: 2/2/2025 Ownership current as of: 1/31/2025 Tax Year: 2025

REID 11761

PIN # 7854-83-1289

Location Address

Property Description

1618 SPRING GARDEN ST

LAUNDROMAT/SPRING GARDEN LO:2 PL:79-89

Property Owner

Owner's Mailing Address

REAL ESTATE RASCALS LLC

125 SPRING VALLEY RD
INMAN SC 29349

Parcel

Buildings

Misc Improvements

Land

Income

Deeds

Notes

Sales

Photos

Tax Bill

Map

Income Modeling

Income Model Type	Retail
Income Location	Good
Economic Year Built	1991

Potential Gross Income (PGI)

Description	Measurement	Unit Quantity	Annual Unit Income	Annual PGI
shopcent	UNITS	5,000	$14.00	$70,000.00

Total Units	5,000
Total Sqft	0
Total Potential Gross Income	$70,000.00
Total Potential Gross Income Override	$0.00

Effective Gross Income (EGI)

NET Expenses

Deductions Total	$3,500.00
Deductions Total (% of PGI)	5.000%
Misc Income	$0.00
Misc Income (% of PGI)	0.000%
Total Effective Gross Income	$66,500.00

Total Expenses	$0.00
Total Expenses Override	$24,499.93
NET Income	$42,000.07
Percentage of PGI	60.000%
Percentage of EGI	63.158%

Final Value

Income Method	Overall Rate
Rate Used	0.085000

Total Value	$494,118.47
Excess Land	$0.00
Furniture, Fixtures, & Equipment	$0.00
Additional Buildings	$0.00
Supporting Parcels	$0.00
Final Value	$494,118.00
Final Value Override	$0.00

Per North Carolina General Statute 105-285-287 (d), all real property in North Carolina is subject to listing and valuation annually as it exists on January 1. Real Property assessments are based on market values as of the date of the last countywide reappraisal in 2022.

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