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Property profile & analytics
OFF-MARKET
Industrial properties
103 Patterson Ave Winston Salem, NC 27101
Entity Owned
25-yr Hold
Free & Clear
Property ID
US53-1190372
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
1.56 ac (67,954 SF)
Zoning code
CI
APN
6835-36-6063.00
UPID
US53-1190372
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
-
Southbound Substation Electrical Substation
-
Southbound Ret Electrical Substation
-
Sub Station Electrical Substation
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
Duke Energy Corp · 25 yrs held
Duke Energy Corp
since 2001
1 recorded transaction
Zoning & alternative use
CI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CI District is intended to accommodate biomedical, technological, scientific, and other public and private research uses within Growth management area 1 and is also intended to accommodate a pedestrian oriented mixture of uses such as office, retail, residential, and light manufacturing to support the primary research function of the district
Zone name
Central Industrial
General category
INDUSTRIAL
Zone area
239.70 ac
Source
Realmo
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 Winston Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winston Salem 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 2024Property tax & assessments
Tax year 2024
Assessed value
$314,100
Assessed 2024
Previous assessed
$314,100
+0.0% YoY
Assessed land
$306,000
Assessed improvement
$8,100
Land market value
$306,000
Improvement market value
$8,100
Total market value
$314,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
1.56 ac (67,954 SF)
Zoning code
CI
APN
6835-36-6063.00
UPID
US53-1190372
Jurisdiction
FORSYTH
Zoning & alternative use
CI · Winston Salem, NCZoning CI · permitted uses
CI · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CI District is intended to accommodate biomedical, technological, scientific, and other public and private research uses within Growth management area 1 and is also intended to accommodate a pedestrian oriented mixture of uses such as office, retail, residential, and light manufacturing to support the primary research function of the district
Zone name
Central Industrial
General category
INDUSTRIAL
Zone area
239.70 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.56 ac
Current owner
From public records · entity-resolved
Duke Energy Corp
Entity
Free & Clear · 25 yrs held
Mailing address
225 HILLSBOROUGH ST, RALEIGH, NC 27603-1767
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2001
$542,000
Duke Energy Corp
Norfolk Southern Railway Co
Grant Deed
—
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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