Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Warehouses
107 Ab Griffith Plz Dr Winston Salem, NC 27103
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5603449
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
9,440 SF
Lot
0.63 ac (27,443 SF)
Zoning code
GI
APN
6813-16-9290.00
UPID
US53-5603449
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$740k
Owner & transaction history
Gary W Reece · 18 yrs held
Gary W Reece
since 2008
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
GI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+65.3%
Commercial (general)
$935,000
+26.5%
Industrial (general)
$820,000
+10.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$740,000
Current use
AUTO REPAIR, GARAGE
$1,220,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$935,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$820,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $800k (Jan 11 2024)
Last sale anchor
$800k
Jan 11 2024
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
$78 / 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
$5,252
Tax year 2023
Assessed value
$437,800
Assessed 2024
Previous assessed
$437,800
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$93,900
Assessed improvement
$343,900
Land market value
$93,900
Improvement market value
$343,900
Total market value
$437,800
Applied tax rate
13,164.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
9,440 SF
Lot
0.63 ac (27,443 SF)
Zoning code
GI
APN
6813-16-9290.00
UPID
US53-5603449
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Winston Salem, NC
Zoning GI · permitted uses
GI · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winston Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$935,000
INDUSTRIAL (GENERAL)
Est. value
$820,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Gary W Reece
Individual
Free & Clear · 18 yrs held
Mailing address
720 PARK CTR DR STE B, KERNERSVILLE, NC 27284-3779
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2008
—
Gary W Reece
Owner Name Unavailable
Grant Deed
related
—
Feb 1, 2008
$425,000
Gary W Reece
Btd Properties LLC
Warranty Deed
$693,000 · Bank Of Granite
Mar 2, 2007
—
Btd Properties LLC
Duncan,boyce P & Theresa
Warranty Deed
$183,189 · Southern Community Bank
Dec 23, 2003
$250,000
Boyce Duncan
Watson,john T & Lou A
Grant Deed
$212,500 · Southern Community Bank
Jul 31, 2001
—
John T Watson
—
Trustees Deed
related
$1,100,000 · First Citizens Bank & Trust Co
—
—
John T Watson
—
Deed Of Trust
related
$200,000 · First Citizens Bank & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 107 Ab Griffith Plz Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
