Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1190 Old Beltway Rural Hall, NC 27045-9537
    Property profile & analytics

    1190 Old Beltway, Rural Hall, NC 27045-9537

    View on Map
    • Office Spaces
    • 45,541 SF
    • 6.76 lot acres
    Off-Market
    Last Sale Dec 4, 2024
    $4,000,000
    Property ID
    US53-0876364
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,220,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Twins Hay & Feed / Pet Store & Service
    • Carolina Print & Packaging / Industrial Manufacturer / Factory
    • Mari-Lu Enterprises / Industrial Manufacturer / Production Facility

    Property Details for 1190 Old Beltway

    Year built
    1977
    Construction
    BRICK
    Lot size
    6.76 lot acres
    Zone code
    GI
    Property type
    Office Spaces
    APN
    6819-77-9687.00
    APU
    681977968700

    Description

    This exceptional 77,000-square-foot flex/industrial building presents a unique investment opportunity in Rural Hall, North Carolina. Located at 1190 Old Belt Way, this single-building property sits on approximately 6.76 acres and offers convenient access to US Highway 52 and the future Winston-Salem Northern Beltway/NC-74. Built in 1977 and renovated in 2012, the property boasts a desirable GI zoning designation. The building features approximately 2,350 square feet of office space and approximately 74,650 square feet of warehouse space, with 14-18 foot ceilings. Six loading docks and one drive-in door provide ample loading capabilities. Extensive onsite parking and outdoor storage areas are also available. The asking price is $4,960,000, translating to $64.42 per square foot. The property is currently vacant and available for sale or lease under a NNN lease structure. The property's APN is 6819-77-9687. This property is ideal for a variety of industrial and flex uses, offering a strategic location and substantial space for a growing business. The combination of its size, location, and features makes this a compelling opportunity for investors and businesses alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,742,000
      Market price range: $2.63M - $7.27M
      AI Estimate
      $5,129,000
      Market price range: $2.36M - $11.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,765,000
      Current use
      AUTO REPAIR, GARAGE
      $6,840,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $6,215,000
      Change: +30% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $4,345,000
      Change: -9% Conversion: Moderate
      WAREHOUSE, STORAGE
      $3,835,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rural Hall
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2948
    Latitude
    36.2095
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,032
    $335,600
    $1,795,800
    $2,131,400
    -
    $335,600
    $1,795,800
    $2,131,400

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      8150 Depot St

      OFFICE (GENERAL)
      8150 Depot St, Rural Hall, NC 27045-9876
      View Details
    • Value Estimation by Request
      1,500 SF

      155 Bay St

      OFFICE (GENERAL)
      155 Bay St, Rural Hall, NC 27045-9782
      View Details
    • Value Estimation
      $2,000,000
      27,300 SF

      8640 Broad St

      OFFICE (GENERAL)
      8640 Broad St, Rural Hall, NC 27045-9458
      View Details
    • Value Estimation by Request
      720 SF

      7906 Broad St

      OFFICE (GENERAL)
      7906 Broad St, Rural Hall, NC 27045-9335
      View Details
    • Value Estimation by Request
      3,050 SF

      455 Forum Pkwy

      OFFICE (GENERAL)
      455 Forum Pkwy, Rural Hall, NC 27045-8927
      View Details
    • Value Estimation
      $4,530,000
      52,440 SF

      601 Forum Pkwy

      OFFICE (GENERAL)
      601 Forum Pkwy, Rural Hall, NC 27045-8934
      View Details

    Similar Nearby for Sale

    • $1,970,000
      Pending

      Industrial/Warehouse Space with Cranes

      36,537 SF industrial/warehouse with office space and loading docks.
      8620 Broad St, Rural Hall, NC 27045
      View Details
    • $35,000
      1.02 Acres

      Wooded Lot in Jefferson Oaks

      One-acre wooded lot for building a new home.
      2040 Jefferson Oaks Dr, Rural Hall, NC 27045
      View Details
    • $35,000
      0.58 Acres

      Unrestricted Lot in Rural Hall

      0.577-acre lot near North Beltway/Interstate-74, Rural Hall, NC.
      Grade St, Rural Hall, NC 27045
      View Details
    • Contact for pricing

      Land Parcels in Growing Market

      Two outparcels available in Rural Hall, North Carolina.
      665 Montroyal Rd, Rural Hall, NC 27045
      View Details
    • $90,000
      15.40 Acres

      15.4 Acres Wooded Land Parcel

      Residential development opportunity near Winston-Salem and Rural Hall, North Carolina.
      Phelps Cir, Rural Hall, NC 27045
      View Details
    • New
      Contact for pricing
      0.26 Acres

      Corner Lot in Winston-Salem

      Level, cleared lot near University Parkway and I-74.
      165 Old Hollow Rd, Winston-Salem, NC 27045
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      446,818 SF

      Large Industrial Warehouse Space Available

      Spacious 446,818 SF warehouse with ample trailer parking.
      710 Almondridge Dr, Rural Hall, NC 27045
      View Details
    • Contact for pricing

      Modern Industrial/Flex Space Available

      Exceptional Industrial/Flex Space units in Rural Hall, NC for rent.
      340 Forum Pkwy, Rural Hall, NC 27045
      View Details
    • Contact for pricing

      Modern Industrial/Flex Space Available

      Customizable industrial/flex space with ample parking and high ceilings.
      320 Forum Pkwy, Rural Hall, NC 27045
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1190 Old Beltway
    Rural Hall, NC 27045-9537
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1190 Old Beltway, Rural Hall, NC, 27045
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!