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Property profile & analytics
OFF-MARKET
Estimated value
$3,055,000
Industrial properties
200 Kapp St, Winston Salem, NC 27105-2641
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-1346678
Property summary
AI-generated overview
This exceptional 57,646-square-foot warehouse, located at 200 Kapp Street in Winston-Salem, North Carolina, presents a significant opportunity for businesses seeking ample space and immediate occupancy. Situated on a 3-acre lot, this multi-tenant property is zoned LI (Light Industrial) within Forsyth County, offering flexibility for various industrial uses. The warehouse boasts impressive features including 12- to 18-foot ceiling heights, providing generous vertical storage capacity. Convenient loading and unloading are facilitated by two dock-high doors and one drive-in door. The property is fully vacant, allowing for complete customization to meet specific operational needs. Power is robust, with 3400 Amps available at 120/240V and 480V. This prime location in Winston-Salem, zip code 27105, offers excellent access to major transportation routes, making it an ideal distribution hub or manufacturing facility. The entire 57,646 square feet is available for lease, providing a rare opportunity to secure a substantial industrial space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Construction
CONCRETE
Total area
16,802 SF
Lot
3 ac (130,680 SF)
Zoning code
LI
APN
6837-35-6935.00
UPID
US53-1346678
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
-
North American Attachments Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$3.06M
Owner & transaction history
Mccall Rentals II LLC
Mccall Rentals II LLC
since 2026
Last sale
$3.0M
4 recorded transactions
Zoning & alternative use
LI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+220.3%
Medical building
$2.8M
+78.3%
Auto repair, garage
$2.2M
+38.9%
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
$3,620,000
ML approach
$3,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,010,000
Change: +220% · Conversion: Difficult
MEDICAL BUILDING
$2,790,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,175,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$3.06M
Range $2.75M – $3.36M · ±10% · vs last sale $3.00M (Aug 22 2023)
Last sale anchor
$3.00M
Aug 22 2023
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
$182 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$14,100
Tax year 2024
Assessed value
$1,005,100
Assessed 2024
Previous assessed
$1,005,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$198,200
Assessed improvement
$806,900
Land market value
$198,200
Improvement market value
$806,900
Total market value
$1,005,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
NONE
Buildings
5
Stories
1
Total area
16,802 SF
Lot
3 ac (130,680 SF)
Zoning code
LI
APN
6837-35-6935.00
UPID
US53-1346678
Jurisdiction
FORSYTH
Zoning & alternative use
LI · Winston Salem, NC
Zoning LI · permitted uses
LI · 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
RESTAURANT
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1985
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
5
Lot
3 ac
Current owner
From public records · entity-resolved
Mccall Rentals II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
592 HILTONS LNDG DR, GREENSBORO, NC 27455-8421
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
$4,825,000
Mccall Rentals II LLC
200 Kapp Street LLC
Special Warranty Deed
—
Aug 22, 2023
$3,000,000
200 Kapp Street LLC
Brentech Management Company
Special Warranty Deed
$2,920,000 · First Horizon Bank
Jun 24, 2022
$900,000
Brentech Management Company
Penn Engineering & Manufacturing Co
Special Warranty Deed
$630,000 · Velocity Commerical Capital LLC
Jun 6, 2005
—
Penn Engineering & Mfg Corp
Harvin & Co INC
Grant Deed
$175,000,000 · Credit Suisse
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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