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Property profile & analytics
OFF-MARKET
Estimated value
$8,950,000
Industrial properties
2400 Lowery St Winston Salem, NC 27101-4725
Individually Owned
Free & Clear
Property ID
US53-0991453
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
STEEL FRAME
Total area
141,089 SF
Lot
16.31 ac (710,464 SF)
Zoning code
GI
APN
6845-35-6790.00
UPID
US53-0991453
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
-
Penn Engineering Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.95M
Owner & transaction history
ENGINEERING PENN
ENGINEERING PENN
Zoning & alternative use
GI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GI District is primarily intended to accommodate a wide range of assembling, fabricating, and manufacturing activities
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
3,496.41 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,425,000
6.5%
$11,470,000
7%
$10,650,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,225,000
Current use
WAREHOUSE, STORAGE
$10,855,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$8.95M
Range $8.06M – $9.85M · ±10%
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
$63 / 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
$114,275
Tax year 2023
Assessed value
$8,535,600
Assessed 2024
Previous assessed
$8,535,600
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$929,600
Assessed improvement
$7,606,000
Land market value
$929,600
Improvement market value
$7,606,000
Total market value
$8,535,600
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
1996
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
141,089 SF
Lot
16.31 ac (710,464 SF)
Zoning code
GI
APN
6845-35-6790.00
UPID
US53-0991453
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Winston Salem, NCZoning 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
Zoning description
The GI District is primarily intended to accommodate a wide range of assembling, fabricating, and manufacturing activities
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
3,496.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.2M
WAREHOUSE, STORAGE
Est. value
$10.9M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1996
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
16.31 ac
Current owner
From public records · entity-resolved
ENGINEERING PENN
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1000, DANBORO, PA 18916-1000
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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