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Property profile & analytics
OFF-MARKET
Estimated value
$11,430,000
Industrial properties
2599 Empire Dr Winston Salem, NC 27103-6709
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5539755
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
CONCRETE BLOCKS
Total area
89,741 SF
Lot
5.3 ac (230,868 SF)
Zoning code
GI
APN
6803-95-3916.00
UPID
US53-5539755
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
-
Collins Aerosapace Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.27M
CAP Approach
CAP
$7.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.43M
Owner & transaction history
Cole Be Winston Salem Nc LLC · 4 yrs held
Cole Be Winston Salem Nc LLC
since 2022
Last sale
$11.4M
7 recorded transactions
Zoning & alternative use
GI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.1M
+81.2%
Retail stores
$12.4M
+59.3%
Auto repair, garage
$11.6M
+49.2%
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
$11,675,000
ML approach
$11,270,000
CAP Approach
CAP Return
Estimation
6%
$7,905,000
6.5%
$7,295,000
7%
$6,775,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,775,000
Current use
MEDICAL BUILDING
$14,090,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$12,390,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$11,605,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,880,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,020,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$11.43M
Range $10.29M – $12.57M · ±10% · vs last sale $11.39M (Jun 28 2022)
Last sale anchor
$11.39M
Jun 28 2022
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
$127 / 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
$57,368
Tax year 2024
Assessed value
$4,375,200
Assessed 2024
Previous assessed
$4,375,200
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$709,500
Assessed improvement
$3,665,700
Land market value
$709,500
Improvement market value
$3,665,700
Total market value
$4,375,200
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
1987
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
89,741 SF
Lot
5.3 ac (230,868 SF)
Zoning code
GI
APN
6803-95-3916.00
UPID
US53-5539755
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
INDUSTRIAL (GENERAL) Current
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$14.1M
RETAIL STORES
Est. value
$12.4M
AUTO REPAIR, GARAGE
Est. value
$11.6M
COMMERCIAL (GENERAL)
Est. value
$8.9M
WAREHOUSE, STORAGE
Est. value
$7.0M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1987
Construction
CONCRETE BLOCKS
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Cole Be Winston Salem Nc LLC
Entity
Mailing address
159 W 53RD ST APT 32G, NEW YORK, NY 10019-6068
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
—
Cole Be Winston Salem Nc LLC
Spirit Spe Loan Portfolio 2013 13 L
Assignment Of Lease (leasehold Sale)
—
Jun 28, 2022
$11,390,500
East 14th Street Realty LP
Spirit Spe Loan Portfolio 2013 3 Ll
Special Warranty Deed
$413,445 · First Bank
Nov 5, 2008
$5,420,000
Cole Be Winston-salem Nc LLC
Bellevue Acquisitions LLC
Grant Deed
—
Nov 28, 2007
—
Bellevue Acquisitions LLC
G-t Gateway LLC
Grant Deed
related
—
Aug 10, 2007
$39,418,500
Bellevue Acquisitions LLC
G-t Gateway LLC
Grant Deed
—
Apr 15, 2005
—
G T Gateway LLC
John L Turner SR.
Special Warranty Deed
—
Apr 15, 2005
$1,612,500
G-t Gateway LLC
Highwoods Realty
Grant Deed
—
—
—
Cole Be Winston-salem Nc LLC
—
Deed Of Trust
related
$30,000,000 · Us Bank NA
—
—
Spirit Spe Loan Portfol 2013-3
—
Deed Of Trust
related
$102,134,090 · Barclays Bank Plc
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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