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Property profile & analytics
OFF-MARKET
Estimated value
$10,945,000
Industrial properties
2675 Annapolis St Winston Salem, NC 27103-6732
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4766693
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2019
Total area
117,292 SF
Lot
13.13 ac (571,943 SF)
Zoning code
GI,RS9
APN
6803-83-7902.00
UPID
US53-4766693
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
$10.89M
CAP Approach
CAP
$9.54M
Comparable Approach
Comparable
$12.81M
Blend (final)
Blend
$10.95M
Owner & transaction history
Exeter 2675 Annapolis LP · 5 yrs held
Exeter 2675 Annapolis LP
since 2021
Last sale
$10.8M
3 recorded transactions
Zoning & alternative use
GI,RS9 · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.2M
+59.3%
Auto repair, garage
$15.2M
+49.2%
Commercial (general)
$11.6M
+14.2%
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
$14,275,000
ML approach
$10,885,000
CAP Approach
CAP Return
Estimation
6%
$10,330,000
6.5%
$9,535,000
7%
$8,855,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,165,000
Current use
RETAIL STORES
$16,190,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,165,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,610,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,175,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$10.95M
Range $9.85M – $12.04M · ±10% · vs last sale $10.75M (Jun 7 2021)
Last sale anchor
$10.75M
Jun 7 2021
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
$93 / 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
$113,004
Tax year 2023
Assessed value
$9,180,300
Assessed 2024
Previous assessed
$9,180,300
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$885,300
Assessed improvement
$8,295,000
Land market value
$885,300
Improvement market value
$8,295,000
Total market value
$9,180,300
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
2019
Heating
NONE
Stories
1
Total area
117,292 SF
Lot
13.13 ac (571,943 SF)
Zoning code
GI,RS9
APN
6803-83-7902.00
UPID
US53-4766693
Jurisdiction
FORSYTH
Zoning & alternative use
GI,RS9 · Winston Salem, NCZoning GI,RS9 · permitted uses
GI,RS9 · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.2M
RETAIL STORES
Est. value
$16.2M
AUTO REPAIR, GARAGE
Est. value
$15.2M
COMMERCIAL (GENERAL)
Est. value
$11.6M
WAREHOUSE, STORAGE
Est. value
$9.2M
INDUSTRIAL (GENERAL) Current
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
2019
Heating
NONE
Stories
1
Lot
13.13 ac
Current owner
From public records · entity-resolved
Exeter 2675 Annapolis LP
Entity
Free & Clear · 5 yrs held
Mailing address
100 W MATSONFORD RD STE #250, RADNOR, PA 19087-4558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
Exeter 2675 Annapolis LP
—
Deed
related
$110,593,913 · Everbank NA
Jun 7, 2021
$10,750,000
Exeter 2675 Annapolis LP
Davidson Craven Westpoint LLC
Special Warranty Deed
—
Aug 15, 2019
—
Davidson Craven-westpoint LLC
—
Grant Deed
related
$11,256,000 · Branch Bk&tr
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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