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Property profile & analytics
OFF-MARKET
Estimated value
$23,500,000
Distribution centers
2900 Lowery St Winston Salem, NC 27101-6126
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1925646
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1970
Construction
BRICK
Total area
90,711 SF
Lot
11 ac (479,160 SF)
Zoning code
GI
APN
6845-87-1282.00
UPID
US53-1925646
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
-
Purple Crow Big Box & Wholesale Store Food Market
-
Abasto Media Distribution
-
HMC Signs & Vinyl (Bike/Boat/Book/etc) Store Printing Service
-
Purple Crow, LLC. Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$23.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$23.50M
Owner & transaction history
1350 Avenue S LLC · 1 yrs held
1350 Avenue S LLC
since 2024
Last sale
$23.5M
3 recorded transactions
Zoning & alternative use
GI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.0M
+287.5%
Medical building
$15.1M
+115.7%
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
$23,500,000
ML approach
$23,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$27,040,000
Change: +288% · Conversion: Difficult
MEDICAL BUILDING
$15,055,000
Change: +116% · Conversion: Difficult
Blend value · Realmo final
$23.50M
Range $21.15M – $25.85M · ±10% · vs last sale $23.50M (Oct 10 2024)
Last sale anchor
$23.50M
Oct 10 2024
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
$259 / 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
$96,922
Tax year 2024
Assessed value
$7,435,800
Assessed 2024
Previous assessed
$7,435,800
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$543,300
Assessed improvement
$6,892,500
Land market value
$543,300
Improvement market value
$6,892,500
Total market value
$7,435,800
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1970
Construction
BRICK
Heating
NONE
Buildings
3
Stories
1
Total area
90,711 SF
Lot
11 ac (479,160 SF)
Zoning code
GI
APN
6845-87-1282.00
UPID
US53-1925646
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
RESTAURANT
Est. value
$27.0M
MEDICAL BUILDING
Est. value
$15.1M
RESTAURANT
MEDICAL BUILDING
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
1970
Construction
BRICK
Heating
NONE
Stories
1
Buildings
3
Lot
11 ac
Current owner
From public records · entity-resolved
1350 Avenue S LLC
Entity
Mailing address
575 MARITIME ST, OAKLAND, CA 94607-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 10, 2024
$23,500,000
1350 Avenue S LLC
Purple Crow Investments LLC
Special Warranty Deed
$11,200,000 · Summit Cu
Sep 25, 2007
$2,875,000
Purple Crow Investments LLC
J G Messick & Sons INC
Warranty Deed
$1,565,000 · Bank Of America
—
—
Purple Crow Investments LLC
—
Deed Of Trust
related
$300,000 · Bank Of America
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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