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Property profile & analytics
OFF-MARKET
Industrial land
2905 Cole Rd Winston Salem, NC 27107-4511
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-5816482
Property summary
AI-generated overview
This exceptional 2.45-acre parcel, located at 2905 Cole Road in Winston-Salem, Forsyth County, North Carolina (zip code 27107), presents a unique opportunity for development. Zoned LI, the property offers flexibility for various commercial and industrial uses. The asking price is $450,000. A compelling alternative is a build-to-suit option, with a monthly rate of $6,250 NNN. Preliminary plans indicate a potential 13,000 square foot building, incorporating approximately 1.5 acres for outdoor storage or truck parking. For those seeking a long-term commitment, a ground lease on the entire 2.45-acre parcel is available at a monthly rate of $3,450 NNN. This property's strategic location and versatile zoning make it an ideal investment for businesses seeking to establish a presence in Winston-Salem. The property's APN is 6854-41-2146. This is a build-to-suit, purchase, joint venture, or ground lease opportunity. Serious inquiries are encouraged.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1.63 ac (71,003 SF)
Zoning code
LI
APN
6854-41-2139.00
UPID
US53-5816482
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Emerald Street Partners LLC · 2 yrs held
Emerald Street Partners LLC
since 2024
Last sale
$150,000
3 recorded transactions
Zoning & alternative use
LI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$52,100
Assessed 2023
Previous assessed
$52,100
+0.0% YoY
Assessed land
$52,100
Land market value
$52,100
Total market value
$52,100
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1.63 ac (71,003 SF)
Zoning code
LI
APN
6854-41-2139.00
UPID
US53-5816482
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.
Building & site characteristics
From public records
Heating
NONE
Lot
1.63 ac
Current owner
From public records · entity-resolved
Emerald Street Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2810 GRIFFITH RD, WINSTON SALEM, NC 27103-6420
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
Jul 9, 2024
$330,000
Emerald Street Partners LLC
Trosa Commercial INC
Warranty Deed
—
Nov 10, 2022
$150,000
Trosa Commercial INC
Advanta Ira Administration LLC
Warranty Deed
—
Mar 9, 2006
$16,000
Bret A Gitter
Lowder,marvin E & Elizabeth E
Warranty Deed
—
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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