Property profile

315 Cassell St Winston Salem, NC 27107

OFF-MARKET
Industrial properties
Property ID
US53-0968743
77,495 SF 4.15 ac lot Built 1964
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional ±114,573 square foot industrial property, located at 315 Cassell Street in Winston-Salem, North Carolina, presents a significant opportunity for businesses seeking versatile warehouse and flex space. The single-tenant building, constructed in 1964 and renovated in 1996, sits on a generous 4.15-acre lot and features a two-story design. The property boasts excellent access to major transportation arteries, situated approximately 0.5 miles from Highway 52/285 and 1.5 miles from I-40, providing convenient commutes to both Charlotte (1.25-hour drive) and Raleigh (1.75-hour drive). Loading and unloading are facilitated by nine dock-high doors and one drive-in door. The interior layout includes ample warehousing space, complemented by conditioned office space, a breakroom, and an outdoor seating area. The property is zoned LI (Light Industrial) and is situated in Forsyth County, NC, zip code 27107. This strategically located property offers a blend of functionality and accessibility, making it an ideal choice for a variety of industrial and distribution operations. The property is currently vacant and ready for immediate occupancy.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1964
Construction BRICK
Total area 77,495 SF
Lot 4.15 ac (180,774 SF)
Zoning code LI
APN 6834-50-7759.00
UPID US53-0968743

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Warehouse & Storage

Location

315 Cassell St Winston Salem, NC 27107-4131
Winston Salem metro Census 2001 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.08M
CAP Approach CAP
$6.30M
Comparable Approach Comparable
$4.35M
Blend (final) Blend
$7.10M

Owner & transaction history

since 2022
Last sale
$5.3M
4 recorded transactions
2022
$5.3M
2019
$2.0M
2005
$4.3M
2001
Price N/A

Zoning & alternative use

LI · Winston Salem, NC
Zoning description

The LI District is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial and service activities which, in their normal operations, have little…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $7.6M +13.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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