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Property profile & analytics
FOR LEASE
Office Spaces
340 Forum Pkwy Rural Hall, NC 27045
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-2048289
For Lease
1 / 12
Contact for pricing
340 Forum Pkwy, Rural Hall, NC 27045
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1991
Construction
STEEL FRAME
Total area
16,600 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GI
APN
6819-97-0963.00
UPID
US53-2048289
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
-
Northedge formerly Chavez Interiors Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$2.06M
Owner & transaction history
J & G Partners LLC · 9 yrs held
J & G Partners LLC
since 2017
2 recorded transactions
Zoning & alternative use
GI · Rural Hall, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GI District is primarily intended to accommodate a wide range of assembling, fabricating, and manufacturing activities
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
274.36 ac
Source
Realmo
Top alternative use upside
Medical building
$3.1M
+78.5%
Auto repair, garage
$2.5M
+43.5%
Retail stores
$2.3M
+30.4%
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 Rural Hall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rural Hall 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,800,000
6.5%
$2,585,000
7%
$2,400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,735,000
Current use
MEDICAL BUILDING
$3,100,000
Change: +79% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,495,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$2,265,000
Change: +30% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,585,000
Change: -9% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,400,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10%
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
$124 / 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
$8,975
Tax year 2024
Assessed value
$862,300
Assessed 2024
Previous assessed
$862,300
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$107,100
Assessed improvement
$755,200
Land market value
$107,100
Improvement market value
$755,200
Total market value
$862,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
16,600 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GI
APN
6819-97-0963.00
UPID
US53-2048289
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Rural Hall, NCZoning GI · permitted uses
GI · Rural Hall, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GI District is primarily intended to accommodate a wide range of assembling, fabricating, and manufacturing activities
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
274.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
J & G Partners LLC
Entity
Mailing address
PO BOX 309, RURAL HALL, NC 27045-0309
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2017
$875,000
J & G Partners LLC
Cox,ronnie W & Mary M
Warranty Deed
$531,250 · Branch Bk&tr
Mar 10, 2005
—
Ronnie L Cox
Cox,ronnie L
Quit Claim Deed
related
—
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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