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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Warehouses
345 Witt St Winston Salem, NC 27103-1953
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1994628
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Construction
CONCRETE
Total area
21,738 SF
Lot
3.17 ac (138,085 SF)
Zoning code
HB
APN
6825-04-6032.00
UPID
US53-1994628
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$1.94M
Owner & transaction history
Witt Street Properties Spe LLC · 5 yrs held
Witt Street Properties Spe LLC
since 2021
5 recorded transactions
Zoning & alternative use
HB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+76.5%
Auto repair, garage
$2.8M
+65.3%
Commercial (general)
$2.2M
+26.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,700,000
Current use
RETAIL STORES
$3,000,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,810,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,150,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,885,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±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
$89 / 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
$51,072
Tax year 2024
Assessed value
$3,880,900
Assessed 2024
Previous assessed
$3,880,900
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,078,400
Assessed improvement
$2,802,500
Land market value
$1,078,400
Improvement market value
$2,802,500
Total market value
$3,880,900
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
NONE
Buildings
5
Stories
1
Total area
21,738 SF
Lot
3.17 ac (138,085 SF)
Zoning code
HB
APN
6825-04-6032.00
UPID
US53-1994628
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Winston Salem, NC
Zoning HB · permitted uses
HB · 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
WAREHOUSE, STORAGE Current
Est. value
$1.7M
RETAIL STORES
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1955
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
5
Lot
3.17 ac
Current owner
From public records · entity-resolved
Witt Street Properties Spe LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
—
Witt Street Properties Spe LLC
Witt Street Properties LLC
Intrafamily Transfer
related
$4,125,000 · Key Bank NA
Jan 11, 2021
—
Cloverdale Legacy LLC
—
Deed
related
$28,000 · First Nat'l Bk/peru
Aug 20, 2015
—
Witt Street Properties LLC
Covington-wilson INC
Grant Deed
$2,200,000 · High Point Bk&tr
—
—
Witt Street Properties LLC
—
Deed Of Trust
related
$300,000 · High Point Bk&tr
—
—
Cloverdale Legacy LLC
—
Deed Of Trust
related
$28,000 · First Nat'l Bk/peru
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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