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    3511 Lawrence St Clemmons, NC 27012-7298
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    Property profile & analytics

    3511 Lawrence St, Clemmons, NC 27012-7298

    View on Map
    • Specialty properties
    • 10,998 SF
    • 1.37 lot acres
    Off-Market
    Property ID
    US53-1808026
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $770,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clemmons Animal Rehab & Therapy / Veterinary Clinic

    Property Details for 3511 Lawrence St

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.37 lot acres
    Zone code
    LO-S
    Property type
    Specialty properties
    APN
    5892-39-7620.00
    APU
    589239762000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 31, 2020 — Tmp Of Clemmons LLC — Deed · related $500k · First Citizens Bk
    Aug 31, 2017 — Tmp Of Clemmons LLC — Deed · related $513k · First Citizens Bank & Trust Co
    Aug 20, 2009 — Tmp Of Clemmons LLC Mitchell L Spindel Quit Claim Deed · related $350k · Branch Banking And Trust Co
    May 29, 2003 $420,000 Mitchell L Spindel Puckett,tommy D Grant Deed $357k · Branch Banking & Trust Co
    Aug 10, 2001 $188,000 Tommy D Puckett Stimpson,miriam K Grant Deed $156k · Fidelity Bank NA
    — — Tmp Of Clemmons LLC — Deed Of Trust · related $500k · First Citizens Bk
    — — Tmp Of Clemmons LLC — Deed Of Trust · related $500k · First Citizens Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $997,000
      Market price range: $712k - $1.34M

    • Alternative Use

      Use
      Estimation
      VETERINARY, ANIMAL HOSPITAL
      $970,000
      Current use
      AUTO REPAIR, GARAGE
      $1,140,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clemmons
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3739
    Latitude
    36.0217
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,044
    $401,800
    $1,398,600
    $1,800,400
    -
    $401,800
    $1,398,600
    $1,800,400

    Comparable in this City

    • Value Estimation by Request
      4,266 SF

      8415 Nc Hwy 150

      VETERINARY, ANIMAL HOSPITAL
      8415 Nc Hwy 150, Clemmons, NC 27012-6843
      View Details
    • Value Estimation by Request
      3,520 SF

      3651 Clemmons Rd

      COMMERCIAL MISC
      3651 Clemmons Rd, Clemmons, NC 27012-8725
      View Details
    • Value Estimation by Request
      1,530 SF

      6618 Holder Rd

      KENNEL
      6618 Holder Rd, Clemmons, NC 27012
      View Details
    • Value Estimation by Request
      0.62 Acres

      6615 Holder Rd

      COMMERCIAL MISC
      6615 Holder Rd, Clemmons, NC 27012-9287
      View Details
    • Value Estimation by Request
      12,000 SF

      3 Twin Brook Dr

      Schools
      3 Twin Brook Dr, Clemmons, NC 27012
      View Details
    • Value Estimation by Request
      4,448 SF

      6373 Cephis Dr

      VETERINARY, ANIMAL HOSPITAL
      6373 Cephis Dr, Clemmons, NC 27012-9230
      View Details

    Similar Nearby for Sale

    • $5,485,000

      NNN Leased Investment Opportunity

      15-year absolute net lease with high net worth guarantor.
      3 Twin Brook Dr, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Furnished office with private offices, conference room, and reception area.
      3844 Clemmons Rd, Clemmons, NC 27012
      View Details
    • $399,500
      4.49 Acres

      Development Tract in Clemmons, NC

      Development tract suitable for mixed-use project in Clemmons, NC.
      Hampton Rd, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Corner Land Parcel For Sale

      Signalized corner lot available for sale in Clemmons, NC.
      3405 Clemmons Rd, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Stadium Drive Commercial Land Available

      Approximately 1.49 AC of commercial land for sale.
      6041-6049 Stadium Dr, Clemmons, NC 27012
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr

      Retail Building with Drive-Thru Potential

      Retail space available in Clemmons, potential for drive-thru.
      3541 Gentry St, Clemmons, NC 27012
      View Details
    • Contact for pricing

      New Retail Space in Clemmons

      New construction retail space available for lease in Clemmons.
      3487 Gentry Ln, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Retail Space in Clemmons Center

      Food Lion anchored shopping center in growing Clemmons market.
      4380 Kinnamon Village Dr, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Retail Space on Corner Location

      Retail property for lease on a high-traffic corner.
      2415 Lewisville Clemmons Rd, Clemmons, NC 27012
      View Details
    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Second-generation restaurant with drive-thru in high-traffic area.
      2390 Lewisville Clemmons Rd, Clemmons, NC 27012
      View Details
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    Clemmons, NC 27012-7298
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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