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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Industrial properties
3650 Patterson Ave Winston Salem, NC 27105-3500
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-0053072
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
CONCRETE BLOCKS
Total area
47,500 SF
Lot
3.73 ac (162,479 SF)
Zoning code
LI
APN
6837-22-6157.00
UPID
US53-0053072
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
-
Energy Dynamic Training Gym & Fitness Center
-
Image360 Winston-Salem North Marketing & Advertising Advertising Agency
-
Elite Athletics Connected Training Center Tutoring Service
-
Agape Care & Share Ministries Social Service Agency Charitable Organization
-
Cleaning Authority Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.23M
Owner & transaction history
Wrennovation Development LLC · 16 yrs held
Wrennovation Development LLC
since 2009
7 recorded transactions
Zoning & alternative use
LI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 or no adverse effect upon adjoining properties
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
2,297.37 ac
Source
Realmo
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
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$47 / 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
$14,602
Tax year 2024
Assessed value
$1,175,300
Assessed 2024
Previous assessed
$1,175,300
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$255,900
Assessed improvement
$919,400
Land market value
$255,900
Improvement market value
$919,400
Total market value
$1,175,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Total area
47,500 SF
Lot
3.73 ac (162,479 SF)
Zoning code
LI
APN
6837-22-6157.00
UPID
US53-0053072
Jurisdiction
FORSYTH
Zoning & alternative use
LI · Winston Salem, NCZoning 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
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 or no adverse effect upon adjoining properties
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
2,297.37 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Stories
1
Lot
3.73 ac
Current owner
From public records · entity-resolved
Wrennovation Development LLC
Entity
Mailing address
PO BOX 9537, GREENSBORO, NC 27429-0537
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
—
Wrennovation Development LLC
—
Deed
related
$2,240,000 · Bank Of Oak Ridge
Feb 7, 2019
—
Wrennovation Dev LLC
—
Deed
related
$333,400 · Bank Of Oak Ridge
Sep 15, 2017
—
Wrennovation Dev LLC
—
Grant Deed
related
$1,300,000 · Bank Of Oak Ridge
Sep 1, 2016
—
Wrennovation Dev LLC
—
Deed
related
$2,386,900 · Bank Of Oak Ridge
Dec 30, 2009
$2,200,000
Wrennovation Development LLC
Tower Space LLC
Special Warranty Deed
$1,650,000 · Truliant FCU
Dec 30, 2008
$245,000
Alan G Fletcher Const Co INC
Tower Space LLC
Warranty Deed
$850,000 · Branch Banking & Trust Co
Jan 18, 2007
$832,000
Tower Space LLC
300 Perimeter Point LLC
Special Warranty Deed
$800,000 · Suntrust Bank
May 3, 2005
$2,920,035
300 Perimeter Point LLC
Benson,jeffrey A
Trustees Deed
—
—
—
Wrennovation Dev LLC
—
Deed Of Trust
related
$333,400 · Bank Of Oak Ridge
—
—
Wrennovation Dev LLC
—
Deed Of Trust
related
$2,386,900 · Bank Of Oak Ridge
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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