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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3735 Kimwell Dr Winston Salem, NC 27103-6705

    • Manufacturing properties
    • 32,250 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 14, 2022
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1502532
    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.

    Current Use by Public Records

    • Precision Concepts Group / Industrial Manufacturer / Production Facility
    • Biomerics / Industrial Manufacturer / Production Facility

    Property Details for 3735 Kimwell Dr

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    2.00 lot acres
    Property size
    32,250 SF
    Zone code
    GI
    Property type
    Manufacturing properties
    APN
    6803-97-9771.00
    APU
    680397977100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,840,000
      6.5%
      $2,620,000
      7%
      $2,435,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,795,000
      Current use
      COMMERCIAL (GENERAL)
      $3,190,000
      Change: +14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,525,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3194
    Latitude
    36.0446
    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
    2023
    $26,637
    $271,700
    $2,938,100
    $3,209,800
    -
    $271,700
    $2,938,100
    $3,209,800

    Comparable in this City

    • Value Estimation
      $800,000
      11,017 SF

      3917 Westpoint Blvd

      MANUFACTURING (LIGHT) • 11,017 SF
      3917 Westpoint Blvd, Winston Salem, NC 27103-6723
      View Details
    • Value Estimation by Request
      100 SF

      2799 Griffith Rd

      MANUFACTURING (LIGHT) • 100 SF
      2799 Griffith Rd, Winston Salem, NC 27103-6417
      View Details
    • Value Estimation by Request
      2,400 SF

      2900 Griffith Rd

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      2900 Griffith Rd, Winston Salem, NC 27103-6803
      View Details
    • Value Estimation
      $2,235,000
      38,520 SF

      3916 Westpoint Blvd

      INDUSTRIAL (GENERAL) • 38,520 SF
      3916 Westpoint Blvd, Winston Salem, NC 27103-6719
      View Details
    • Value Estimation
      $5,040,000
      135,325 SF

      3811 Kimwell Dr

      INDUSTRIAL (GENERAL) • 135,325 SF
      3811 Kimwell Dr, Winston Salem, NC 27103-6707
      View Details
    • Value Estimation
      $4,600,000
      30,391 SF

      3760 Kimwell Dr

      INDUSTRIAL (GENERAL) • 30,391 SF
      3760 Kimwell Dr, Winston Salem, NC 27103-6706
      View Details

    Similar Nearby for Sale

    • $9,500,000
      300,000 SF

      Winston-Salem Industrial Property

      300,000 SF Warehouse, 10 Acres
      3811 Kimwell Dr, Winston-Salem, NC 27103
      View Details
    • $525,000
      2.00 Acres

      Clemmons Commercial Land - 2 Acres

      Prime 2-acre commercial/industrial lot in Clemmons, NC.
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    • $749,000
      5.49 Acres

      Winston-Salem Industrial Land For Sale

      5.49-acre industrial lot, prime location.
      6010 Gun Clb Rd, Winston-Salem, NC 27103
      View Details
    • $144,000
      0.66 Acres

      Westgate Center Office Land

      Prime Winston-Salem Office Land, 0.66 Acres
      3650 Westgate Ctr Cir, Winston-Salem, NC 27103
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    • $690,000
      6,400 SF

      Queen Street Church - Winston-Salem

      Historic Church, 6,400 SF, $690K
      2252 Queen St, Winston-Salem, NC 27103
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    • Contact for pricing
      0.44 Acres

      Residential Lot in Ashford Subdivision

      Unique sloping lot ideal for custom basement home construction.
      2112 Hollinswood Ct, Winston Salem, NC 27103
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    Similar Nearby for Lease

    • $7 SF/Yr
      57,600 SF

      Winston Salem Warehouse and Office

      57,600 SF warehouse with office space for lease.
      199 Budd Blvd, Winston Salem, NC 27103
      View Details
    • $12 SF/Yr
      3,750 SF

      Blue Rock Flex Space Available

      3,750 SF Flex Warehouse For Lease
      695 Blue Rock Ct, Winston-Salem, NC 27103
      View Details
    • $7 SF/Yr
      52,790 SF

      Winston Salem Warehouse For Rent

      52,790 SF warehouse with convenient highway access.
      191 Budd Blvd, Winston Salem, NC 27103
      View Details
    • $12 SF/Yr
      17,600 SF

      Westpoint Flex Space - New Construction

      Modern Flex Space, Ready for Occupancy
      3947 Pt Blvd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      11,477 SF

      Winston-Salem Retail Center

      High-Visibility Retail Opportunity in Winston-Salem
      1606 Stratford Rd, Winston-Salem, NC 27103
      View Details
    • $24 SF/Yr
      132,190 SF

      Cloverdale Plaza Retail Space

      Winston-Salem retail center, high traffic.
      0 Cloverdale Ave & Miller St, Winston-Salem, NC 27103
      View Details
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    Winston Salem, NC 27103-6705
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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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