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Property profile & analytics
OFF-MARKET
Estimated value
$8,690,000
Distribution centers
4040 Business Park Cir Winston Salem, NC 27107-6515
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0293352
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
BRICK
Total area
105,828 SF
Lot
17.58 ac (765,785 SF)
Zoning code
LI,LI-S
APN
6863-07-4124.00
UPID
US53-0293352
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.45M
Comparable Approach
Comparable
$9.79M
Blend (final)
Blend
$8.69M
Owner & transaction history
Mreic Winston-salem Nc LLC · 13 yrs held
Mreic Winston-salem Nc LLC
since 2013
2 recorded transactions
Zoning & alternative use
LI,LI-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$13.9M
+66.0%
Auto repair, garage
$13.7M
+63.1%
Commercial (general)
$10.4M
+24.0%
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%
$11,320,000
6.5%
$10,450,000
7%
$9,700,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,390,000
Current use
RETAIL STORES
$13,930,000
Change: +66% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,685,000
Change: +63% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,405,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,170,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$8.69M
Range $7.82M – $9.56M · ±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
$82 / 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
$78,276
Tax year 2024
Assessed value
$5,580,000
Assessed 2024
Previous assessed
$5,580,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,192,400
Assessed improvement
$4,387,600
Land market value
$1,192,400
Improvement market value
$4,387,600
Total market value
$5,580,000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Construction
BRICK
Heating
NONE
Stories
1
Total area
105,828 SF
Lot
17.58 ac (765,785 SF)
Zoning code
LI,LI-S
APN
6863-07-4124.00
UPID
US53-0293352
Jurisdiction
FORSYTH
Zoning & alternative use
LI,LI-S · Winston Salem, NC
Zoning LI,LI-S · permitted uses
LI,LI-S · 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
$8.4M
RETAIL STORES
Est. value
$13.9M
AUTO REPAIR, GARAGE
Est. value
$13.7M
COMMERCIAL (GENERAL)
Est. value
$10.4M
INDUSTRIAL (GENERAL)
Est. value
$9.2M
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
2001
Construction
BRICK
Heating
NONE
Stories
1
Lot
17.58 ac
Current owner
From public records · entity-resolved
Mreic Winston-salem Nc LLC
Entity
Free & Clear · 13 yrs held
Mailing address
255 WASHINGTON ST STE #270, NEWTON, MA 02458-1634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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, 2026
—
Mountain Ws Nc LLC
—
Deed
related
—
Jun 25, 2013
—
Mreic Winston-salem Nc LLC
Monmouth Real Estate Inv Corp
Quit Claim Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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