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Property profile & analytics
OFF-MARKET
Estimated value
$11,850,000
Industrial properties
501 3rd St Winston Salem, NC 27101
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0138837
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
1.15 ac (50,094 SF)
Zoning code
LI
APN
6835-47-5118.00
UPID
US53-0138837
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.85M
Owner & transaction history
Wake Forest University Health Scien · 1 yrs held
Wake Forest University Health Scien
since 2025
Last sale
$11.9M
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,936
Tax year 2024
Assessed value
$637,000
Assessed 2024
Previous assessed
$637,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$613,500
Assessed improvement
$23,500
Land market value
$613,500
Improvement market value
$23,500
Total market value
$637,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
1.15 ac (50,094 SF)
Zoning code
LI
APN
6835-47-5118.00
UPID
US53-0138837
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
Heating
NONE
Lot
1.15 ac
Current owner
From public records · entity-resolved
Wake Forest University Health Scien
Individual
Free & Clear · 1 yrs held
Mailing address
18851 NE 29TH AVE STE #303, MIAMI, FL 33180-2813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jul 23, 2025
$11,850,000
Wake Forest University Health Scien
Mikeone Ek Linden LLC
Special Warranty Deed
—
Feb 12, 2015
$16,600,000
Mikeone Ek Linden LLC
Nfr Ecp I-3365 Winston Salem L
Grant Deed
$11,250,000 · Pillar Multifamily
Mar 25, 2013
$15,326,000
Ecp I-3365 Winston Salem Nfr
First States Invtrs 3300 B LP
Grant Deed
—
Mar 25, 2013
—
Ecp I-3365 Winston Salem Nfr
—
Deed Of Trust
related
$183,500,000 · Pb Capital Corp
Apr 16, 2008
—
First States Investors 3300 B LP
First States Investors 3300 LLC
Special Warranty Deed
$240,000,000 · Pb Capital Corp
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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