Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6340 Ramada Dr Clemmons, NC 27012-8771

    • Industrial properties
    • 7,200 SF
    • 2.12 lot acres
    OFF-MARKET
    Last Sale
    Dec 13, 2024
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1948872
    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

    • Forever Classic Inc / Auto Parts Store

    Property Details for 6340 Ramada Dr

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.12 lot acres
    Property size
    7,200 SF
    Zone code
    LI
    Property type
    Industrial properties
    APN
    5893-36-7295.00
    APU
    589336729500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $587,000
      Market price range: $166k - $729k

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

    Location Insight

    • Map
    • Local Demand
    City
    Clemmons
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3739
    Latitude
    36.0401
    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
    $6,688
    $324,800
    $290,300
    $615,100
    -
    $324,800
    $290,300
    $615,100

    Comparable in this City

    • Value Estimation
      $605,000
      20,736 SF

      5485 Dock Davis Rd

      INDUSTRIAL (GENERAL) • 20,736 SF
      5485 Dock Davis Rd, Clemmons, NC 27012
      View Details
    • Value Estimation
      $255,000
      0.38 Acres

      4561 Hampton Rd

      INDUSTRIAL (GENERAL) • 0.38 Acres
      4561 Hampton Rd, Clemmons, NC 27012-9456
      View Details
    • Value Estimation by Request

      10490 Nc-150

      Distribution properties
      10490 Nc-150, Clemmons, NC 27012
      View Details
    • Value Estimation
      $240,000
      3.00 Acres

      Dillon Industrial Dr

      INDUSTRIAL (GENERAL) • 3.00 Acres
      Dillon Industrial Dr, Clemmons, NC 27012
      View Details
    • Value Estimation
      $845,000
      54,813 SF

      4520 Hampton Rd

      INDUSTRIAL (GENERAL) • 54,813 SF
      4520 Hampton Rd, Clemmons, NC 27012-9456
      View Details
    • Value Estimation
      $690,000
      328,960 SF

      1 Hayward Industrial Dr

      INDUSTRIAL (GENERAL) • 328,960 SF
      1 Hayward Industrial Dr, Clemmons, NC 27012-9737
      View Details

    Similar Nearby for Sale

    • $995,000
      2,385 SF

      Clemmons Car Wash Redevelopment

      Prime 0.57-acre lot, high potential.
      2558 Lewisville Clemmons Rd, Clemmons, NC 27012
      View Details
    • $69,900
      42,253 SF

      Clemmons Land: Prime Development Site

      0.97-acre lot, ideal for commercial use
      8960 Carolina Hwy 150, 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
    • $375,000

      Stadium Drive Commercial Land Available

      Approximately 1.49 AC of commercial land for sale.
      6041-6049 Stadium Dr, Clemmons, NC 27012
      View Details
    • $399,500
      4.49 Acres

      Development Tract in Clemmons, NC

      Transitional tract suitable for mixed-use development in Clemmons, NC.
      Hampton Rd, Clemmons, NC 27012
      View Details
    • $499,900
      1.22 Acres

      Clemmons Commercial Outparcel

      High-growth area, prime location.
      2365 Eagle Ln, Clemmons, NC 27012
      View Details

    Similar Nearby for Lease

    • New
      Contact for pricing

      Versatile Commercial Space in Clemmons

      Opportunity for daycare, office, retail, or specialty business venture.
      3810 Clemmons Rd, Clemmons, NC 27012
      View Details
    • Contact for pricing
      2,385 SF

      Prime Car Wash Redevelopment Site

      High-potential, 0.57-acre lot, $995,000
      2558 Lewisville Clemmons Rd, Clemmons, NC 27012
      View Details
    • $1,445 /Mo

      Second-Floor Unit with Sunroom

      Two-bedroom, two-bathroom unit with sunroom and modern amenities.
      6981 Hanesbrook Cir, Clemmons, NC 27012
      View Details
    • Contact for pricing
      2,400 SF

      Restaurant End Cap Space Available

      Restaurant end cap space in Food Lion anchored shopping center.
      1430 River Ridge 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

      Prime Office Space in Clemmons

      Well-designed office space with high visibility and easy access.
      2235 Lewisville Clemmons Rd, Clemmons, NC 27012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6340 Ramada Dr
    Clemmons, NC 27012-8771
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.