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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Distribution centers
662 Angus St, Rural Hall, NC 27045-9553
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1652179
Property summary
AI-generated overview
This exceptional 7,000-square-foot warehouse is available for lease in Rural Hall, North Carolina. Situated on a 1.53-acre lot in Forsyth County, this single-tenant industrial property offers convenient access to major transportation routes. The building features one loading dock and one drive-in door, providing efficient loading and unloading capabilities. Ceiling heights range from 12 to 14 feet, offering ample vertical space for storage or operations. The property is zoned GI, providing flexibility for various industrial uses. Its strategic location offers easy access to Interstate 74/US-52, less than half a mile away, and is only a 15-minute drive from downtown Winston-Salem. This presents a significant advantage for businesses needing quick access to major highways and a thriving urban center. The property's single-tenant occupancy ensures a streamlined operational environment. This warehouse is an excellent opportunity for businesses seeking a well-located, functional space to support their operations in the heart of Forsyth County. The address is 662 Angus Street, Rural Hall, NC 27045.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Construction
STEEL FRAME
Total area
7,522 SF
Lot
1.53 ac (66,647 SF)
Zoning code
GI
APN
6819-79-2686.00
UPID
US53-1652179
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
-
Excel Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$940k
Owner & transaction history
Griffith Plaza Partners LLC · 2 yrs held
Griffith Plaza Partners LLC
since 2023
Last sale
$925,000
3 recorded transactions
Zoning & alternative use
GI · Rural Hall, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+121.7%
Auto repair, garage
$1.1M
+78.2%
Retail stores
$1.0M
+62.0%
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 Rural Hall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rural Hall 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
$1,245,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$635,000
Current use
MEDICAL BUILDING
$1,405,000
Change: +122% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,130,000
Change: +78% · Conversion: Easy
RETAIL STORES
$1,025,000
Change: +62% · Conversion: Moderate
COMMERCIAL (GENERAL)
$785,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$720,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $925k (Oct 16 2023)
Last sale anchor
$925k
Oct 16 2023
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
$125 / 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
$3,163
Tax year 2024
Assessed value
$309,600
Assessed 2024
Previous assessed
$309,600
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$49,100
Assessed improvement
$260,500
Land market value
$49,100
Improvement market value
$260,500
Total market value
$309,600
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
1980
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
7,522 SF
Lot
1.53 ac (66,647 SF)
Zoning code
GI
APN
6819-79-2686.00
UPID
US53-1652179
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Rural Hall, NC
Zoning GI · permitted uses
GI · Rural Hall, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rural Hall. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$785,000
INDUSTRIAL (GENERAL)
Est. value
$720,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
1.53 ac
Current owner
From public records · entity-resolved
Griffith Plaza Partners LLC
Entity
Mailing address
4200 COLD SPGS RD, WINSTON SALEM, NC 27106-4206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
$925,000
Griffith Plaza Partners LLC
Certified Investments LLC
Special Warranty Deed
$693,000 · American National Bank & Trust Co
Aug 13, 2021
$330,000
Certified Investments LLC
Leon F Locklear
Warranty Deed
$280,500 · First Bank
Jun 30, 2008
—
James D Coward
Coward,alison B
Quit Claim Deed
$250,000 · Leon F Locklear
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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