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    Property profile & analytics

    662 Angus St Rural Hall, NC 27045-9553

    • Distribution centers
    • 7,522 SF
    • 1.53 lot acres
    OFF-MARKET
    Last Sale
    Oct 16, 2023
    $925,000
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    3.9%
    Distribution centers
    Location Intelligence
    Property ID
    US53-1652179
    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

    • Excel Plumbing / Plumbing Service / General Contractor

    Property Details for 662 Angus St

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    1.53 lot acres
    Property size
    7,522 SF
    Zone code
    GI
    Property type
    Distribution centers
    APN
    6819-79-2686.00
    APU
    681979268600

    Description

    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.

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $686,000
      Market price range: $309k - $956k

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rural Hall
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2974
    Latitude
    36.215
    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
    $3,163
    $49,100
    $260,500
    $309,600
    -
    $49,100
    $260,500
    $309,600

    Comparable in this City

    • Value Estimation
      $570,000
      7,184 SF

      490 Forum Pkwy

      DISTRIBUTION WAREHOUSE • 7,184 SF
      490 Forum Pkwy, Rural Hall, NC 27045-8927
      View Details
    • Value Estimation
      $33,635,000
      929,306 SF

      521 Northridge Park Dr

      WAREHOUSE, STORAGE • 929,306 SF
      521 Northridge Park Dr, Rural Hall, NC 27045-9575
      View Details
    • Value Estimation by Request
      46,719 SF

      8630 Broad St

      INDUSTRIAL (GENERAL) • 46,719 SF
      8630 Broad St, Rural Hall, NC 27045-9458
      View Details
    • Value Estimation
      $1,380,000
      28,062 SF

      611 Angus St

      INDUSTRIAL (GENERAL) • 28,062 SF
      611 Angus St, Rural Hall, NC 27045-9553
      View Details
    • Value Estimation
      $575,000
      7,452 SF

      601 Clearbrook Dr

      MINI-WAREHOUSE, STORAGE • 7,452 SF
      601 Clearbrook Dr, Rural Hall, NC 27045-9531
      View Details
    • Value Estimation by Request
      7,550 SF

      320 Forum Pkwy

      INDUSTRIAL (GENERAL) • 7,550 SF
      320 Forum Pkwy, Rural Hall, NC 27045-9579
      View Details

    Similar Nearby for Sale

    • $5,000,000
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      Rural Hall Investment Opportunity

      4.26-acre property ideal for storage unit business.
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    • $1,970,000
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      Industrial Property with Cranes

      Industrial/warehouse space with loading docks and office space for sale.
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      9,800 SF

      Conditioned Warehouse Space Available

      9,800 SF conditioned warehouse with office space for lease.
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      Land Parcels in Rural Hall

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    • $35,000
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      Unrestricted Land in Rural Hall

      0.577-acre unrestricted lot with road frontage in Rural Hall, NC.
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    Similar Nearby for Lease

    • Contact for pricing

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      Exceptional Industrial/Flex Space units in Rural Hall, NC for rent.
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      Large Industrial Warehouse Space Available

      Spacious 446,818 SF warehouse with ample trailer parking.
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    • Contact for pricing

      Modern Industrial/Flex Space Available

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      View Details
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    Rural Hall, NC 27045-9553
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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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