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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Industrial properties
695 Blue Rock Ct Winston Salem, NC 27103-1257
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1483173
Property summary
AI-generated overview
This exceptional 3,750 square foot flex space, situated within the Blue Rock Industrial Park, presents a fantastic leasing opportunity. The property boasts a single building with convenient access to Highway 421 and I-40, ensuring seamless transportation. The unit features a desirable blend of conditioned office space and a heated warehouse, ideal for a variety of businesses. High ceilings, reaching 21'2" at the peak and 15'9" at the eaves, provide ample vertical space. Loading and unloading are facilitated by one dock-high door and one drive-in door. The space includes functional office amenities such as a conference room, two private offices, and a breakroom, enhancing productivity and comfort. Ample parking is available on a half-acre lot, complemented by a fenced laydown yard for added convenience and security. The property is zoned for industrial use. The lease rate is $12.00 per square foot, net, net. This versatile space is ready for immediate occupancy. Don't miss this chance to secure a prime location in a thriving industrial park.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Construction
BRICK
Total area
11,250 SF
Lot
1.73 ac (75,359 SF)
Zoning code
GI,GI-S
APN
6804-16-8994.00
UPID
US53-1483173
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
-
pdblowers, Inc. Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
$915k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Blue Rock Court LLC · 1 yrs held
Blue Rock Court LLC
since 2025
2 recorded transactions
Zoning & alternative use
GI,GI-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+14.2%
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
$470,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$975,000
Current use
COMMERCIAL (GENERAL)
$1,115,000
Change: +14% · Conversion: Difficult
WAREHOUSE, STORAGE
$880,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$63 / 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
$10,893
Tax year 2024
Assessed value
$766,700
Assessed 2024
Previous assessed
$766,700
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$205,000
Assessed improvement
$561,700
Land market value
$205,000
Improvement market value
$561,700
Total market value
$766,700
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
Year built
2007
Construction
BRICK
Heating
NONE
Stories
1
Total area
11,250 SF
Lot
1.73 ac (75,359 SF)
Zoning code
GI,GI-S
APN
6804-16-8994.00
UPID
US53-1483173
Jurisdiction
FORSYTH
Zoning & alternative use
GI,GI-S · Winston Salem, NCZoning GI,GI-S · permitted uses
GI,GI-S · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$880,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2007
Construction
BRICK
Heating
NONE
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Blue Rock Court LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2810 GRIFFITH RD, WINSTON SALEM, NC 27103-6420
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Blue Rock Court LLC
Lowder Recycling And Disposal LLC
Special Warranty Deed
—
—
—
Recycling Lowder
—
Deed Of Trust
related
$459,000 · Bank Of The Carolinas
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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