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Property profile & analytics
OFF-MARKET Estimated value $1,680,000
Warehouses

916 Patterson Ave Winston Salem, NC 27101-1526

80,046 SF 2.31 ac lot Built 1958
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-5353115
Property summary
AI-generated overview

This exceptional 80,046-square-foot warehouse presents a unique investment opportunity in Winston-Salem, North Carolina. Situated on a 2.31-acre lot at 916 N. Patterson Avenue, this single-tenant property boasts a prime location at the corner of N. Patterson Avenue and Liberty Street, just one block from the MLK Jr. corridor, offering excellent access to US-52/US-421. The building features a single story, with 10 dock-high doors and 6 drive-in doors, providing ample loading and unloading capabilities. On-site parking accommodates 30 vehicles. The property is zoned GB and its Forsyth County APN is 6835-39-4802. Currently fully vacant, this warehouse offers significant potential for a variety of industrial uses. A key advantage is its location directly across the street from an approved and permitted 270-unit multi-family development with a parking deck, promising increased foot traffic and potential synergy. This rare opportunity combines a substantial warehouse space with an exceptional location and promising future development in its immediate vicinity. The property's size, accessibility, and strategic placement make it an ideal choice for businesses seeking a prominent presence in a rapidly growing area of Winston-Salem.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1958
Total area 80,046 SF
Lot 2.31 ac (100,624 SF)
Zoning code GB
APN 6835-39-4802.00
UPID US53-5353115
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
$2.06M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.86M
Blend (final) Blend
$1.68M
Owner & transaction history
Taylors Warehouse LLC · 2 yrs held
Taylors Warehouse LLC
since 2023
Last sale
$1.4M
1 recorded transaction
2023
$1.4M
Zoning & alternative use
GB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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