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Property profile & analytics
OFF-MARKET
Estimated value
$8,525,000
Warehouses
Brookcove Rd Walnut Cove, NC 27052
Entity Owned
Free & Clear
Property ID
US53-3794658
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
86,232 SF
Lot
459.12 ac (19,999,267 SF)
Zoning code
M-1
APN
695203036149
UPID
US53-3794658
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
by Request
CAP Approach
CAP
$9.35M
Comparable Approach
Comparable
$7.70M
Blend (final)
Blend
$8.53M
Owner & transaction history
R J REYNOLDS TOBACCO COMPANY
R J REYNOLDS TOBACCO COMPANY
Zoning & alternative use
M-1 · Walnut Cove, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.6M
+109.7%
Auto repair, garage
$9.3M
+69.5%
Apartment house (5+ units)
$9.0M
+63.2%
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 Walnut Cove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Cove 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
by Request
CAP Approach
CAP Return
Estimation
6%
$10,125,000
6.5%
$9,345,000
7%
$8,680,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,515,000
Current use
COMMERCIAL (GENERAL)
$11,560,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,345,000
Change: +69% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,000,000
Change: +63% · Conversion: Difficult
RESTAURANT
$7,575,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$7,280,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$8.53M
Range $7.67M – $9.38M · ±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
$99 / 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
$108,272
Tax year 2024
Assessed value
$13,366,900
Assessed 2024
Previous assessed
$13,366,900
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$3,633,500
Assessed improvement
$9,733,400
Land market value
$3,633,500
Improvement market value
$9,733,400
Total market value
$13,366,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
YES
Buildings
70
Bathrooms
5
Total area
86,232 SF
Lot
459.12 ac (19,999,267 SF)
Zoning code
M-1
APN
695203036149
UPID
US53-3794658
Jurisdiction
STOKES
Zoning & alternative use
M-1 · Walnut Cove, NC
Zoning M-1 · permitted uses
M-1 · Walnut Cove, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walnut Cove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$11.6M
AUTO REPAIR, GARAGE
Est. value
$9.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
RESTAURANT
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
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
1995
Heating
YES
Buildings
70
Bathrooms
5
Lot
459.12 ac
Current owner
From public records · entity-resolved
R J REYNOLDS TOBACCO COMPANY
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 2959, WINSTON SALEM, NC 27102-2959
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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