3811 Kimwell DrWinston-Salem, NC 27103

Property Details for 3811 Kimwell Dr

Year built

1972

Lot size

10.22 AC

Property size (Sq ft)

135,325 SF

Zone code

GI

Property type

Industrial properties

APN

6803-88-9655.00

APU

680388965500

Description

This exceptional industrial property, located at 3811 Kimwell Dr in Winston-Salem, North Carolina, presents a significant investment opportunity. The 300,000 square foot building sits on a 10.247-acre lot and is zoned GI – Industrial, offering flexibility for various manufacturing and warehousing operations. Constructed in phases (1972/1987), the property boasts substantial features including 13 loading docks and 5 drive-in doors, ensuring efficient material handling. High ceilings, ranging from 21'10" to 23'2", provide ample vertical space. The property includes approximately 24,000 square feet of office space. Utilities are readily available, including heavy power (15,000 volts), gas, sewer, and water. The building is fully sprinklered for fire protection. Ample parking is provided with 147 spaces. This property is ideally situated in Forsyth County, offering easy access to major transportation routes and a skilled workforce. The asking price for this substantial industrial facility is $9,500,000. This presents a rare opportunity to acquire a well-maintained, large-scale industrial property in a prime location. The property's size, features, and location make it an attractive option for businesses seeking to expand or relocate their operations.

• CAP approach

  CAP return

  Valuation

  6%

  $37,546,400

  6.5%

  $34,658,300

  7%

  $32,182,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,483,500

  Geo Method

  $36,665,500

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $16,974,000

  Mixed-Use / Specialty

  $16,284,200

  Hospitality / Lodging

  $11,127,900

  Office

  $15,532,000

  Institutional / Educational

  $16,704,100

  Residential Income

  $19,543,800

  Multifamily

  $26,928,500

  Automotive / Energy

  $14,317,800

  Parking / Income-Based Land

  $5,562,630

  Restaurant / Food Service

  $7,126,480

  Healthcare / Senior Housing

  $17,344,500

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.047

Longitude

-80.3225

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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