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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Medical Office Space
108 Piccadilly Dr Winston Salem, NC 27104-3526
Entity Owned
6-yr Hold
Property ID
US53-5632377
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
WOOD FRAME
Total area
6,635 SF
Lot
1.91 ac (83,200 SF)
Zoning code
LO-S,RS9
APN
6805-60-2721.00
UPID
US53-5632377
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
-
North Carolina Oral Surgery + Orthodontics - Winston Salem Dental Office
-
Dr. Darren Cross Dental Office
-
Lane Dentistry Medical Clinic
-
Lane and Associates Dental Office
-
Dr. Cortney Davis Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Lane Dental Properties LLC · 6 yrs held
Lane Dental Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
LO-S,RS9 · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,305,000
6.5%
$1,205,000
7%
$1,120,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,100,000
Current use
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$167 / 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
$25,280
Tax year 2024
Assessed value
$1,919,400
Assessed 2024
Previous assessed
$1,919,400
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$783,200
Assessed improvement
$1,136,200
Land market value
$783,200
Improvement market value
$1,136,200
Total market value
$1,919,400
Applied tax rate
13,164.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
2
Total area
6,635 SF
Lot
1.91 ac (83,200 SF)
Zoning code
LO-S,RS9
APN
6805-60-2721.00
UPID
US53-5632377
Jurisdiction
FORSYTH
Zoning & alternative use
LO-S,RS9 · Winston Salem, NC
Zoning LO-S,RS9 · permitted uses
LO-S,RS9 · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winston Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING Current
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
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
2
Lot
1.91 ac
Current owner
From public records · entity-resolved
Lane Dental Properties LLC
Entity
Mailing address
PO BOX 2230, ANGIER, NC 27501-2230
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2020
—
Lane Dental Properties LLC
—
Deed
related
$5,000,000 · United Cmnty Bk
Apr 20, 2020
—
Lane Dental Properties LLC
4603 Country Club Rd LLC
Grant Deed
—
Apr 3, 2017
—
4603 Country Club Rd LLC
—
Trustees Deed
related
$2,106,000 · First Bk
Sep 30, 2015
$700,000
4603 Country Club Rd LLC
Capital Bank NA
Special Warranty Deed
$525,000 · First Bank
Jun 1, 2005
—
Southern Community Bank
Roh,hong S & Bong H
Quit Claim Deed
related
—
May 31, 2005
$135,000
Southern Community Bank
Roh,hong S & Bong H
Warranty Deed
related
—
Feb 10, 2005
$135,000
Wishing Well Properties LLC
Roh,hong S & Bong H
Grant Deed
—
—
—
Hong S Roh
—
Deed Of Trust
related
$72,000 · Branch Banking & Trust Co
—
—
Lane Dental Properties LLC
—
Deed Of Trust
related
$5,000,000 · United Cmnty Bk
—
—
Lane Dental Properties
—
Loan Modification
related
$24,500,000 · United Cmnty Bk
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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