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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Drug stores
1327 Meadowlark Dr Winston Salem, NC 27106-9817
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1179906
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2007
Construction
BRICK
Total area
14,742 SF
Lot
1.59 ac (69,260 SF)
Zoning code
MU-S
APN
5896-65-3842.00
UPID
US53-1179906
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.95M
Owner & transaction history
Floyd 19 LLC
Floyd 19 LLC
since 2025
6 recorded transactions
Zoning & alternative use
MU-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+26.1%
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%
$2,690,000
6.5%
$2,485,000
7%
$2,305,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,940,000
Current use
MEDICAL BUILDING
$2,445,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,905,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±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
$132 / 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
$58,397
Tax year 2024
Assessed value
$3,208,900
Assessed 2024
Previous assessed
$3,208,900
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$982,400
Assessed improvement
$2,226,500
Land market value
$982,400
Improvement market value
$2,226,500
Total market value
$3,208,900
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
NONE
Stories
1
Total area
14,742 SF
Lot
1.59 ac (69,260 SF)
Zoning code
MU-S
APN
5896-65-3842.00
UPID
US53-1179906
Jurisdiction
FORSYTH
Zoning & alternative use
MU-S · Winston Salem, NC
Zoning MU-S · permitted uses
MU-S · 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
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1.59 ac
Current owner
From public records · entity-resolved
Floyd 19 LLC
Entity
Mailing address
104 WILMOT RDMS1420, DEERFIELD, IL 60015-5121
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2025
$4,300,000
Floyd 19 LLC
Wilar 230 LLC
Special Warranty Deed
$3,440,000 · Ridge View Lpo
Dec 5, 2022
—
Wilar 230 LLC
—
Deed
related
$2,500,000 · Eastman Cu
Dec 19, 2014
—
Village At Robinhood LLC
—
Grant Deed
related
$8,500,000 · Fsg Bank
Dec 20, 2012
$5,968,000
Wilar 230 LLC
Brgz At Robinhood LLC
Grant Deed
$3,000,000 · Morgan Stanley Mtg Cap Holding
Jun 27, 2012
—
Walgreens At Robinhood LLC
North Carolina Holdings LLC
Grant Deed
$3,970,000 · Commercial Bank
Jun 27, 2012
$15,902,460
North Carolina Holdings LLC
Goins Jason M
Trustees Deed
related
—
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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