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Property profile & analytics
OFF-MARKET
Estimated value
$11,855,000
Residential income homes
137 Columbine Dr Winston Salem, NC 27106-3117
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-5834593
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1981
Construction
CONCRETE
Total area
69,235 SF
Lot
1.69 ac (73,616 SF)
Zoning code
RMU
APN
6817-64-4812.00
UPID
US53-5834593
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
-
Winston Summit Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.33M
CAP Approach
CAP
$10.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.86M
Owner & transaction history
Winston Summit LP · 2 yrs held
Winston Summit LP
since 2023
Last sale
$12.1M
4 recorded transactions
Zoning & alternative use
RMU · 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
$14,600,000
ML approach
$10,325,000
CAP Approach
CAP Return
Estimation
6%
$10,985,000
6.5%
$10,140,000
7%
$9,415,000
Alternative Use
Use
Estimation
RESTAURANT
$10,270,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$11.86M
Range $10.67M – $13.04M · ±10% · vs last sale $12.10M (Dec 6 2023)
Last sale anchor
$12.10M
Dec 6 2023
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
$171 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$3,508,500
Assessed 2023
Previous assessed
$3,508,500
+0.0% YoY
Assessed land
$479,800
Assessed improvement
$3,028,700
Land market value
$479,800
Improvement market value
$3,028,700
Total market value
$3,508,500
Applied tax rate
13,164.0000
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
6
Units
100
Total area
69,235 SF
Lot
1.69 ac (73,616 SF)
Zoning code
RMU
APN
6817-64-4812.00
UPID
US53-5834593
Jurisdiction
FORSYTH
Zoning & alternative use
RMU · Winston Salem, NC
Zoning RMU · permitted uses
RMU · 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
RESTAURANT
Est. value
$10.3M
RESTAURANT
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
1981
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
6
Units
100
Lot
1.69 ac
Current owner
From public records · entity-resolved
Winston Summit LP
Entity
Mailing address
506 2ND AVE, SEATTLE, WA 98104-2343
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
$12,100,000
Winston Summit LP
Winston Affordable Housing LLC
Special Warranty Deed
$1,732,169 · Redwood Housing Capital LLC
Dec 17, 2010
—
Winston Affordable Housing LLC
Rha Of Affordable Hsng II INC
Warranty Deed
—
Dec 3, 2004
—
Rha Of Affordable Housing II INC
Winston Affordable Housing LLC
Warranty Deed
related
—
Jan 6, 2004
$3,450,000
Winston Affordable Housing LLC
Ashton Winston LLC
Warranty 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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