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Property profile & analytics
OFF-MARKET
Estimated value
$7,335,000
Grocery and convenience stores
150 Grant Hl Ln Winston Salem, NC 27104-5064
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1878195
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2004
Total area
42,309 SF
Lot
9.5 ac (413,820 SF)
Zoning code
PB-S
APN
6805-21-2901.00
UPID
US53-1878195
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
-
Diane F. Gburek, RPh Pharmacy
-
First National Bank ATM Atm
-
Harris Teeter Grocery & Convenience Store Food Market
-
Harris Teeter Money Services Bank Credit Union
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.13M
Comparable Approach
Comparable
$9.38M
Blend (final)
Blend
$7.34M
Owner & transaction history
Suso 4 Harper Hill LP · 6 yrs held
Suso 4 Harper Hill LP
since 2020
2 recorded transactions
Zoning & alternative use
PB-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PB District is primarily intended to accommodate office, retail, service, institutional, and high density residential uses which customarily serve community and convenience business needs of smaller communities and urban nodes in the City and County
Zone name
Pedestrian Business Special Use
General category
CIVIC_INSTITUTIONAL
Zone area
97.89 ac
Source
Realmo
Top alternative use upside
Medical building
$7.0M
+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%
$7,725,000
6.5%
$7,130,000
7%
$6,620,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,570,000
Current use
MEDICAL BUILDING
$7,020,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,470,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$7.34M
Range $6.60M – $8.07M · ±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
$173 / 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
Tax billed
$130,083
Tax year 2023
Assessed value
$12,252,200
Assessed 2024
Previous assessed
$12,252,200
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$4,592,700
Assessed improvement
$7,659,500
Land market value
$4,592,700
Improvement market value
$7,659,500
Total market value
$12,252,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
5
Stories
1
Total area
42,309 SF
Lot
9.5 ac (413,820 SF)
Zoning code
PB-S
APN
6805-21-2901.00
UPID
US53-1878195
Jurisdiction
FORSYTH
Zoning & alternative use
PB-S · Winston Salem, NCZoning PB-S · permitted uses
PB-S · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PB District is primarily intended to accommodate office, retail, service, institutional, and high density residential uses which customarily serve community and convenience business needs of smaller communities and urban nodes in the City and County
Zone name
Pedestrian Business Special Use
General category
CIVIC_INSTITUTIONAL
Zone area
97.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$5.5M
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
2004
Heating
NONE
Stories
1
Buildings
5
Lot
9.5 ac
Current owner
From public records · entity-resolved
Suso 4 Harper Hill LP
Entity
Free & Clear · 6 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2020
$11,778,000
Suso 4 Harper Hill LP
Harper Per Hill N Carolina LLC
Grant Deed
—
Jan 20, 2016
$12,500,000
Harper Hill North Carolina LLC
Ddr-sau Winston-salem Harper H
Grant 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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