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Property profile & analytics
OFF-MARKET
Estimated value
$5,800,000
Office Spaces
150 Oak Plz Blvd Winston Salem, NC 27105-1481
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5357165
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
36,971 SF
Lot
3.22 ac (140,263 SF)
Zoning code
GI
APN
6828-68-8380.00
UPID
US53-5357165
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.76M
Comparable Approach
Comparable
$5.56M
Blend (final)
Blend
$5.80M
Owner & transaction history
Hhp Oak Plaza LLC · 18 yrs held
Hhp Oak Plaza LLC
since 2007
3 recorded transactions
Zoning & alternative use
GI · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+75.1%
Auto repair, garage
$4.8M
+36.5%
Retail stores
$3.7M
+6.0%
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%
$6,240,000
6.5%
$5,760,000
7%
$5,350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,505,000
Current use
MEDICAL BUILDING
$6,135,000
Change: +75% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,780,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$3,710,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$5.80M
Range $5.22M – $6.38M · ±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
$157 / 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
$67,604
Tax year 2023
Assessed value
$5,267,400
Assessed 2024
Previous assessed
$5,267,400
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$420,700
Assessed improvement
$4,846,700
Land market value
$420,700
Improvement market value
$4,846,700
Total market value
$5,267,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
36,971 SF
Lot
3.22 ac (140,263 SF)
Zoning code
GI
APN
6828-68-8380.00
UPID
US53-5357165
Jurisdiction
FORSYTH
Zoning & alternative use
GI · Winston Salem, NC
Zoning GI · permitted uses
GI · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2000
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
Hhp Oak Plaza LLC
Entity
Free & Clear · 18 yrs held
Mailing address
120 CENTRAL PARK S APT 11D, NEW YORK, NY 10019-1522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2007
$6,300,000
Hhp Oak Plaza LLC
Grackles Galore INC
Grant Deed
—
Sep 15, 2000
$4,475,000
Grackles Galore INC
H2rm Partners LLC
Grant Deed
$1,300,000 · Southern Community Bank
—
—
Grackles Galore INC
—
Deed Of Trust
related
$735,000 · Irwin Union Bank Fsb
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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