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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Outlet malls
1500 Hanes Mall Blvd Winston Salem, NC 27103-1316
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-2896354
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1995
Total area
26,379 SF
Lot
1.06 ac (46,174 SF)
Zoning code
GB
APN
6804-67-1032.00
UPID
US53-2896354
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
-
Casual Furniture World (Bike/Boat/Book/etc) Store Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.10M
Owner & transaction history
M E Land Properties LLC
M E Land Properties LLC
since 2026
6 recorded transactions
Zoning & alternative use
GB · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,410,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±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
$80 / 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
$24,165
Tax year 2023
Assessed value
$1,786,700
Assessed 2024
Previous assessed
$1,786,700
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$790,500
Assessed improvement
$996,200
Land market value
$790,500
Improvement market value
$996,200
Total market value
$1,786,700
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
26,379 SF
Lot
1.06 ac (46,174 SF)
Zoning code
GB
APN
6804-67-1032.00
UPID
US53-2896354
Jurisdiction
FORSYTH
Zoning & alternative use
GB · Winston Salem, NC
Zoning GB · permitted uses
GB · 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
AUTO REPAIR, GARAGE
Est. value
$3.4M
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
1995
Heating
NONE
Stories
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
M E Land Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
142 ISLEWORTH DR, ADVANCE, NC 27006-7269
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 23, 2026
—
M E Land Properties LLC
Marshall E Rowell
Warranty Deed
—
Nov 8, 2012
—
Rowell,marshall E & Deborah M
Marshall E Rowell
Quit Claim Deed
related
$1,630,000 · Fidelity Bk
Sep 12, 2012
—
Rowell,marshall E & Deborah
Baie Longue Property LLC
Warranty Deed
related
—
Mar 19, 2010
—
Rowell,marshall E & Deborah M
Marshall E Rowell
Quit Claim Deed
related
—
—
—
Rowell,marshall E & Deborah M
—
Deed Of Trust
related
$1,000,000 · Central Carolina Bk
—
—
Rowell,marshall E & Deborah M
—
Deed Of Trust
related
$900,000 · Central Carolina 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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