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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1510 1st St Winston Salem, NC 27104-4319
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0855863
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Construction
BRICK
Total area
2,016 SF
Lot
0.37 ac (16,117 SF)
Zoning code
PB
APN
6825-54-9817.00
UPID
US53-0855863
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
-
Southern Soups Take-out & Catering Catering Service
-
Twin City Diner Catering Catering Service Take-out & Catering
-
Rice Rocket Foods LLC Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rubina S Khan · 23 yrs held
Rubina S Khan
since 2002
3 recorded transactions
Zoning & alternative use
PB · 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
General category
CIVIC_INSTITUTIONAL
Zone area
242.85 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,858
Tax year 2024
Assessed value
$417,600
Assessed 2024
Previous assessed
$417,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$269,600
Assessed improvement
$148,000
Land market value
$269,600
Improvement market value
$148,000
Total market value
$417,600
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
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
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
2,016 SF
Lot
0.37 ac (16,117 SF)
Zoning code
PB
APN
6825-54-9817.00
UPID
US53-0855863
Jurisdiction
FORSYTH
Zoning & alternative use
PB · Winston Salem, NCZoning PB · permitted uses
PB · 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
General category
CIVIC_INSTITUTIONAL
Zone area
242.85 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Rubina S Khan
Individual
Mailing address
737 BURGUSS RD, HIGH POINT, NC 27265-1209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
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
Nov 26, 2002
$350,000
Rubina S Khan
Williams Properties II LLC
Grant Deed
$320,000 · Lexington State Bank
Nov 30, 1999
—
A T Williams JR.
Williams,arthur
Quit Claim Deed
related
—
—
—
Rubina S Khan
—
Deed Of Trust
related
$300,000 · Branch Banking & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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