New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,110,000
Hotels
1600 Westbrook Plz Dr Winston Salem, NC 27103-2992
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1548131
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Construction
FRAME
Total area
67,178 SF
Lot
2.95 ac (128,502 SF)
Zoning code
GB-S
APN
6814-26-7297.00
UPID
US53-1548131
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
-
Courtyard Winston-Salem Hanes Mall Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
-
1600 Westbrook Plaza Drive Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.93M
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$5.11M
Owner & transaction history
Mansa Hospitality Winston LLC · 6 yrs held
Mansa Hospitality Winston LLC
since 2019
5 recorded transactions
Zoning & alternative use
GB-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+88.7%
Commercial (general)
$6.8M
+59.7%
Auto repair, garage
$6.0M
+41.4%
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%
$6,420,000
6.5%
$5,930,000
7%
$5,505,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,255,000
Current use
RESTAURANT
$8,030,000
Change: +89% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,795,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,015,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$4,340,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$5.11M
Range $4.60M – $5.62M · ±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
$76 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$87,042
Tax year 2024
Assessed value
$6,496,700
Assessed 2024
Previous assessed
$6,496,700
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,910,200
Assessed improvement
$4,586,500
Land market value
$1,910,200
Improvement market value
$4,586,500
Total market value
$6,496,700
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
122
Total area
67,178 SF
Lot
2.95 ac (128,502 SF)
Zoning code
GB-S
APN
6814-26-7297.00
UPID
US53-1548131
Jurisdiction
FORSYTH
Zoning & alternative use
GB-S · Winston Salem, NC
Zoning GB-S · permitted uses
GB-S · 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
HOTEL/MOTEL Current
Est. value
$4.3M
RESTAURANT
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RETAIL STORES
Est. value
$4.3M
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
122
Lot
2.95 ac
Current owner
From public records · entity-resolved
Mansa Hospitality Winston LLC
Entity
Mailing address
4205 CABARRUS CT E, GREENSBORO, NC 27407-7351
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2019
$6,725,000
Mansa Hospitality Winston LLC
Eight North Carolina LP Apple
Grant Deed
$6,225,000 · Southern First Bk NA
May 22, 2008
$9,017,500
Apple Eight Spe Winston Salem INC
Homecourt Hospitality Winston Salem
Special Warranty Deed
$8,000,000 · Lasalle Bank NA
Nov 10, 2006
$10,000,000
Homecourt Hospitality Winston Salem
Winston Spe II LLC
Special Warranty Deed
$8,000,000 · Countrywide Com Real Estate Fin INC
Nov 11, 2005
—
Winston Spe II LLC
—
Deed Of Trust
related
$215,000,000 · General Electric Capital Corp
Mar 18, 2005
—
Winston Spe II LLC
Winn
Grant Deed
$155,000,000 · General Electric Capital Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1600 Westbrook Plz Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
