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Property profile & analytics
FOR LEASE
Office Spaces
1605 Westbrook Plaza Dr Winston-Salem, NC 27103
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3845641
For Lease
1 / 4
$20 SF/Yr
1605 Westbrook Plaza Dr, Winston-Salem, NC 27103
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
CONCRETE
Total area
43,630 SF
Lot
2.79 ac (121,532 SF)
Zoning code
GO,RS9
APN
6814-26-7579.00
UPID
US53-3845641
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
-
BAYADA Assistive Care - State Programs Employment Agency Hospice
-
Stephen M. Miller, CPA, PA. Tax Preparation
-
Greenbriar Driving Academy Training Center Vocational School
-
Ramboll Mechanical Engineer Structural Engineer
-
Hoke Whitworth Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.80M
Comparable Approach
Comparable
$6.33M
Blend (final)
Blend
$6.53M
Owner & transaction history
Westbrook 1605 LLC · 11 yrs held
Westbrook 1605 LLC
since 2015
4 recorded transactions
Zoning & alternative use
GO,RS9 · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.9M
+58.6%
Retail stores
$6.0M
+39.5%
Auto repair, garage
$5.6M
+30.7%
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%
$7,365,000
6.5%
$6,795,000
7%
$6,310,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,320,000
Current use
MEDICAL BUILDING
$6,850,000
Change: +59% · Conversion: Easy
RETAIL STORES
$6,025,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,640,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$6.53M
Range $5.88M – $7.18M · ±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
$150 / 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
$57,004
Tax year 2024
Assessed value
$5,347,200
Assessed 2024
Previous assessed
$5,347,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$909,200
Assessed improvement
$4,438,000
Land market value
$909,200
Improvement market value
$4,438,000
Total market value
$5,347,200
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
For Lease
Year built
2000
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Stories
4
Total area
43,630 SF
Lot
2.79 ac (121,532 SF)
Zoning code
GO,RS9
APN
6814-26-7579.00
UPID
US53-3845641
Jurisdiction
FORSYTH
Zoning & alternative use
GO,RS9 · Winston Salem, NC
Zoning GO,RS9 · permitted uses
GO,RS9 · 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
$4.3M
MEDICAL BUILDING
Est. value
$6.9M
RETAIL STORES
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.6M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
2000
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Lot
2.79 ac
Current owner
From public records · entity-resolved
Westbrook 1605 LLC
Entity
Mailing address
1598 WESTBROOK PLZ DR STE #200, WINSTON SALEM, NC 27103-1367
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2025
—
Westhrook 1605 LLC
—
Deed
related
$8,500,000 · Piedmont Fsb
May 28, 2019
—
Westbrook 1605 LLC
—
Deed
related
$395,975 · Wells Fargo Bk
Feb 27, 2015
—
Westbrook 1605 LLC
Hubbard Realty Of Winston Salem INC
Warranty Deed
$630,000 · Wells Fargo Bank NA
—
—
Westbrook 1605 LLC
—
Loan Modification
related
$395,975 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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