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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Medical Office Space
195 Kimel Park Dr Winston Salem, NC 27103-6958
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1024783
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
36,576 SF
Lot
3.9 ac (169,884 SF)
Zoning code
CPO,CPO-S,RS9
APN
6814-42-9284.00
UPID
US53-1024783
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
-
Digestive Health Specialists, P.A. Medical Clinic
-
Charles P. Katopes, MD Physician
-
Piedmont Retina Specialists, P.A. Ophthalmologist
-
David B. Ramsay, MD, AGAF Physician
-
Michael Noujaim, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.48M
Blend (final)
Blend
$1.97M
Owner & transaction history
Front Street Kimel Park LLC · 4 yrs held
Front Street Kimel Park LLC
since 2022
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
CPO,CPO-S,RS9 · 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
$1,745,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.97M
Range $1.79M – $1.83M · vs last sale $1.70M (Mar 18 2022)
Last sale anchor
$1.70M
Mar 18 2022
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
$54 / 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
$106,627
Tax year 2024
Assessed value
$8,647,200
Assessed 2024
Previous assessed
$3,844,400
+124.9% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,619,800
Assessed improvement
$7,027,400
Land market value
$1,619,800
Improvement market value
$7,027,400
Total market value
$8,647,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Rooms
4
Bathrooms
2
Total area
36,576 SF
Lot
3.9 ac (169,884 SF)
Zoning code
CPO,CPO-S,RS9
APN
6814-42-9284.00
UPID
US53-1024783
Jurisdiction
FORSYTH
Zoning & alternative use
CPO,CPO-S,RS9 · Winston Salem, NC
Zoning CPO,CPO-S,RS9 · permitted uses
CPO,CPO-S,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.
Building & site characteristics
From public records
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Rooms
4
Bathrooms
2
Lot
3.9 ac
Current owner
From public records · entity-resolved
Front Street Kimel Park LLC
Entity
Mailing address
PO BOX 21509, WINSTON SALEM, NC 27120-1509
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
$1,700,000
Front Street Kimel Park LLC
Kimel Park Development LLC
Special Warranty Deed
related
$10,000,000 · First Citizens Bank & Trust Co
Dec 28, 2012
$1,350,000
Kimel Park Dev LLC
Kimel Lucille S Trust
Grant Deed
—
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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