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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Turn key restaurants
1990 Griffith Rd, Winston Salem, NC 27103-6440
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5525058
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
BRICK
Total area
5,574 SF
Lot
1.37 ac (59,677 SF)
Zoning code
GB
APN
6814-24-9612.00
UPID
US53-5525058
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
-
Applebee's Grill + Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$3.68M
Owner & transaction history
Spefusippus Investments INC · 4 yrs held
Spefusippus Investments INC
since 2022
Last sale
$3.6M
5 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
$3,690,000
ML approach
$3,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10% · vs last sale $3.60M (Apr 18 2022)
Last sale anchor
$3.60M
Apr 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
$659 / 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
$41,780
Tax year 2024
Assessed value
$2,978,300
Assessed 2024
Previous assessed
$2,978,300
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,856,900
Assessed improvement
$1,121,400
Land market value
$1,856,900
Improvement market value
$1,121,400
Total market value
$2,978,300
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Total area
5,574 SF
Lot
1.37 ac (59,677 SF)
Zoning code
GB
APN
6814-24-9612.00
UPID
US53-5525058
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.
Building & site characteristics
From public records
Year built
1995
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Spefusippus Investments INC
Entity
Free & Clear · 4 yrs held
Mailing address
3310 MARY ST STE #501, MIAMI, FL 33133-5344
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
—
Spefusippus Investments INC
Bingo 27 Winston Salem Applebeee S
Assignment Of Lease (leasehold Sale)
—
Apr 14, 2022
$3,600,000
Speusippus Investments INC
Bingo 27 Winston Salem Applebees Ll
Special Warranty Deed
—
Oct 2, 2015
$3,603,000
Bingo 27 Winston-salem Applebe
R & M Props LLC
Grant Deed
—
Jun 22, 2011
—
R Properties
—
Deed Of Trust
related
$8,500,000 · Bank Of America
—
—
R Properties
—
Deed Of Trust
related
$20,400,000 · Bank Of America
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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