Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Garden apartment buildings
201 Leisure Time Ln Winston Salem, NC 27107-9479
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1197720
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1977
Construction
FRAME
Total area
7,200 SF
Lot
3.42 ac (148,975 SF)
Zoning code
RM1
APN
13-005-0-000-0103
UPID
US53-1197720
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$750k
Owner & transaction history
Infinity Capital LLC · 4 yrs held
Infinity Capital LLC
since 2021
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
RM1 · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+171.4%
Retail stores
$950,000
+115.3%
Auto repair, garage
$930,000
+111.5%
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
$900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,195,000
Change: +171% · Conversion: Moderate
RETAIL STORES
$950,000
Change: +115% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: +112% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +61% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$625,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Sep 1 2021)
Last sale anchor
$750k
Sep 1 2021
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
$104 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,398
Tax year 2023
Assessed value
$471,970
Assessed 2023
Previous assessed
$471,970
+0.0% YoY
Effective rate
0.72%
On assessed value
Land market value
$39,310
Improvement market value
$432,660
Total market value
$471,970
Applied tax rate
13.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
2
Stories
2
Units
12
Total area
7,200 SF
Lot
3.42 ac (148,975 SF)
Zoning code
RM1
APN
13-005-0-000-0103
UPID
US53-1197720
Jurisdiction
DAVIDSON
Zoning & alternative use
RM1 · Winston Salem, NCZoning RM1 · permitted uses
RM1 · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$710,000
INDUSTRIAL (GENERAL)
Est. value
$625,000
OFFICE BUILDING
Est. value
$590,000
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1977
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
2
Units
12
Lot
3.42 ac
Current owner
From public records · entity-resolved
Infinity Capital LLC
Entity
Mailing address
1643 MARBLE HL DR, CHARLOTTE, NC 28262-4487
Ownership since
2021
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 13, 2025
—
Infinity Capital LLC
—
Deed
related
$1,372,000 · Arbor Commercial Funding LLC
Sep 1, 2021
$750,000
Infinity Capital LLC
Dean Butner Rentals LLC
Warranty Deed
$680,000 · Select Bank & Trust Co
Nov 12, 2009
—
Dean Butner Rentals LLC
Butner,dean C & Deborah S
Quit Claim Deed
—
—
—
Dean C Butner
—
Deed Of Trust
related
$250,000 · 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.
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 201 Leisure Time Ln?
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.
