New search
Property profile & analytics
OFF-MARKET
Medical Office Space
223 Harper St Winston Salem, NC 27104-3849
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US53-0291331
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
STEEL FRAME
Total area
2,560 SF
Lot
0.34 ac (14,810 SF)
Zoning code
LO
APN
6815-33-0568.00
UPID
US53-0291331
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
-
Gray Chiropractic & Sports Associates Alternative Medicine Practice
-
Lawrence Gray Alternative Medicine Practice
-
Neck and Whiplash Center of the Triad Alternative Medicine Practice
-
North Carolina HBOT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lg Property Holdings LLC · 12 yrs held
Lg Property Holdings LLC
since 2013
6 recorded transactions
Zoning & alternative use
LO · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,668
Tax year 2024
Assessed value
$261,500
Assessed 2024
Previous assessed
$261,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$90,000
Assessed improvement
$171,500
Land market value
$90,000
Improvement market value
$171,500
Total market value
$261,500
Applied tax rate
13,164.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1971
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
2,560 SF
Lot
0.34 ac (14,810 SF)
Zoning code
LO
APN
6815-33-0568.00
UPID
US53-0291331
Jurisdiction
FORSYTH
Zoning & alternative use
LO · Winston Salem, NC
Zoning LO · permitted uses
LO · 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
1971
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lg Property Holdings LLC
Entity
Mailing address
223 HARPER ST, WINSTON SALEM, NC 27104-3849
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2020
—
Lg Property Holdings LLC
—
Deed
related
$221,000 · The Fidelity Bank
Oct 18, 2019
—
Lg Property Holdings LLC
—
Deed
related
$50,000 · The Fidelity Bank
Jul 30, 2013
—
Lg Property Holdings LLC
Gray,lawrence D JR
Quit Claim Deed
related
$220,000 · Fidelity Bank NA
Oct 30, 2006
—
Lawrence D Gray JR.
Bronson,amy A
Quit Claim Deed
related
$230,000 · Suntrust Bank NA
Dec 28, 2000
$184,500
Lawrence D Gray
Mccain,k F
Grant Deed
$220,000 · Central Carolina Bank & Trust
—
—
Lg Property Holdings LLC
—
Deed Of Trust
related
$50,000 · Fidelity 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.
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 223 Harper St?
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.
