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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Medical Office Space
250 Executive Park Blvd Ste 115 Winston Salem, NC 27103-1534
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1091804
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
BRICK
Total area
19,750 SF
Lot
1.24 ac (54,014 SF)
Zoning code
GO
APN
6815-51-4239.00
UPID
US53-1091804
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
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$471k
Blend (final)
Blend
$590k
Owner & transaction history
Covington Family Properties INC · 4 yrs held
Covington Family Properties INC
since 2021
5 recorded transactions
Zoning & alternative use
GO · 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
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$30 / 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
$2,465
Tax year 2024
Assessed value
$175,700
Assessed 2024
Previous assessed
$175,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$80,000
Assessed improvement
$95,700
Land market value
$80,000
Improvement market value
$95,700
Total market value
$175,700
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
1966
Construction
BRICK
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
19,750 SF
Lot
1.24 ac (54,014 SF)
Zoning code
GO
APN
6815-51-4239.00
UPID
US53-1091804
Jurisdiction
FORSYTH
Zoning & alternative use
GO · Winston Salem, NC
Zoning GO · permitted uses
GO · 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
1966
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Covington Family Properties INC
Entity
Free & Clear · 4 yrs held
Mailing address
36 HIDDEN RD, ANDOVER, MA 01810-4928
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
—
Covington Family Properties INC
Covington Wilson Incorporated
Intrafamily Transfer
related
—
Oct 25, 2019
$180,500
Covington Wilson INC
Brenda R Funderburk
Grant Deed
—
—
—
Amon L Funderburk
—
Deed Of Trust
related
$65,688 · First Citizens Bank & Trust Co
—
—
Amon L Funderburk
—
Deed Of Trust
related
$25,000 · First Citizens Bank & Trust Co
—
—
Amon L Funderburk
—
Deed Of Trust
related
$145,000 · First Citizens Bank & 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.
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