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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Grocery and convenience stores
2505 Somerset Ctr Dr Winston Salem, NC 27103-6767
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1293376
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2006
Construction
STEEL FRAME
Total area
5,782 SF
Lot
2.12 ac (92,347 SF)
Zoning code
NSB-S
APN
6803-79-6375.00
UPID
US53-1293376
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
-
Coinsource Bitcoin ATM Atm
-
ATM M&t Bank Atm Bank Or Atm
-
PNC ATM Atm
-
Sheetz Car Wash
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.42M
Owner & transaction history
Shoppes At Somerset LLC · 7 yrs held
Shoppes At Somerset LLC
since 2018
6 recorded transactions
Zoning & alternative use
NSB-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NSB District is intended to provide for the development of integrated, self-contained shopping and service centers designed to meet the daily retail and service needs of residents in the surrounding area
Zone name
Neighborhood Shopping Center Business Special Use
General category
COMMERCIAL
Zone area
34.65 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.7M
+2,113.1%
Medical building
$910,000
+1,065.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
RESTAURANT
$1,725,000
Change: +2,113% · Conversion: Difficult
MEDICAL BUILDING
$910,000
Change: +1,066% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$245 / 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
$32,260
Tax year 2024
Assessed value
$2,299,700
Assessed 2024
Previous assessed
$2,299,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,063,800
Assessed improvement
$1,235,900
Land market value
$1,063,800
Improvement market value
$1,235,900
Total market value
$2,299,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
5,782 SF
Lot
2.12 ac (92,347 SF)
Zoning code
NSB-S
APN
6803-79-6375.00
UPID
US53-1293376
Jurisdiction
FORSYTH
Zoning & alternative use
NSB-S · Winston Salem, NCZoning NSB-S · permitted uses
NSB-S · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NSB District is intended to provide for the development of integrated, self-contained shopping and service centers designed to meet the daily retail and service needs of residents in the surrounding area
Zone name
Neighborhood Shopping Center Business Special Use
General category
COMMERCIAL
Zone area
34.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$910,000
RESTAURANT
MEDICAL 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
2006
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Shoppes At Somerset LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2963 DUPONT AVE STE #2, JACKSONVILLE, FL 32217-2791
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Apr 24, 2020
—
Somerset Acs LLC
—
Deed
related
$4,725,000 · Truist Bk
Aug 15, 2018
$7,166,500
Shoppes At Somerset LLC
Executive Quarters LLC
Warranty Deed
—
Jun 8, 2017
—
Executive Quarters LLC
—
Deed
related
—
Dec 14, 2006
$11,096,500
Executive Quarters LLC
Owner Name Unavailable
Grant Deed
related
$747,000 · Principal Life Insurance Co
—
—
Executive Quarters LLC
—
Loan Modification
related
—
—
—
Somerset Acs LLC
—
Loan Modification
related
$4,725,000 · Truist 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.
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