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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Medical Office Space
2933 Maplewood Ave Winston Salem, NC 27103-4001
Entity Owned
2-yr Hold
Free & Clear
Property ID
US53-2111974
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
STEEL FRAME
Total area
10,127 SF
Lot
1.08 ac (47,045 SF)
Zoning code
LO
APN
6815-80-1617.00
UPID
US53-2111974
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
-
Dr. Carrie J. Erickson, MD Pediatrician Medical Clinic
-
Ford, Simpson, Lively & Rice Pediatrics Pediatrician Medical Clinic
-
Armentrout, Mary Elizabeth, MD Pediatrician Medical Clinic
-
Dr. Amy B. Yoder, MD Pediatrician Medical Clinic
-
Betsy Armentrout, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
Wake Forest Health Network LLC · 2 yrs held
Wake Forest Health Network LLC
since 2023
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,990,000
6.5%
$1,835,000
7%
$1,705,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,590,000
Current use
RETAIL STORES
$1,400,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,310,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$149 / 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
$25,045
Tax year 2023
Assessed value
$1,940,800
Assessed 2024
Previous assessed
$1,940,800
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$729,600
Assessed improvement
$1,211,200
Land market value
$729,600
Improvement market value
$1,211,200
Total market value
$1,940,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
10,127 SF
Lot
1.08 ac (47,045 SF)
Zoning code
LO
APN
6815-80-1617.00
UPID
US53-2111974
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Wake Forest Health Network LLC
Entity
Free & Clear · 2 yrs held
Mailing address
143 HOWARD CT, ELIZABETHTON, TN 37643-6488
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
Wake Forest Health Network LLC
Wlm LLC
Lease
—
Aug 9, 2022
—
Wlm LLC
Cornerstone Triad Realty LLC
Deed
—
Aug 9, 2022
$3,526,500
Wlm LLC
Cornerstone Triad Realty LLC
Warranty Deed
—
Mar 31, 2021
—
Cornersone Triad Realty LLC
—
Deed
related
$2,600,000 · First Horizon Bank
Sep 27, 2017
—
Cornerstone Triad Realty LLC
—
Deed
related
$2,768,821 · First Citizens Bank & Trust Co
Dec 7, 2010
$900,000
Cornerstone Triad Realty LLC
Maplewood Associates
Warranty Deed
$810,000 · Newbridge Bank
—
—
Cornerstone Triad Realty LLC
—
Deed Of Trust
related
$3,828,428 · Newbridge Bank
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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