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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Retail space
299 Jonestown Rd, Winston Salem, NC 27104-4618
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0834576
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1994
Construction
STEEL FRAME
Total area
4,046 SF
Lot
1.23 ac (53,579 SF)
Zoning code
LB-S
APN
6804-59-4138.00
UPID
US53-0834576
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
-
City Barbeque Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
F K S INC · 2 yrs held
F K S INC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
LB-S · 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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Jun 4 2024)
Last sale anchor
$2.35M
Jun 4 2024
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
$581 / 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
$17,197
Tax year 2023
Previous assessed
$1,284,500
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
4,046 SF
Lot
1.23 ac (53,579 SF)
Zoning code
LB-S
APN
6804-59-4138.00
UPID
US53-0834576
Jurisdiction
FORSYTH
Zoning & alternative use
LB-S · Winston Salem, NC
Zoning LB-S · permitted uses
LB-S · 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
1994
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
F K S INC
Entity
Mailing address
2547 RAVENHILL DR STE #100, FAYETTEVILLE, NC 28303-5461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jun 4, 2024
$2,350,000
F K S INC
Twp Winston Jonestown Retail LLC
Special Warranty Deed
$192,805 · Dogwood State Bank
Apr 20, 2023
$1,625,000
Twp Winston Jonestown Retail LLC
Konstandinos G Rizos
Special Warranty Deed
$1,515,000 · First Horizon Bank
Aug 7, 2006
—
Konstandinos Rizos
—
Trustees Deed
related
$90,000 · First Bank
Feb 28, 2002
—
Boston Market Corp
System Capital Real Property
Quit Claim Deed
related
—
Feb 28, 2002
$680,000
Konstandinos G Rizos
Boston Market Corp
Quit Claim Deed
related
$780,000 · High Point Bank & Trust Co
—
—
Konstandinos Rizos
—
Deed Of Trust
related
$605,385 · High Point Bank & Trust Co
—
—
Konstandinos G Rizos
—
Deed Of Trust
related
$894,129 · High Point 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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