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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3244 Reynolda Rd Winston Salem, NC 27106-3040

    • Medical offices
    • 5,838 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0096760
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Reynolda Smiles / Cosmetic Dentist / Dental Implants Provider
    • Dr. Jennifer Vrikkis / Dentist / Practitioner Service Location
    • Timothy Speer / Dentist / Practitioner Service Location
    • Dr. Meredith Boyte / Dentist / Practitioner Service Location
    • Andrew Geer / Dentist / Practitioner Service Location

    Property Details for 3244 Reynolda Rd

    Year built
    2012
    Construction
    BRICK
    Lot size
    0.67 lot acres
    Property size
    5,838 SF
    Zone code
    LB-L
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    6817-36-1599.00
    APU
    681736159900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $352,000
      Market price range: $147k - $461k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3102
    Latitude
    36.1515
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,866
    $126,400
    $699,500
    $825,900
    -
    $126,400
    $699,500
    $825,900

    Comparable in this City

    • Value Estimation
      $1,415,000
      8,712 SF

      705 Coliseum Dr

      MEDICAL BUILDING • 8,712 SF
      705 Coliseum Dr, Winston Salem, NC 27106-5312
      View Details
    • Value Estimation
      $260,000
      1,638 SF

      3745 Reynolda Rd

      MEDICAL BUILDING • 1,638 SF
      3745 Reynolda Rd, Winston Salem, NC 27106-2241
      View Details
    • Value Estimation
      $700,000
      31,344 SF

      200 Robinhood Medical Plz

      MEDICAL BUILDING • 31,344 SF
      200 Robinhood Medical Plz, Winston Salem, NC 27106-5471
      View Details
    • Value Estimation
      $6,885,000
      17,296 SF

      1350 Whitaker Rdg Dr

      MEDICAL BUILDING • 17,296 SF
      1350 Whitaker Rdg Dr, Winston Salem, NC 27106-4966
      View Details
    • Value Estimation
      $650,000
      9,081 SF

      1995 Bethabara Rd

      MEDICAL BUILDING • 9,081 SF
      1995 Bethabara Rd, Winston Salem, NC 27106-3375
      View Details
    • Value Estimation
      $315,000
      1,890 SF

      1700 Polo Rd

      MEDICAL BUILDING • 1,890 SF
      1700 Polo Rd, Winston Salem, NC 27106-4541
      View Details

    Similar Nearby for Sale

    • $595,900
      1.71 Acres

      Reynolda Road Commercial Land

      1.7 Acres, Prime Winston-Salem Location
      2611 Reynolda Rd, Winston-Salem, NC 27106
      View Details
    • $1,120,000
      15,247 SF

      Bethania Mill: Historic Event Venue

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    • Contact for pricing
      0.42 Acres

      Winston-Salem Commercial Land Parcel

      Prime .42-acre commercial lot, high traffic area.
      2120 Olivet Church Rd, Winston-Salem, NC 27106
      View Details
    • Contact for pricing

      Commercial Parcel Near Mixed-Use Project

      Land parcel near a Publix-anchored mixed-use development.
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    • $1,500,000

      Commercial Property on Robinhood Road

      Commercial property with high traffic, dual access, and ample parking.
      3449 Robinhood Rd, Winston Salem, NC 27106
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    • $720,000

      Winston-Salem Multifamily Investment Opportunity

      Eight-unit multifamily portfolio in Winston-Salem's high-growth rental market.
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    Similar Nearby for Lease

    • Contact for pricing
      132,782 SF

      Robinhood Village Retail Space

      Prime Forsyth County retail opportunity.
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      View Details
    • $15 SF/Yr
      5,480 SF

      Winston-Salem Office Space Available

      Prime office space, 2,731 sq ft, excellent location.
      635 Coliseum Dr, Winston-Salem, NC 27106
      View Details
    • $8 SF/Yr
      78,595 SF

      Coliseum Park Plaza Office Suites

      Forsyth County office space, 5 suites available.
      710-720 Coliseum Dr, Winston-Salem, NC 27106
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    • Contact for pricing
      83,778 SF

      Pine Ridge Plaza Retail Space

      Winston-Salem retail space, excellent visibility.
      2835 Reynolda Rd, Winston-Salem, NC 27106
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    • $1,115 /Mo

      Updated Home with Private Balcony

      Recently updated home featuring a private balcony and modern amenities.
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      View Details
    • Contact for pricing
      7,240 SF

      Reynolda Road Retail Space

      Winston-Salem retail space available. High visibility location.
      4908 Reynolda Rd, Winston-Salem, NC 27106
      View Details
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    3244 Reynolda Rd
    Winston Salem, NC 27106-3040
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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