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    3488 Robinhood Rd Winston Salem, NC 27106-4702
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    Property profile & analytics

    3488 Robinhood Rd, Winston Salem, NC 27106-4702

    View on Map
    • Drug stores
    • 13,462 SF
    • 1.31 lot acres
    Off-Market
    Last Sale Oct 27, 2021
    $5,669,000
    Property ID
    US53-5636730
    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.
    Value Estimations
    $6,110,000
    Show details
    Cap Rate Potential
    2.2%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Michael J. Stegall, RPH / Pharmacy
    • Jeremy Howell, Pharm / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy

    Property Details for 3488 Robinhood Rd

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    1.31 lot acres
    Zone code
    HB-S
    Property type
    Drug stores
    APN
    6816-04-5559.00
    APU
    681604555900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 27, 2021 $669,000 Drenica LLC Fdp Winston Salem LLC Special Warranty Deed $289k · Brad Dumes
    Jul 22, 2014 $5,007,000 Fdp Winston-salem LLC Sffga Winston-salem LLC Grant Deed —
    — — Fdp Winston-salem LLC — Deed Of Trust · related $3.3M · Goldman-sachs Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,800,000
      ML approach
      $6,305,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,015,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3185
    Latitude
    36.1185
    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
    $66,632
    $1,209,400
    $2,141,800
    $3,351,200
    -
    $1,209,400
    $2,141,800
    $3,351,200

    Comparable in this City

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      $3,105,000
      12,694 SF

      3592 Yadkinville Rd

      DRUG STORE, PHARMACY
      3592 Yadkinville Rd, Winston Salem, NC 27106-2500
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    • Value Estimation
      $2,260,000
      2,623 SF

      2452 Fairlawn Ct

      DRUG STORE, PHARMACY
      2452 Fairlawn Ct, Winston Salem, NC 27106-3884
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    • Value Estimation by Request
      2,400 SF

      3719 Reynolda Rd

      DRUG STORE, PHARMACY
      3719 Reynolda Rd, Winston Salem, NC 27106-2231
      View Details
    • Value Estimation
      $1,975,000
      14,133 SF

      3333 Robinhood Rd

      DRUG STORE, PHARMACY
      3333 Robinhood Rd, Winston Salem, NC 27106-5403
      View Details
    • Value Estimation by Request
      2,720 SF

      3734 Reynolda Rd

      DRUG STORE, PHARMACY
      3734 Reynolda Rd, Winston Salem, NC 27106-2240
      View Details
    • Value Estimation
      $1,795,000
      13,627 SF

      606 Coliseum Dr

      DRUG STORE, PHARMACY
      606 Coliseum Dr, Winston Salem, NC 27106-5311
      View Details

    Similar Nearby for Sale

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      High-traffic corner lot suitable for various business ventures.
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      Commercial Property on Robinhood Road

      Commercial property with high traffic, dual access, and ample parking.
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      Retail Space and Outparcels Available

      Retail spaces and outparcels in the heart of Winston Salem.
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      Historic Bethania Mill Mixed-Use Property

      Historic mixed-use property with office and event space near Winston-Salem.
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      Robinhood Road Commercial Property Available

      Commercial property with high traffic, ample parking, and dual access.
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    • New
      $785,000
      Pending

      Retail Property in Winston-Salem

      Well-maintained retail property with high visibility and strong traffic.
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    Similar Nearby for Lease

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      3,245 SF

      Retail Space on Coliseum Drive

      Retail space for lease in high-traffic location.
      710-720 Coliseum Dr, Winston-Salem, NC 27106
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      Retail Space Near Wake Forest

      Retail space in Winston-Salem, near Wake Forest University.
      2835 Reynolda Rd, Winston-Salem, NC 27106
      View Details
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      Mixed-Use Development Retail Space

      Retail spaces available within a mixed-use development.
      2004 Robinhood Village Dr, Winston-Salem, NC 27106
      View Details
    • Contact for pricing

      Retail Space on Reynolda Road

      Retail space available for lease in Winston-Salem, North Carolina.
      4908 Reynolda Rd, Winston-Salem, NC 27106
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    • Contact for pricing
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      Office Suites in Piedmont Triad

      Office suites available in the Piedmont Triad area.
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      15,734 SF

      Two-Story Office Building For Rent

      Two-story office building with on-site parking in convenient location.
      3288 Robinhood Rd, Winston-Salem, NC 27106
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      1.1k
    • Avg Time on site
      32 min
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    Winston Salem, NC 27106-4702
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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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    3488 Robinhood Rd, Winston Salem, NC, 27106
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