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

    3501 Robinhood Rd Winston Salem, NC 27106-4703

    • Grocery and convenience stores
    • 1,800 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    7.2%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US53-1291801
    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

    • bp / Gas Station / Convenience Store
    • Family Fare / Convenience Store
    • ATM (Robinhood Road BP) / Atm

    Property Details for 3501 Robinhood Rd

    Year built
    1998
    Construction
    CONCRETE BLOCKS
    Lot size
    0.81 lot acres
    Property size
    1,800 SF
    Zone code
    HB
    Property type
    Grocery and convenience stores
    APN
    6816-04-5993.00
    APU
    681604599300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $545,000
      6.5%
      $500,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $344,000
      Market price range: $208k - $344k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3185
    Latitude
    36.1194
    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
    $16,581
    $829,600
    $352,400
    $1,182,000
    -
    $829,600
    $352,400
    $1,182,000

    Comparable in this City

    • Value Estimation
      $765,000
      36,136 SF

      2445 Fairlawn Ct

      GROCERY, SUPERMARKET • 36,136 SF
      2445 Fairlawn Ct, Winston Salem, NC 27106-3884
      View Details
    • Value Estimation
      $305,000
      4,960 SF

      3619 Reynolda Rd

      CONVENIENCE STORE • 4,960 SF
      3619 Reynolda Rd, Winston Salem, NC 27106-2254
      View Details
    • Value Estimation
      $270,000
      252 SF

      1931 Peace Hvn Rd

      CONVENIENCE STORE • 252 SF
      1931 Peace Hvn Rd, Winston Salem, NC 27106-4850
      View Details
    • Value Estimation
      $415,000
      2,505 SF

      4019 Reynolda Rd

      CONVENIENCE STORE • 2,505 SF
      4019 Reynolda Rd, Winston Salem, NC 27106-1744
      View Details
    • Value Estimation
      $290,000
      2,088 SF

      5595 Shattalon Dr

      CONVENIENCE STORE • 2,088 SF
      5595 Shattalon Dr, Winston Salem, NC 27106-2428
      View Details
    • Value Estimation
      $370,000
      5,865 SF

      5000 University Pkwy

      CONVENIENCE STORE • 5,865 SF
      5000 University Pkwy, Winston Salem, NC 27106-2830
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $1,120,000
      15,247 SF

      Bethania Mill: Historic Event Venue

      15,247 SF Mixed-Use Property, Winston-Salem
      5455 Bethania Rd, Winston-Salem, NC 27106
      View Details
    • $1,500,000

      Robinhood Road Commercial Property Available

      Commercial property with high traffic, ample parking, and dual access.
      3449 Robinhood Rd, Winston Salem, NC 27106
      View Details
    • 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.
      2120 Olivet Church Rd, Winston Salem, NC 27106
      View Details
    • $720,000

      Winston-Salem Multifamily Investment Opportunity

      Eight-unit multifamily portfolio in Winston-Salem's high-growth rental market.
      2810 Carriage Dr, Winston Salem, NC 27106
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Former Bank Branch with Drive-Thru

      2,381 SF former bank branch with drive-thru lanes.
      Winston Salem, NC 27106
      View Details
    • Contact for pricing
      83,778 SF

      Pine Ridge Plaza Retail Space

      Winston-Salem retail space, excellent visibility.
      2835 Reynolda Rd, 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
      View Details
    • Contact for pricing
      132,782 SF

      Robinhood Village Retail Space

      Prime Forsyth County retail opportunity.
      2004 Robinhood Vlg Dr, Winston-Salem, NC 27106
      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
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    Winston Salem, NC 27106-4703
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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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