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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Grocery and convenience stores
3619 Reynolda Rd Winston Salem, NC 27106-2254
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0299882
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Construction
STEEL FRAME
Total area
4,960 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HB
APN
6817-18-1893.00
UPID
US53-0299882
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
-
Taco Riendo 3 Restaurant
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Citgo by Lo Gas Station
-
3 Brothers bylo Grocery & Convenience Store
-
ATM (Citgo by Lo) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$905k
Owner & transaction history
Darshan Property LLC · 8 yrs held
Darshan Property LLC
since 2018
2 recorded transactions
Zoning & alternative use
HB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
Zone name
Highway Business
General category
COMMERCIAL
Zone area
2,323.66 ac
Source
Realmo
Top alternative use upside
Medical building
$825,000
+1,132.1%
Retail stores
$655,000
+877.2%
Auto repair, garage
$640,000
+860.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$825,000
Change: +1,132% · Conversion: Difficult
RETAIL STORES
$655,000
Change: +877% · Conversion: Easy
AUTO REPAIR, GARAGE
$640,000
Change: +860% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$182 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,147
Tax year 2024
Assessed value
$865,900
Assessed 2024
Previous assessed
$865,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$181,600
Assessed improvement
$684,300
Land market value
$181,600
Improvement market value
$684,300
Total market value
$865,900
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
4,960 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HB
APN
6817-18-1893.00
UPID
US53-0299882
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Winston Salem, NCZoning HB · permitted uses
HB · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
Zone name
Highway Business
General category
COMMERCIAL
Zone area
2,323.66 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$825,000
RETAIL STORES
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$640,000
MEDICAL BUILDING
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
2003
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Darshan Property LLC
Entity
Free & Clear · 8 yrs held
Mailing address
413 E MAIN ST, BOONVILLE, NC 27011-8771
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
$1,350,000
Darshan Property LLC
Commercial Oil Co
Special Warranty Deed
—
Jun 19, 2002
$295,000
Commercial Oil Co INC
Sanders,james R & Coleen C
Grant Deed
$245,000 · James R & Coleen C Sanders
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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