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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Drive through restaurants
3652 Reynolda Rd, Winston Salem, NC 27106-2230
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0302811
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1996
Construction
STEEL FRAME
Total area
3,562 SF
Lot
0.88 ac (38,333 SF)
Zoning code
HB
APN
6817-08-9665.00
UPID
US53-0302811
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
-
Bojangles Restaurant
-
Dash CREA Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.56M
Owner & transaction history
Fcpt Holdings LLC · 3 yrs held
Fcpt Holdings LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
HB · 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
$1,725,000
ML approach
$1,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.43M (Jun 23 2023)
Last sale anchor
$1.43M
Jun 23 2023
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
$437 / 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
$15,181
Tax year 2024
Assessed value
$1,082,200
Assessed 2024
Previous assessed
$1,082,200
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$336,900
Assessed improvement
$745,300
Land market value
$336,900
Improvement market value
$745,300
Total market value
$1,082,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
3,562 SF
Lot
0.88 ac (38,333 SF)
Zoning code
HB
APN
6817-08-9665.00
UPID
US53-0302811
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Winston Salem, NC
Zoning 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
Winston Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Fcpt Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
591 REDWOOD HWY FRONTAGE RD STE #3215, MILL VALLEY, CA 94941-6006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 23, 2023
$1,428,000
Fcpt Holdings LLC
J2 Reynolda LLC
Special Warranty Deed
—
Sep 19, 2016
$1,450,000
Kimrey Vernon Betiy
Catco Development INC
Warranty Deed
$185,000 · Premier FCU
Sep 19, 2016
—
Betty K Vernon
Catco Dev INC
Grant Deed
—
Aug 29, 2005
$1,250,000
Catco Development INC
John B Abernethy
Warranty Deed
$1,000,000 · Branch Banking And Trust Co
Oct 25, 2000
$1,100,000
John B Abernathy
Falls,ralph H & Nancy B
Grant Deed
$850,000 · Branch Banking & Trust Co
—
—
Catco Dev INC
—
Deed Of Trust
related
$1,119,800 · Bank Of Commerce
—
—
Catco Dev INC
—
Deed Of Trust
related
$50,000 · Blueharbor Bank
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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