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    Property profile & analytics

    3810 Patterson Ave Winston Salem, NC 27105-2643

    • Motels
    • 12,844 SF
    • 2.03 lot acres
    OFF-MARKET
    Value Estimation
    $3,480,000
    Last Sale
    Sep 17, 2024
    $3,450,000
    Location Intelligence
    Property ID
    US53-0865968
    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

    • Rodeway Inn Winston Salem Route 52 / Hotel

    Property Details for 3810 Patterson Ave

    Year built
    1975
    Construction
    WOOD FRAME
    Lot size
    2.03 lot acres
    Property size
    12,844 SF
    Zone code
    HB
    Property type
    Motels
    APN
    6837-25-2976.00
    APU
    683725297600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,395,000
      6.5%
      $3,305,000
      7%
      $3,535,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,875,000
      Geo Method
      $3,770,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,980,000
      Retail
      $2,930,000
      Mixed-Use
      $3,320,000
      Hospitality
      $3,660,000
      Educational
      $3,480,000
      Residential Income
      $3,030,000
      Energy
      $3,575,000
      Income-Based Land
      $3,870,000
      Food Service
      $3,810,000

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2454
    Latitude
    36.1506
    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
    2023
    $18,641
    $252,000
    $1,272,300
    $1,524,300
    -
    $252,000
    $1,272,300
    $1,524,300

    Comparable in this City

    • Value Estimation
      $2,635,000
      15,164 SF

      5906 University Pkwy

      MOTEL • 15,164 SF
      5906 University Pkwy, Winston Salem, NC 27105-1342
      View Details
    • Value Estimation
      $2,050,000
      46,105 SF

      200 Mercantile Dr

      MOTEL • 46,105 SF
      200 Mercantile Dr, Winston Salem, NC 27105-8618
      View Details
    • Value Estimation by Request
      60,535 SF

      3111 University Pkwy

      MOTEL • 60,535 SF
      3111 University Pkwy, Winston Salem, NC 27105-4231
      View Details
    • Value Estimation by Request
      11,492 SF

      4170 Patterson Ave

      MOTEL • 11,492 SF
      4170 Patterson Ave, Winston Salem, NC 27105-2251
      View Details
    • Value Estimation
      $3,155,000
      39,620 SF

      5719 University Pkwy

      MOTEL • 39,620 SF
      5719 University Pkwy, Winston Salem, NC 27105-1378
      View Details
    • Value Estimation
      $830,000
      22,008 SF

      5218 Germanton Rd

      MOTEL • 22,008 SF
      5218 Germanton Rd, Winston Salem, NC 27105-1616
      View Details

    Similar Nearby for Sale

    • $699,000
      1.34 Acres

      University Parkway Commercial Land

      1.34 Acres, Beltway Adjacent, High Visibility
      6356 University Pkwy, Winston-Salem, NC 27105
      View Details
    • $125,000
      Pending

      Expansive Land Near I-74

      13.7-acre property near I-74 with development potential.
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      University Parkway Retail Opportunity

      Newly renovated NNN leased retail property near Wake Forest University.
      5610 University Pkwy, Winston Salem, NC 27105
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      1.09 Acres

      Wooded Lot on Dillingham Road

      1.09-acre wooded lot to build your ideal home.
      183 Dillingham Rd, Winston Salem, NC 27105
      View Details
    • New
      Contact for pricing
      Pending

      Forsyth County Land Auction Opportunity

      Land in Forsyth County available through online auction event.
      4957 Davis Rd, Winston Salem, NC 27105
      View Details
    • New
      $399,000
      25.50 Acres

      Multifamily Land Development Opportunity

      25.5 acres zoned for multifamily development in Winston-Salem, NC.
      Baux Mountain Rd, Winston Salem, NC 27105
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      9,315 SF

      Winston-Salem Retail Space

      9,315 SF Single-Tenant Retail
      4404 Old Rural Hall Rd, Winston-Salem, NC 27105
      View Details
    • Contact for pricing
      142,306 SF

      Oak Summit Retail Center

      Winston-Salem, NC Shopping Center
      344 Hanes Ml Rd, Winston-Salem, NC 27105
      View Details
    • Contact for pricing

      Retail Space Near Sam's Club

      Retail space available in North Summit Square.
      256 Summit Square Blvd, Winston Salem, NC 27105
      View Details
    • Contact for pricing
      839,252 SF

      Hanes Mill Road Industrial Facility

      Large-scale industrial space for lease/sale in Winston-Salem.
      401 Hanes Ml Rd, Winston-Salem, NC 27105
      View Details
    • Contact for pricing
      4,178 SF

      Freestanding Restaurant Building with Drive-Thru

      4,178 SF freestanding restaurant building with drive-thru for lease.
      4684 North Patterson Ave, Winston Salem, NC 27105
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      919
    • Avg Time on site
      285 min
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    Winston Salem, NC 27105-2643
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    Realmo Value Estimation

    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.

    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.

    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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