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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Medical Office Space
390 Salem Ave Winston Salem, NC 27101-5861
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5443194
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
BRICK
Total area
10,198 SF
Lot
0.29 ac (12,632 SF)
Zoning code
MU-S
APN
6835-20-7749.00
UPID
US53-5443194
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
-
Novant Health Gateway Family Medicine Medical Clinic
-
Dr Eboni Ellis Farabee, MD Pediatrician Physician
-
Andrew Henderson, PA-C Physician
-
Antonette Scott, FNP Physician
-
Thomas Jolly, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Flagship West Salem LLC · 7 yrs held
Flagship West Salem LLC
since 2018
6 recorded transactions
Zoning & alternative use
MU-S · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,005,000
6.5%
$1,850,000
7%
$1,720,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,690,000
Current use
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$135 / 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
$23,929
Tax year 2024
Assessed value
$1,715,800
Assessed 2024
Previous assessed
$1,715,800
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$143,400
Assessed improvement
$1,572,400
Land market value
$143,400
Improvement market value
$1,572,400
Total market value
$1,715,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
NONE
Stories
1
Total area
10,198 SF
Lot
0.29 ac (12,632 SF)
Zoning code
MU-S
APN
6835-20-7749.00
UPID
US53-5443194
Jurisdiction
FORSYTH
Zoning & alternative use
MU-S · Winston Salem, NC
Zoning MU-S · permitted uses
MU-S · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.7M
MEDICAL BUILDING Current
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
2007
Construction
BRICK
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Flagship West Salem LLC
Entity
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
—
Flagship West Salem LLC
—
Deed
related
$25,792,500 · Bank Of America
Jul 26, 2018
—
Flagship West Salem LLC
Cc San Antonio Mob LP
Grant Deed
$21,475,000 · Bank Of America
Mar 31, 2011
$2,700,000
Cc San Antonio Mob LP
Salem Place At Gateway LLC
Grant Deed
$1,920,000 · Bank Of North Carolina
Aug 15, 2007
—
Salem Place At Gateway LLC
Southeast Gateway Ventures LLC
Warranty Deed
$1,800,000 · Branch Banking And Trust Co
—
—
Flagship West Salem LLC
—
Loan Modification
related
$25,792,500 · Bank Of America
—
—
Cc San Antonio Mob LP
—
Deed Of Trust
related
$1,700,000 · Bank Of Nc
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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