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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Medical Office Space
400 Jonestown Rd Winston Salem, NC 27104-4623
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1739889
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
WOOD
Total area
3,510 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HB-S
APN
6804-48-8971.00
UPID
US53-1739889
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
-
Dr. M. Kenneth Morgan, MD Pediatrician Physician
-
Novant Health Forsyth Family Medicine Medical Clinic
-
Dr. James C. Spencer, MD Pediatrician Physician
-
Jessica M. Rebollar, PA-C Pediatrician Physician
-
James Craig Spencer Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.03M
Owner & transaction history
Ali Jarraih · 2 yrs held
Ali Jarraih
since 2023
Last sale
$995,000
5 recorded transactions
Zoning & alternative use
HB-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
$1,200,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±10% · vs last sale $995k (Dec 28 2023)
Last sale anchor
$995k
Dec 28 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
$292 / 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
$9,963
Tax year 2024
Assessed value
$745,000
Assessed 2024
Previous assessed
$745,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$406,000
Assessed improvement
$339,000
Land market value
$406,000
Improvement market value
$339,000
Total market value
$745,000
Applied tax rate
13,164.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1991
Construction
WOOD
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
3,510 SF
Lot
0.48 ac (20,909 SF)
Zoning code
HB-S
APN
6804-48-8971.00
UPID
US53-1739889
Jurisdiction
FORSYTH
Zoning & alternative use
HB-S · Winston Salem, NC
Zoning HB-S · permitted uses
HB-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.
Building & site characteristics
From public records
Year built
1991
Construction
WOOD
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Ali Jarraih
Individual
Free & Clear · 2 yrs held
Mailing address
8325 TUSCANY DR, LEWISVILLE, NC 27023-9473
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
Ali Jarraih
Jarrahi Family Limited Partnership
Intrafamily Transfer
related
—
Apr 1, 2022
$995,000
Jarrahi Family LP
400 Jonestown LLC
Special Warranty Deed
—
Jan 5, 2022
—
Forsyth Memorial Hospital LLC
400 Jonestown LLC
Lease
—
Mar 31, 2021
$705,000
400 Jonestown LLC
Ffp Of Jonestown LLC
Special Warranty Deed
$700,000 · Southern Bank & Trust Co
Mar 19, 2009
—
Ffp Of Jonestown LLC
Ffp Ptshp
Quit Claim Deed
related
—
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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