New search
Property profile & analytics
FOR LEASE
Strip malls
4051 S Memorial Dr, Winterville, NC 28590
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1709315
For Lease
1 / 3
$15 SF/Yr
4051 S Memorial Dr, Winterville, NC 28590
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Total area
28,311 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CH
APN
33165
UPID
US53-1709315
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
-
Iglesia De Cristo Bethel NC Church
-
Salon E Hair Salon Nail Salon
-
Dogwood State Bank Bank Loan Service
-
Bella Salon Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.03M
Owner & transaction history
Greenville Property LLC · 3 yrs held
Greenville Property LLC
since 2023
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
CH · Winterville, 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 Winterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winterville 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
$1,840,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,645,000
Current use
OFFICE BUILDING
$2,590,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,315,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±10% · vs last sale $2.60M (May 1 2023)
Last sale anchor
$2.60M
May 1 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
$72 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,905
Tax year 2023
Assessed value
$2,031,679
Assessed 2023
Previous assessed
$2,031,679
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,155,084
Assessed improvement
$876,595
Land market value
$1,155,084
Improvement market value
$876,595
Total market value
$2,031,679
Applied tax rate
70.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
1
Bathrooms
10
Total area
28,311 SF
Lot
1.89 ac (82,328 SF)
Zoning code
CH
APN
33165
UPID
US53-1709315
Jurisdiction
PITT
Zoning & alternative use
CH · Winterville, NC
Zoning CH · permitted uses
CH · Winterville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
1
Bathrooms
10
Lot
1.89 ac
Current owner
From public records · entity-resolved
Greenville Property LLC
Entity
Mailing address
450 E 3RD ST, WENDELL, NC 27591-9745
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
—
Greenville Property LLC
—
Deed
related
$1,400,000 · First Bank
May 1, 2023
$2,600,000
Greenville Property LLC
Kenneth H Smith
Special Warranty Deed
$2,200,000 · Kenneth Extl
Jan 25, 2019
—
Kenneth H Smith
—
Deed
related
$300,000 · Union Bk
May 23, 2016
—
Kenneth H Smith
—
Trustees Deed
related
$300,000 · West Town Bk&tr
Dec 30, 2010
—
Smith,kenneth H & Christie
—
Grant Deed
related
$1,960,392 · West Town Svgs Bk
Feb 26, 2010
—
Smith,kenneth H & Christie R
—
Grant Deed
related
$1,585,000 · West Town Svgs Bk
Jan 1, 2006
$300,000
Harrelson,john G
Harrelson,john G
Warranty Deed
related
—
—
—
Kenneth H Smith
—
Deed Of Trust
related
$300,000 · Union Bk
—
—
Kenneth H Smith
—
Deed Of Trust
related
$50,000 · West Town Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
