New search
Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Specialty properties
4200 Patterson Ave, Winston Salem, NC 27105-1612
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1447306
Property profile
Verified
Property type
Specialty properties
Use group
COMMERCIAL MISC
Year built
1963
Construction
STEEL FRAME
Total area
3,090 SF
Lot
0.67 ac (29,185 SF)
Zoning code
HB
APN
6828-72-5432.00
UPID
US53-1447306
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
-
Myers Customer Services Car Dealership
-
Frank Myers Auto Maxx Service & Repair Auto Repair Shop
-
Winston Salem Auto Loans Financial Advisor
-
Frank Myers Auto Maxx Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$715k
Owner & transaction history
Myers Real Estate Holdings LLC · 3 yrs held
Myers Real Estate Holdings LLC
since 2023
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
HB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$515,000
+75.1%
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%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$515,000
Change: +75% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $1.00M (May 25 2023)
Last sale anchor
$1.00M
May 25 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
$231 / 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
$4,897
Tax year 2023
Previous assessed
$362,600
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
Specialty properties
Use group
COMMERCIAL MISC
Status
Off-Market
Year built
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
3,090 SF
Lot
0.67 ac (29,185 SF)
Zoning code
HB
APN
6828-72-5432.00
UPID
US53-1447306
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$515,000
MEDICAL BUILDING
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
1963
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Myers Real Estate Holdings LLC
Entity
Mailing address
1001 PO BOX 4033RD RD, WINSTON SALEM, NC 27115-4033
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
$1,000,000
Myers Real Estate Holdings LLC
Frank Myers Investments LLC
Warranty Deed
$1,200,000 · Skyline National Bank
Mar 25, 2019
—
Frank Myers Investments LLC
—
Grant Deed
related
$1,024,000 · Surrey Bk&tr
Jun 15, 2006
—
Frank Myers Investments LLC
Myers,john F & M Dianne
Quit Claim Deed
$2,957,107 · Southern Community Bank
—
—
John F Myers
—
Deed Of Trust
related
$800,000 · Southern Community Bank
—
—
C & D Enterprises Of Winston
—
Deed Of Trust
related
$80,000 · Cornerstone Bank
—
—
Frank Myers Investments LLC
—
Deed Of Trust
related
$128,000 · Southern Community Bank
—
—
John F Meyers
—
Deed Of Trust
related
$500,000 · Southern Community Bank
—
—
John F Myers
—
Deed Of Trust
related
$689,000 · Southern Community 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.
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?”
You own 4200 Patterson Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
