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    Property profile & analytics

    4690 Patterson Ave Winston Salem, NC 27105-1365

    • Turn key restaurants
    • 4,815 SF
    • 1.41 lot acres
    OFF-MARKET
    Value Estimation
    $3,130,000
    Last Sale
    Jan 27, 2023
    $2,730,000
    Location Intelligence
    Property ID
    US53-1907560
    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

    • Applebee's Grill + Bar / Restaurant / Bar & Grill

    Property Details for 4690 Patterson Ave

    Year built
    1998
    Construction
    BRICK
    Lot size
    1.41 lot acres
    Property size
    4,815 SF
    Zone code
    HB
    Property type
    Turn key restaurants
    APN
    6828-37-9650.00
    APU
    682837965000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,610,000
      6.5%
      $2,460,000
      7%
      $2,815,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,635,000
      Geo Method
      $2,555,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,030,000
      Retail
      $2,415,000
      Mixed-Use
      $3,005,000
      Hospitality
      $2,645,000
      Educational
      $2,520,000
      Residential Income
      $2,925,000
      Energy
      $2,630,000
      Income-Based Land
      $2,805,000
      Food Service
      $2,320,000

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2742
    Latitude
    36.1822
    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
    2024
    $27,245
    $1,030,600
    $911,600
    $1,942,200
    -
    $1,030,600
    $911,600
    $1,942,200

    Comparable in this City

    • Value Estimation
      $380,000
      2,432 SF

      5908 University Pkwy

      RESTAURANT • 2,432 SF
      5908 University Pkwy, Winston Salem, NC 27105-1342
      View Details
    • Value Estimation by Request
      7,258 SF

      5920 University Pkwy

      RESTAURANT • 7,258 SF
      5920 University Pkwy, Winston Salem, NC 27105-1342
      View Details
    • Value Estimation
      $85,000
      600 SF

      4288 Patterson Ave

      RESTAURANT • 600 SF
      4288 Patterson Ave, Winston Salem, NC 27105
      View Details
    • Value Estimation by Request
      4,810 SF

      515 Specialty Park Dr

      RESTAURANT • 4,810 SF
      515 Specialty Park Dr, Winston Salem, NC 27105-2553
      View Details
    • Value Estimation
      $220,000
      1,001 SF

      2300 Patterson Ave

      RESTAURANT • 1,001 SF
      2300 Patterson Ave, Winston Salem, NC 27105-5218
      View Details
    • Value Estimation
      $405,000
      2,705 SF

      3040 University Pkwy

      RESTAURANT • 2,705 SF
      3040 University Pkwy, Winston Salem, NC 27105-4230
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    • $399,000
      9.62 Acres

      Winston-Salem Commercial Land - $399,000

      9.6 Acres Retail Land, I-74 Access
      4143 Patterson Ave, Winston-Salem, NC 27105
      View Details
    • $330,834
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      Prime residential development land near I-74.
      1194 Blackburn Rd, Winston-Salem, NC 27105
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    • $330,834
      79.39 Acres

      79 Acres Near I-74

      Large acreage suitable for residential development in a growing area.
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      Pending

      Forsyth County Land Auction Opportunity

      Land in Forsyth County available via online auction.
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    • Contact for pricing
      0.36 Acres

      Residential Lot in Winston-Salem

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    Similar Nearby for Lease

    • Contact for pricing
      4,178 SF

      Freestanding Restaurant Building with Drive-Thru

      4,178 SF freestanding restaurant building with drive-thru for lease.
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      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
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    • $12 SF/Yr
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      View Details
    • Contact for pricing
      142,306 SF

      Oak Summit Retail Center

      Winston-Salem, NC Shopping Center
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    • 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
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    4690 Patterson Ave
    Winston Salem, NC 27105-1365
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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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