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Property profile & analytics
OFF-MARKET
Estimated value
$7,280,000
Retail space
500 4th St, Winston Salem, NC 27101-2782
Entity Owned
1-yr Hold
Free & Clear
Property ID
US53-1053808
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Construction
BRICK
Total area
58,082 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CB WO
APN
6835-06-9758.00
UPID
US53-1053808
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
-
Truc Ly Nguyen Tran Physician
-
TASC Church Mosque
-
The Dream Team Foundation, Inc. Association / Organization
-
Sustaining Hands Home Care Home Health Care Service
-
Whisper Inc Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.79M
Comparable Approach
Comparable
$7.12M
Blend (final)
Blend
$7.28M
Owner & transaction history
500 West 4th Street LLC · 1 yrs held
500 West 4th Street LLC
since 2024
5 recorded transactions
Zoning & alternative use
CB WO · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.6M
+46.6%
Auto repair, garage
$7.5M
+14.2%
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%
$10,600,000
6.5%
$9,785,000
7%
$9,085,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,575,000
Current use
MEDICAL BUILDING
$9,640,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,510,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,315,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$7.28M
Range $6.55M – $8.01M · ±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
$125 / 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
$26,235
Tax year 2023
Assessed value
$3,725,800
Assessed 2024
Previous assessed
$3,725,800
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$515,700
Assessed improvement
$3,210,100
Land market value
$515,700
Improvement market value
$3,210,100
Total market value
$3,725,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1929
Construction
BRICK
Heating
NONE
Buildings
2
Stories
3
Total area
58,082 SF
Lot
0.48 ac (20,909 SF)
Zoning code
CB WO
APN
6835-06-9758.00
UPID
US53-1053808
Jurisdiction
FORSYTH
Zoning & alternative use
CB WO · Winston Salem, NC
Zoning CB WO · permitted uses
CB WO · 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
RETAIL STORES Current
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$9.6M
AUTO REPAIR, GARAGE
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$6.3M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1929
Construction
BRICK
Heating
NONE
Stories
3
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
500 West 4th Street LLC
Entity
Free & Clear · 1 yrs held
Mailing address
500 W 4TH ST, WINSTON SALEM, NC 27101-2782
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 5, 2024
—
500 West 4th Street LLC
Forsyth Economic Ventures INC
Deed
—
Nov 13, 2024
$3,100,000
500 West 4th Street LLC
Forsyth Economic Ventures INC
Special Warranty Deed
—
Mar 29, 2018
—
Forsyth Economic Ventures INC
—
Deed
related
$500,000 · First Citizens Bank & Trust Co
Jan 14, 2004
$3,273,637
Forsyth Economic Ventures INC
Ws Mortgage Acquisition Corp
Grant Deed
—
—
—
Forsyth Economic Ventures INC
—
Deed Of Trust
related
$2,200,000 · Wells Fargo 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.
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