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Property profile & analytics
OFF-MARKET
Estimated value
$14,250,000
Strip malls
5034 Peters Crk Pkwy Winston Salem, NC 27127-7276
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1652701
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
CONCRETE
Total area
60,943 SF
Lot
12.09 ac (526,640 SF)
Zoning code
NSB-S
APN
6822-52-8308.00
UPID
US53-1652701
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
-
Lowes Foods on Peters Creek Parkway Bakery Specialty Food Shop
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Lowes Foods' Chicken Kitchen Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.22M
CAP Approach
CAP
$16.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.25M
Owner & transaction history
Club Forest Ocws LLC · 3 yrs held
Club Forest Ocws LLC
since 2023
Last sale
$13.8M
5 recorded transactions
Zoning & alternative use
NSB-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NSB District is intended to provide for the development of integrated, self-contained shopping and service centers designed to meet the daily retail and service needs of residents in the surrounding area
Zone name
Neighborhood Shopping Center Business Special Use
General category
COMMERCIAL
Zone area
34.65 ac
Source
Realmo
Top alternative use upside
Restaurant
$18.2M
+2,113.1%
Medical building
$10.1M
+1,132.1%
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
$16,595,000
ML approach
$10,215,000
CAP Approach
CAP Return
Estimation
6%
$18,370,000
6.5%
$16,955,000
7%
$15,745,000
Alternative Use
Use
Estimation
RESTAURANT
$18,165,000
Change: +2,113% · Conversion: Difficult
MEDICAL BUILDING
$10,115,000
Change: +1,132% · Conversion: Difficult
Blend value · Realmo final
$14.25M
Range $12.83M – $15.68M · ±10% · vs last sale $13.75M (Mar 17 2023)
Last sale anchor
$13.75M
Mar 17 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
$234 / 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
$134,279
Tax year 2024
Assessed value
$10,310,900
Assessed 2024
Previous assessed
$10,310,900
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,528,500
Assessed improvement
$7,782,400
Land market value
$2,528,500
Improvement market value
$7,782,400
Total market value
$10,310,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Year built
2003
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
60,943 SF
Lot
12.09 ac (526,640 SF)
Zoning code
NSB-S
APN
6822-52-8308.00
UPID
US53-1652701
Jurisdiction
FORSYTH
Zoning & alternative use
NSB-S · Winston Salem, NCZoning NSB-S · permitted uses
NSB-S · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NSB District is intended to provide for the development of integrated, self-contained shopping and service centers designed to meet the daily retail and service needs of residents in the surrounding area
Zone name
Neighborhood Shopping Center Business Special Use
General category
COMMERCIAL
Zone area
34.65 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$18.2M
MEDICAL BUILDING
Est. value
$10.1M
RESTAURANT
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
2003
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
12.09 ac
Current owner
From public records · entity-resolved
Club Forest Ocws LLC
Entity
Mailing address
500 N PO BOX 699TH RD STE #100, FOUNTAIN INN, SC 29644-0699
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
Mar 17, 2023
$13,750,000
Club Forest Ocws LLC
Ddrm Shops At Olivers Crossing LLC
Special Warranty Deed
$5,800,000 · Rga Reinsurance Company
Jul 14, 2022
—
Ddrm Shops At Olivers Crossing LLC
—
Deed
related
$360,000,000 · Column Financial INC
Jun 30, 2017
—
Ddrm Shops At Oliver S Crossing LLC
—
Deed
related
$274,760,000 · Morgan Stanley Bank NA
Jul 5, 2011
—
Ddrm Shops Of Olivers Crossing L
Ddr Retail Real Estate LP
Grant Deed
related
—
Jun 28, 2007
—
Ddrm Olivers Crossing Shopping Ctr
Inland Southeast Olivers Crossing L
Special Warranty Deed
—
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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