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Property profile & analytics
OFF-MARKET
Retail space
560 Trade St, Winston Salem, NC 27101-2937
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2059797
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Construction
STEEL FRAME
Total area
21,400 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CB WO
APN
6835-18-7060.00
UPID
US53-2059797
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
-
The B String Guitar Shop (Bike/Boat/Book/etc) Store
-
Jack Jennings Metalsmith (Bike/Boat/Book/etc) Store
-
Louis Guidetti Fine Art Art Studio
-
Cindy Taplin Contemporary Paintings Artist
-
Press 53 Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ronaldf Propst · 1 yrs held
Ronaldf Propst
since 2024
Last sale
$125,000
5 recorded transactions
Zoning & alternative use
CB WO · Winston Salem, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,811
Tax year 2024
Assessed value
$736,000
Assessed 2024
Previous assessed
$736,000
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$206,000
Assessed improvement
$530,000
Land market value
$206,000
Improvement market value
$530,000
Total market value
$736,000
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
1946
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
21,400 SF
Lot
0.25 ac (10,890 SF)
Zoning code
CB WO
APN
6835-18-7060.00
UPID
US53-2059797
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.
Building & site characteristics
From public records
Year built
1946
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ronaldf Propst
Individual
Mailing address
2222 PKWY DR, WINSTON SALEM, NC 27103-3635
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jul 16, 2024
—
Ronaldf Propst
Ronaldf Propst
Intrafamily Transfer
related
—
Feb 6, 2024
—
Ronald F Propst
—
Deed
related
$100,000 · Blue Ridge Bank
Mar 27, 2017
—
Denise P Mccormick
—
Deed
related
$400,000 · First Tennessee Bank NA
—
—
Ronald F Propst
—
Deed Of Trust
related
$200,000 · Regions Bank
—
—
Ronald F Propst
—
Deed Of Trust
related
$200,000 · Regions 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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