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    Property profile & analytics

    589 Martin Luther King Jr Dr Winston Salem, NC 27101-4330

    • Drug stores
    • 12,142 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 17, 2021
    Location Intelligence
    Property ID
    US53-1172365
    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

    • CVS Photo / Photo Shop / Print Shop
    • LibertyX Bitcoin ATM / Atm
    • Redbox / Movie Rental Store / Movie Rental Kiosk
    • CVS / Beer Store / Convenience Store
    • CVS Pharmacy / Pharmacy

    Property Details for 589 Martin Luther King Jr Dr

    Year built
    2011
    Construction
    CONCRETE
    Lot size
    1.78 lot acres
    Property size
    12,142 SF
    Zone code
    PB-S
    Property type
    Drug stores
    APN
    6835-78-2262.00
    APU
    683578226200

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2279
    Latitude
    36.1019
    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
    $44,627
    $423,900
    $1,590,800
    $2,014,700
    -
    $423,900
    $1,590,800
    $2,014,700

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      706 Trade St

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      706 Trade St, Winston Salem, NC 27101-1431
      View Details
    • Value Estimation by Request
      1,624 SF

      615 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 1,624 SF
      615 Walnut St, Winston Salem, NC 27101-5734
      View Details
    • Value Estimation by Request
      10,339 SF

      500 Main St, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 10,339 SF
      500 Main St, Winston Salem, NC 27101-3025
      View Details
    • Value Estimation by Request
      868 SF

      413 Salem Ave

      RETAIL STORES (PERSONAL SERVICES) • 868 SF
      413 Salem Ave, Winston Salem, NC 27101-5821
      View Details
    • Value Estimation by Request
      11,673 SF

      711 Salem Ave

      FINANCIAL BUILDING • 11,673 SF
      711 Salem Ave, Winston Salem, NC 27101-5365
      View Details
    • Value Estimation by Request
      864 SF

      4675 Old Belews Crk Ct

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      4675 Old Belews Crk Ct, Winston Salem, NC 27101-2225
      View Details

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    • Contact for pricing
      Pending

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      Land in Forsyth County available through online auction.
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    Property Visit Statistics

    • Visits by month
      9.8k
    • Visitors by month
      6.8k
    • Avg Time on site
      11 min
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    589 Martin Luther King Jr Dr
    Winston Salem, NC 27101-4330
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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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