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    5995 Museum Dr Winston Salem, NC 27105-9813

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    5995 Museum Dr Winston Salem, NC 27105-9813

    View on Map
    • Banks
    • 11,292 SF
    • 5.19 lot acres
    Off-Market
    Property ID
    US53-0846951
    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.
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Members Credit Union / Credit Union

    Property Details for 5995 Museum Dr

    Year built
    2001
    Lot size
    5.19 lot acres
    Property size
    11,292 SF
    Zone code
    LI
    Property type
    Banks
    APN
    6828-28-5758.00
    APU
    682828575800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,012,000
      Market price range: $747k - $1.69M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $1,170,000
      Current use
      COMMERCIAL (GENERAL)
      $1,170,000
      Change: -0% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,015,000
      Change: -13% Conversion: Difficult
      RETAIL STORES
      $955,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.279
    Latitude
    36.1854
    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
    $36,969
    $798,700
    $1,836,700
    $2,635,400
    -
    $798,700
    $1,836,700
    $2,635,400

    Comparable in this City

    • Value Estimation by Request
      2,362 SF

      3701 Cherry St

      FINANCIAL BUILDING • 2,362 SF
      3701 Cherry St, Winston Salem, NC 27105-3419
      View Details
    • Value Estimation
      $1,010,000
      4,303 SF

      3736 Patterson Ave

      FINANCIAL BUILDING • 4,303 SF
      3736 Patterson Ave, Winston Salem, NC 27105-3540
      View Details
    • Value Estimation by Request
      2,627 SF

      3441 Patterson Ave

      FINANCIAL BUILDING • 2,627 SF
      3441 Patterson Ave, Winston Salem, NC 27105-3659
      View Details
    • Value Estimation by Request
      4,718 SF

      2301 Patterson Ave

      FINANCIAL BUILDING • 4,718 SF
      2301 Patterson Ave, Winston Salem, NC 27105-5217
      View Details
    • Value Estimation by Request
      3,281 SF

      5189 Northern Quarters Dr

      FINANCIAL BUILDING • 3,281 SF
      5189 Northern Quarters Dr, Winston Salem, NC 27105-2684
      View Details
    • Value Estimation by Request
      2,791 SF

      225 Hanes Ml Rd

      FINANCIAL BUILDING • 2,791 SF
      225 Hanes Ml Rd, Winston Salem, NC 27105-3614
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      University Parkway Retail Opportunity

      Newly renovated NNN leased retail property near Wake Forest University.
      5610 University Pkwy, Winston Salem, NC 27105
      View Details
    • New
      $493,650
      Pending

      Expansive Land Assemblage Near Winston-Salem

      Approximately 130 acres near Winston-Salem, suitable for residential development.
      4871 Phelps Dr, Winston-Salem, NC 27105
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    • $192,000
      Pending

      Winston-Salem 17-Acre Land Assemblage

      17 acres of prime land suitable for residential development.
      5833 Germanton Rd, Winston-Salem, NC 27105
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    • $115,000
      5.47 Acres

      Residential Land in Winston-Salem

      Large lot suitable for building a custom home.
      6455 Reubens Ridge Dr, Winston-Salem, NC 27105
      View Details
    • $85,000
      0.52 Acres

      Residential Lot in Winston-Salem

      0.52-acre lot for building or investment in Winston-Salem.
      1637 Sanford Dr, Winston-Salem, NC 27105
      View Details
    • Contact for pricing
      Pending

      Forsyth County Land Auction Opportunity

      Land in Forsyth County offered via online auction.
      4149 New Walkertown Rd, Walkertown, NC 27105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Stand Alone Retail Space Available

      Retail space with diverse uses, significant parking, pylon signage.
      4404 Old Rural Hall Rd, Winston-Salem, NC 27105
      View Details
    • Contact for pricing

      Retail Center Shadow Anchored

      Retail center with national retailers and high consumer traffic.
      344 E Hanes Mill Rd, Winston-Salem, NC 27105
      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
      View Details
    • Contact for pricing
      4,178 SF

      Freestanding Restaurant Building with Drive-Thru

      4,178 SF freestanding restaurant building with drive-thru for lease.
      4684 North Patterson Ave, Winston-Salem, NC 27105
      View Details
    • Contact for pricing

      Industrial Space For Lease/Sale

      545,459 SF industrial space available for lease or sale.
      401 W Hanes Mill Rd, Winston-Salem, NC 27105
      View Details
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    Winston Salem, NC 27105-9813
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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