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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Theaters & concert halls
650 6th St, Winston Salem, NC 27101-1344
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-1770761
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1970
Construction
STEEL FRAME
Total area
16,928 SF
Lot
0.92 ac (40,075 SF)
Zoning code
PB
APN
6835-07-1646.00
UPID
US53-1770761
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
-
Winston-Salem Theatre Alliance Theater & Performing Art Venue
-
Winston Salem Theatre Alliance Theater & Performing Art Venue
-
PTI Ground Transportation Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Winston-salem Theatre Alliance · 7 yrs held
Winston-salem Theatre Alliance
since 2019
2 recorded transactions
Zoning & alternative use
PB · 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
Method
Estimation
Statistic approach
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$845,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$705,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$31 / 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
Assessed value
$1,960,300
Assessed 2024
Previous assessed
$1,960,300
+0.0% YoY
Assessed land
$528,000
Assessed improvement
$1,432,300
Land market value
$528,000
Improvement market value
$1,432,300
Total market value
$1,960,300
Applied tax rate
13,164.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
SPACE
Cooling
CENTRAL
Stories
2
Total area
16,928 SF
Lot
0.92 ac (40,075 SF)
Zoning code
PB
APN
6835-07-1646.00
UPID
US53-1770761
Jurisdiction
FORSYTH
Zoning & alternative use
PB · Winston Salem, NC
Zoning PB · permitted uses
PB · 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
MEDICAL BUILDING
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$705,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Winston-salem Theatre Alliance
Individual
Mailing address
650 W 6TH ST, WINSTON SALEM, NC 27101-1344
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2019
$1,350,000
Winston-salem Theatre Alliance
Bullard,james A II & Kimberly W
Warranty Deed
$900,000 · Branch Bk&tr
Jan 31, 2018
$990,000
James A Bullard II
Blue Bird Cab Co INC
Warranty Deed
$990,000 · Blue Bird Cab Co INC
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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