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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
661 Friedberg Church Rd Ste A Winston Salem, NC 27127-9759
Entity Owned
21-yr Hold
Free & Clear
Property ID
US53-2217802
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
FRAME
Total area
5,820 SF
Lot
1.48 ac (64,469 SF)
Zoning code
PDHC
APN
03-003-0-000-0094
UPID
US53-2217802
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
-
Whiteheart Law Firm Law Firm Child Welfare Organization
-
Edward Jones - Financial Advisor: Duane Norman Financial Advisor
-
Edward Jones - Financial Advisor: Jeremy W Autry, AAMS™|CRPC™ Financial Advisor
-
Farm Bureau Insurance of North Davidson Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$580k
Owner & transaction history
Colonial Business Park LLC · 21 yrs held
Colonial Business Park LLC
since 2005
3 recorded transactions
Zoning & alternative use
PDHC · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$965,000
+103.3%
Retail stores
$765,000
+61.2%
Auto repair, garage
$755,000
+58.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Current use
MEDICAL BUILDING
$965,000
Change: +103% · Conversion: Easy
RETAIL STORES
$765,000
Change: +61% · Conversion: Moderate
AUTO REPAIR, GARAGE
$755,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: +20% · Conversion: Easy
INDUSTRIAL (GENERAL)
$505,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$450,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$100 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,553
Tax year 2023
Assessed value
$555,140
Assessed 2023
Previous assessed
$555,140
+0.0% YoY
Effective rate
0.64%
On assessed value
Land market value
$145,060
Improvement market value
$410,080
Total market value
$555,140
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
5,820 SF
Lot
1.48 ac (64,469 SF)
Zoning code
PDHC
APN
03-003-0-000-0094
UPID
US53-2217802
Jurisdiction
DAVIDSON
Zoning & alternative use
PDHC · Winston Salem, NC
Zoning PDHC · permitted uses
PDHC · 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
OFFICE BUILDING Current
Est. value
$475,000
MEDICAL BUILDING
Est. value
$965,000
RETAIL STORES
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$570,000
INDUSTRIAL (GENERAL)
Est. value
$505,000
WAREHOUSE, STORAGE
Est. value
$450,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.48 ac
Current owner
From public records · entity-resolved
Colonial Business Park LLC
Entity
Free & Clear · 21 yrs held
Mailing address
520 BETHANY CHURCH RD, WINSTON SALEM, NC 27107-9049
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2005
—
Colonial Business Park LLC
Willard,wilburn A & Tammie L
Warranty Deed
—
Apr 8, 2004
$106,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
—
—
Colonial Business Park LLC
—
Deed Of Trust
related
$225,645 · Bank Of The Ozarks
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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