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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Medical Office Space
725 Highland Oaks Dr, Winston Salem, NC 27103-7109
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-1613138
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
BRICK
Total area
34,060 SF
Lot
1.74 ac (75,794 SF)
Zoning code
GB-S
APN
6814-53-0671.00
UPID
US53-1613138
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
-
Christopher Shah Ophthalmologist
-
Novant Health Forsyth Heart and Wellness - Heart Failure Clinic Hospital
-
The Skin Surgery Center for Clinical Research Medical Clinic
-
Christopher Tulip Shah Ophthalmologist
-
Kirk Albert Murdock Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.48M
Owner & transaction history
725 Highland Oaks LLC · 1 yrs held
725 Highland Oaks LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
GB-S · 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
$1,450,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.50M (Mar 18 2020)
Last sale anchor
$1.50M
Mar 18 2020
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
$43 / 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
$4,038,000
Assessed 2024
Previous assessed
$4,038,000
+0.0% YoY
Assessed improvement
$4,038,000
Improvement market value
$4,038,000
Total market value
$4,038,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
BRICK
Heating
FORCED AIR
Stories
1
Total area
34,060 SF
Lot
1.74 ac (75,794 SF)
Zoning code
GB-S
APN
6814-53-0671.00
UPID
US53-1613138
Jurisdiction
FORSYTH
Zoning & alternative use
GB-S · Winston Salem, NC
Zoning GB-S · permitted uses
GB-S · 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
1997
Construction
BRICK
Heating
FORCED AIR
Stories
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
725 Highland Oaks LLC
Entity
Mailing address
301 S COLLEGE ST, CHARLOTTE, NC 28202-6000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
—
725 Highland Oaks LLC
Robert William Lenfestey
Warranty Deed
$730,000 · First Bank
Sep 26, 2022
—
Morgan Stanley Bank NA
—
Deed
related
$87,893,833 · Morgan Stanley Mortgage Capital Holdings
Feb 24, 2022
—
Exchangeright Net Leased Portfolio
Mra Davidson LLC
Deed
$87,893,833 · Morgan Stanley Bank NA
Feb 24, 2022
$3,891,000
Exchangerigiit Net Leased Portfolio
Mra Davidson LLC
Special Warranty Deed
—
Mar 27, 2020
—
Mra Davidson LLC
—
Deed
related
$1,516,659 · Allegacy FCU
Mar 18, 2020
$1,500,000
Mra Davidson LLC
Watts Living Trust
Warranty Deed
—
Feb 12, 2020
—
Watts Living Trust
William B Watts III
Quitclaim Deed
related
—
Oct 25, 2019
$1,050,000
Robert William Lenfestey
Gt Properties INC
Special Warranty Deed
$840,000 · First National Bank Of Pennsylvania
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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