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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Auto shops
744 Peters Crk Pkwy Winston Salem, NC 27103-3873
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1755169
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully leased, two-story auto service facility totaling 8,000 square feet situated on a 0.61-acre lot at 744 Peters Creek Pkwy in Winston-Salem, North Carolina. The property boasts 17 bays (9 upper, 8 lower) and enjoys 100% occupancy, generating a strong 7.00% cap rate at an asking price of $825,000. Its prime location on Peters Creek Parkway provides excellent visibility and accessibility, benefiting from high traffic counts: 38,000 vehicles per day (VPD) on Peters Creek Parkway itself, complemented by 122,000 VPD on I-40 and 71,000 VPD on Highway 421. This strategic positioning ensures consistent customer flow and strong rental income. The single-tenant building offers a stable investment with significant potential for future appreciation. The property's robust performance and desirable location make it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a high-performing, income-producing asset in a thriving market. The property is zoned for auto repair and is a single-building, two-story structure. Forsyth County location and 27103 zip code.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Construction
BRICK
Total area
8,000 SF
Lot
0.61 ac (26,572 SF)
Zoning code
HB
APN
6825-80-0356.00
UPID
US53-1755169
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
-
XPEL of the Triad Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$464k
Blend (final)
Blend
$775k
Owner & transaction history
Peters Creek Properties LLC · 1 yrs held
Peters Creek Properties LLC
since 2025
Last sale
$775,000
2 recorded transactions
Zoning & alternative use
HB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+21.4%
Retail stores
$1.1M
+6.8%
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
$835,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,035,000
Current use
MEDICAL BUILDING
$1,255,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $775k (Mar 31 2025)
Last sale anchor
$775k
Mar 31 2025
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
$97 / 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
$5,448
Tax year 2023
Assessed value
$406,900
Assessed 2024
Previous assessed
$406,900
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$160,300
Assessed improvement
$246,600
Land market value
$160,300
Improvement market value
$246,600
Total market value
$406,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
8,000 SF
Lot
0.61 ac (26,572 SF)
Zoning code
HB
APN
6825-80-0356.00
UPID
US53-1755169
Jurisdiction
FORSYTH
Zoning & alternative use
HB · Winston Salem, NC
Zoning HB · permitted uses
HB · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
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
1987
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Peters Creek Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8 CHESTNUT HL, WARREN, NJ 07059-5662
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$775,000
Peters Creek Properties LLC
Michael Gelfand
Special Warranty Deed
—
Dec 27, 1999
—
Adrienne Kurman
Kurman,leonard
Quit Claim Deed
related
—
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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