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Property profile & analytics
OFF-MARKET
Estimated value
$16,500,000
Office Spaces
7996 Pt Blvd Winston Salem, NC 27106-3265
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-4700147
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1985
Total area
35,142 SF
Lot
3.1 ac (135,036 SF)
Zoning code
GB
APN
6827-46-4217.00
UPID
US53-4700147
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
-
Gramercy Research Group Research Foundation Non-Profit Organization
-
Panoptic Capital Management, LLC Financial Advisor
-
Encore Exchange Medical Billing Service Call Center
-
Diversified Crop Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$16.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.50M
Owner & transaction history
Dcmjw Winston LLC · 1 yrs held
Dcmjw Winston LLC
since 2024
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
GB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GB District is primarily intended to accommodate a wide range of retail, service, and office, and high density residential uses located along thoroughfares in areas which have developed with minimal front setbacks
Zone name
General Business
General category
COMMERCIAL
Zone area
1,202.90 ac
Source
Realmo
Top alternative use upside
Restaurant
$10.5M
+297.8%
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
$16,500,000
ML approach
$16,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,475,000
Change: +298% · Conversion: Difficult
Blend value · Realmo final
$16.50M
Range $14.85M – $18.15M · ±10% · vs last sale $16.50M (Dec 31 2024)
Last sale anchor
$16.50M
Dec 31 2024
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
$470 / 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
Tax billed
$14,894
Tax year 2024
Assessed value
$1,608,200
Assessed 2024
Previous assessed
$1,608,200
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$764,700
Assessed improvement
$843,500
Land market value
$764,700
Improvement market value
$843,500
Total market value
$1,608,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1985
Heating
NONE
Stories
2
Total area
35,142 SF
Lot
3.1 ac (135,036 SF)
Zoning code
GB
APN
6827-46-4217.00
UPID
US53-4700147
Jurisdiction
FORSYTH
Zoning & alternative use
GB · Winston Salem, NCZoning GB · permitted uses
GB · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GB District is primarily intended to accommodate a wide range of retail, service, and office, and high density residential uses located along thoroughfares in areas which have developed with minimal front setbacks
Zone name
General Business
General category
COMMERCIAL
Zone area
1,202.90 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$10.5M
RESTAURANT
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
1985
Heating
NONE
Stories
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
Dcmjw Winston LLC
Entity
Mailing address
PO BOX 1785, KERNERSVILLE, NC 27285-1785
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$16,500,000
Dcmjw Winston LLC
Clarence R Lambe JR
Warranty Deed
$13,200,000 · Clarence R Lambe JR Etal
Feb 22, 2018
$4,200,000
Charis Ucc LLC
North Pointe Boulevard Ho 7990
Grant Deed
—
Feb 22, 2018
$2,289,500
Clarence R Lambe JR
Charis Ucc LLC
Grant Deed
$2,300,000 · Fidelity Bk
Apr 21, 2017
$7,200,000
7990 North Pt Boulevard Holdin
Lucas Kenneth S JR|reva Triad Tic 1 LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Aug 27, 2009
—
Reva Triad Tic 1 LLC
Highwoods Realty
Correction Deed
related
—
Jan 4, 2007
$10,251,500
Reva Triad Tic 1 LLC
Highwoods Realty
Grant Deed
—
Jan 4, 2007
—
Reva Triad Tic 1 LLC
Highwoods Realty
Grant Deed
related
$13,800,000 · Lasalle Bk
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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