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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office Spaces
8011 Pt Blvd Winston Salem, NC 27106-3879
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-5834482
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
WOOD
Total area
10,840 SF
Lot
0.56 ac (24,394 SF)
Zoning code
GB
APN
6827-45-9375.00
UPID
US53-5834482
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
-
Quest Companies Advertising Agency Marketing & Advertising
-
T&C Auto Car Dealership
-
Nu Day Case Management Inc Medical Clinic
-
Akins & Associates Social Service Agency Medical Clinic
-
Intuitive Readings By Myra Life Coach Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$855k
Owner & transaction history
Real People Real Homes LLC · 4 yrs held
Real People Real Homes LLC
since 2022
Last sale
$835,000
4 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
Auto repair, garage
$1.4M
+72.6%
Industrial (general)
$940,000
+15.6%
Warehouse, storage
$835,000
+2.7%
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
$925,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$810,000
Current use
AUTO REPAIR, GARAGE
$1,400,000
Change: +73% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$940,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$835,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $835k (Jul 8 2022)
Last sale anchor
$835k
Jul 8 2022
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
$79 / 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
$8,232
Tax year 2023
Assessed value
$647,300
Assessed 2024
Previous assessed
$647,300
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$191,200
Assessed improvement
$456,100
Land market value
$191,200
Improvement market value
$456,100
Total market value
$647,300
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
10,840 SF
Lot
0.56 ac (24,394 SF)
Zoning code
GB
APN
6827-45-9375.00
UPID
US53-5834482
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
COMMERCIAL (GENERAL) Current
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$835,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1979
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Real People Real Homes LLC
Entity
Mailing address
8011 N PT BLVD STE H, WINSTON SALEM, NC 27106-3244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
$835,000
Real People Real Homes LLC
Robert P Donohoe
Warranty Deed
$680,000 · First Community Bank
Oct 24, 2005
$650,000
Robert P Donohoe
Markim Properties LLC
Warranty Deed
$595,000 · Bank Of America
Mar 28, 2002
$615,000
Markim Properties LLC
John A Griffin & Associates
Grant Deed
$491,200 · Lexington State Bank
—
—
John A Griffin & Associates
—
Deed Of Trust
related
$200,000 · Womble Carlyle Sandridge & Ric
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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