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Property profile & analytics
OFF-MARKET
Estimated value
$26,295,000
Office Spaces
809 4th 1st St Winston Salem, NC 27101
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-0530512
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
CONCRETE
Total area
371,331 SF
Lot
1.49 ac (64,904 SF)
Zoning code
GO
APN
6825-97-1093.00
UPID
US53-0530512
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.95M
Blend (final)
Blend
$26.30M
Owner & transaction history
Bmes Winston Salem LLC
Bmes Winston Salem LLC
since 2026
Last sale
$19.1M
7 recorded transactions
Zoning & alternative use
GO · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GO District is primarily intended to accommodate high intensity office uses and supporting services, as well as intermediate-density residential uses
Zone name
General Office
General category
RESIDENTIAL
Zone area
281.70 ac
Source
Realmo
Top alternative use upside
Retail stores
$42.0M
+4.1%
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
COMMERCIAL (GENERAL)
$40,380,000
Current use
RETAIL STORES
$42,035,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$26.30M
Range $23.67M – $28.92M · ±10% · vs last sale $19.05M (Jan 20 2026)
Last sale anchor
$19.05M
Jan 20 2026
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
$71 / 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
$399,861
Tax year 2024
Assessed value
$28,504,500
Assessed 2024
Previous assessed
$28,504,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$883,300
Assessed improvement
$27,621,200
Land market value
$883,300
Improvement market value
$27,621,200
Total market value
$28,504,500
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
1984
Construction
CONCRETE
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Stories
4
Total area
371,331 SF
Lot
1.49 ac (64,904 SF)
Zoning code
GO
APN
6825-97-1093.00
UPID
US53-0530512
Jurisdiction
FORSYTH
Zoning & alternative use
GO · Winston Salem, NCZoning GO · permitted uses
GO · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GO District is primarily intended to accommodate high intensity office uses and supporting services, as well as intermediate-density residential uses
Zone name
General Office
General category
RESIDENTIAL
Zone area
281.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$40.4M
RETAIL STORES
Est. value
$42.0M
COMMERCIAL (GENERAL) Current
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
1984
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
4
Lot
1.49 ac
Current owner
From public records · entity-resolved
Bmes Winston Salem LLC
Entity
Free & Clear · 0 yrs held
Mailing address
18851 NE 29TH AVE STE #303, MIAMI, FL 33180-2813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2026
—
Bmes Winston Salem LLC
Mikeone Ek 801 West LLC
Warranty Deed
—
Jan 20, 2026
$19,050,000
Bmes Winston Salem LLC
Mikeone Ek 801 West LLC
Special Warranty Deed
—
Feb 12, 2015
$31,200,000
Mikeone Ek 809 West LLC
Nfr Ecp I-3362 West End Center
Grant Deed
$20,000,000 · Pillar Multifamily
Mar 25, 2013
$28,028,000
Nfr Ecp I-3362 West End Center
First States Invtrs 3300 B LP
Grant Deed
—
Mar 25, 2013
—
Nfr Ecp I-3362 West End Center
—
Deed Of Trust
related
$183,500,000 · Pb Capital Corp
Apr 16, 2008
—
First States Investors 3300 B LP
First States Investors 3300 LLC
Special Warranty Deed
—
—
—
Mikeone Ek Atl Ops Center Ll|mikeone Ek 801 West L
—
Loan Modification
related
$37,000,000 · Pillar Multifamily
—
—
Mikeone Ek Atl Ops Center Ll|mikeone Ek 801 West L
—
Loan Modification
related
$37,000,000 · Pillar Multifamily
—
—
Mikeone Ek Atl Ops Center Ll|mikeone Ek 801 West L
—
Loan Modification
related
$37,000,000 · Pillar Multifamily
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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