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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Drug stores
855 Hanes Mall Blvd Winston Salem, NC 27103-5526
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0754678
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
STEEL FRAME
Total area
13,809 SF
Lot
1.29 ac (56,192 SF)
Zoning code
GB
APN
6814-34-1011.00
UPID
US53-0754678
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Thomas A. Edwards, PharmD Pharmacy
-
John R. Setzer, RPh Pharmacy
-
Rachel M. Hupfeld, PharmD Pharmacy
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.66M
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.41M
Owner & transaction history
Highwoods Square Partners LLC · 3 yrs held
Highwoods Square Partners LLC
since 2023
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
GB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+13.7%
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
$2,575,000
ML approach
$2,655,000
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,905,000
Current use
MEDICAL BUILDING
$2,170,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,785,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.13M (Jun 5 2023)
Last sale anchor
$2.13M
Jun 5 2023
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
$175 / 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
$44,585
Tax year 2024
Assessed value
$3,628,400
Assessed 2024
Previous assessed
$3,628,400
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,483,500
Assessed improvement
$2,144,900
Land market value
$1,483,500
Improvement market value
$2,144,900
Total market value
$3,628,400
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
13,809 SF
Lot
1.29 ac (56,192 SF)
Zoning code
GB
APN
6814-34-1011.00
UPID
US53-0754678
Jurisdiction
FORSYTH
Zoning & alternative use
GB · Winston Salem, NC
Zoning 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
Winston Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2005
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Highwoods Square Partners LLC
Entity
Mailing address
3017 W GATE CITY BLVD, GREENSBORO, NC 27403-3655
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
$6,400,000
Highwoods Square Partners LLC
Hanes Mall Boulevard Retail Partner
Special Warranty Deed
$4,480,000 · Carter Bank & Trust
Apr 30, 2013
—
Mall Boulevard Retail Pt Hanes
—
Deed Of Trust
related
$7,450,000 · Mc-five Mile Com'l Mtg Finance
Nov 2, 2009
$4,231,000
Hanes Mall Boulevard Retail
Highwoods Realty
Grant Deed
—
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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