Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    840-848 W 4th St Winston-Salem, NC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic retail and office spaces in downtown Winston-Salem.

    Type:RETAIL
    Property size:
    2,542 SF
    Lot size:
    1.07 Acres
    Added:
    Jan 2, 2025
    Days on Market:
    488
    Last Refresh:
    Apr 5 at 8:08 pm

    Property Features for 840-848 W 4th St

    General Information

    Standard status
    Active
    Size
    2,542 SF
    Lot size
    1.07 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 840-848 W 4th St Contact us

    We can help!

    Listing Contact
    Cassie Taylor
    Cassie Taylor

    Listing agent Cassie Taylor

    Listing office Hubbard Realty

    Listing date Jan 2, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hubbard Realty

    Overview

    Downtown Winston-Salem Retail/Office Space

    Located in downtown Winston-Salem, this property offers retail and office spaces near local shops and dining. The historic spaces are suitable for both office and retail ventures, providing a setting to enhance business operations in a central location. The property is situated on W. Fourth Street, presenting an opportunity for office or retail use. The property size is 2542 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2042
    Latitude
    36.1052

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      NC, Winston-Salem - W Third St

      102 3Rd St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing

      Versatile Commercial Space Near Clemmons

      Industrial-zoned commercial space with flexible layout and convenient location.
      6206 Hackers Bend Court, Winston-Salem, NC 27103
      View Details
    • $5 SF/Yr

      Winston-Salem Warehouse/Distribution Space Available

      Warehouse/distribution space with office, convenient highway access, and fenced storage.
      4929 Home Road Northwest, Winston-Salem, NC, 27106
      View Details
    • Contact for pricing

      St. George Square

      615 St. George Sq Ct, Unit 300, Winston-Salem, NC 27103
      View Details
    • Contact for pricing

      Retail Space Near Medical Centers

      Retail space near hospitals and Whole Foods.
      55 Miller Street, Winston-Salem, NC 27104
      View Details
    • $18 SF/Yr

      Retail/Office Space Available For Lease

      9294 SF retail or office space available October 1, 2025.
      545 Power Plant Cir, Winston-Salem, NC
      View Details
    • $21 SF/Yr

      Stratford Road Office Space Available

      Office spaces available for lease on Stratford Road.
      514 S Stratford Rd, Winston-Salem, NC
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office tower with unparalleled amenities in Winston-Salem.
      100 North Main Street, Winston-Salem, NC, 27101
      View Details
    • Contact for pricing

      Freestanding Restaurant Building with Drive-Thru

      4,178 SF freestanding restaurant building with drive-thru for lease.
      4684 North Patterson Avenue, Winston-Salem, NC, 27105
      View Details
    • $17 SF/Yr

      Medical/Office Space For Lease

      Medical/Office space available for lease near hospitals and major retail.
      150 Charlois Blvd, Winston-Salem, NC
      View Details
    • $25 SF/Yr

      First-Floor Office Suite For Rent

      Well-appointed office suite suitable for professional or medical use.
      1598 Westbrook Plaza Dr, Winston-Salem, NC
      View Details
    • $1,450/Mo

      Suburban Office Space Available

      Office space for rent in convenient location near I-40.
      3410 Healy Dr, Winston-Salem, NC
      View Details

    FAQs

    What type of property is this?
    Retail space - Historic retail and office spaces in downtown Winston-Salem.
    Where is this retail space located?
    The property is located at 840-848 W 4th St Winston-Salem, NC.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Winston‑Salem location on W. Fourth Street; Suitable for both office and retail ventures; Steps away from local shops and dining
    (336) 733-1504 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cassie Taylor
    Cassie Taylor
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    840-848 W 4th St, Winston-Salem, NC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!