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    603 Peters Crk Pkwy Winston-Salem, NC

    For Lease
    $1.58 SF/Yr ($4,345 /Mo)

    Ground lease opportunity in high-traffic West Salem Shopping Center.

    Property size:
    33,000 SF
    Lot size:
    7.70 Acres

    Property Features for 603 Peters Crk Pkwy

    General Information

    Size
    33,000 SF
    Lot size
    7.70 Acres

    Source: Hubbard Realty Agent Cassie Taylor

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

    Overview

    West Salem Ground Lease Opportunity

    This ground lease opportunity is located in the West Salem Shopping Center. The site benefits from high traffic and proximity to Truist Stadium. It adjoins a mixed-use major development. The proposed site is approximately 33,000 square feet. It is suitable for a drive-thru restaurant or other HB uses. The lease rate is $1.58 per square foot for a footprint to be determined.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2042436
    Latitude
    36.105232

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    FAQs

    What type of property is this?
    Commercial land - Ground lease opportunity in high-traffic West Salem Shopping Center.
    Where is this commercial land located?
    The property is located at 603 Peters Crk Pkwy Winston-Salem, NC.
    What is the lease rate?
    The lease rate is $1.58 SF/Yr.
    What are key features of this property?
    This property features: - High traffic location in West Salem Shopping Center.; - Ground lease opportunity.; - Adjacent to mixed-use major development.
    (336) 733-1504
    Request Owner's contact information
    603 Peters Crk Pkwy Winston-Salem, NC
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    Realmo Value Estimation

    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.

    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.

    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
    603 Peters Crk Pkwy Winston-Salem, NC
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