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    390 W Salem Ave Winston-Salem, NC

    For Sale
    $3,425,000

    100% leased medical office building with strong credit tenant.

    Property size:
    9,712 SF
    Lot size:
    0.29 Acres

    Property Features for 390 W Salem Ave

    General Information

    Size
    9,712 SF
    Lot size
    0.29 Acres

    Source: Flagship Healthcare Properties Agent Tiffany Slayden

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

    Overview

    Leased Medical Office Building

    This 9,712 square foot medical office building is located in Winston-Salem, North Carolina, the headquarters of Novant Health, Inc. The property is 100% leased to a tenant whose parent company, Novant Health, Inc., has an AA- credit rating with S&P Global. The stabilized first-year net operating income (NOI) for 2025 is projected to be $206,551. The property is less than 4 miles from Novant Health Forsyth Medical Center.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    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?
    Medical office - 100% leased medical office building with strong credit tenant.
    Where is this medical office located?
    The property is located at 390 W Salem Ave Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $3,425,000.
    What are key features of this property?
    This property features: - 100% Leased Medical Office Building with a stabilized 1st year NOI (2025) of $206,551.; - Strong credit tenant with parent company (Novant Health, Inc.) having an AA- credit rating with S&P Global.; - Located in Winston-Salem, NC, the headquarters of Novant Health, Inc.
    (704) 906-9699
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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
    390 W Salem Ave Winston-Salem, NC
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