Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5610 University Pkwy Winston Salem, NC 27105

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Newly renovated NNN leased retail property near Wake Forest University.

    Lot size:
    43.00 Acres

    Property Features for 5610 University Pkwy

    General Information

    Lot size
    43.00 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Joe Caccamo
    Joe Caccamo
    Source: Cppcre

    Listing Agent: Joe Caccamo

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

    Learn more

    Property Insight Report

    Overview

    University Parkway Retail Opportunity

    This newly renovated property is a relocation site for Piedmont Advantage Credit Union (PACU), headquartered in Winston-Salem. PACU had $351 million in deposits at the end of Q1 2025. The property is located on University Parkway, a main retail thoroughfare with a traffic volume of 33,146 vehicles per day. It is situated in the fast-growing Winston-Salem market, which has 104,340 residents within a 5-mile radius. Piedmont Advantage Credit Union had $395 million in assets and $20.6 million in equity capital at the end of Q1 2025. The property features a new 12-year absolute NNN lease with 2% annual rent increases and two 4-year options. The lease has zero landlord maintenance or expense obligations. The property is located close to Wake Forest University (3 miles) and adjacent to ALDI, Discount Tire, and North Forsyth High School. It is across from the Grand Winston-Salem (IMAX) theater and surrounded by office buildings, hotels, retail, and residential neighborhoods. Nearby are a Walmart Supercenter, Target, Chipotle, Aspen Dental, Lowe’s, Home Depot, Sam’s Club, Jiffy Lube, Subway, Wendy’s, and auto dealerships.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2766312
    Latitude
    36.1740111

    Nearby Similar for Sale

    • $599,000
      16,991 SF

      Winston-Salem Church/Commercial Redevelopment Opportunity

      Large Winston-Salem church/commercial building on 1.04 acres for sale.
      1800 N Liberty St, Winston Salem, NC 27105
      View Details
    • $720,000

      Winston-Salem Multifamily Investment Opportunity

      Eight-unit multifamily portfolio in Winston-Salem's high-growth rental market.
      2810 Carriage Dr, Winston Salem, NC 27106
      View Details
    • $1,199,000
      2.00 Acres

      Winston-Salem Light Industrial Opportunity

      Commercial/Light Industrial property with highway access and tenant occupancy.
      12394 Nc Highway 150, Winston Salem, NC 27127
      View Details
    • Contact for pricing

      Winston-Salem Specialty Property Opportunity

      Specialty property with value-add potential in growing Winston-Salem submarket.
      1000 Crowne Oaks Cir, Winston Salem, NC 27106
      View Details
    • $1,300,000

      East Winston Fully Occupied Multifamily

      Fully occupied 10-unit multifamily property in East Winston.
      1401 E 5Th St, Winston Salem, NC 27101
      View Details
    • $1,500,000

      Commercial Property on Robinhood Road

      Commercial property with high traffic, dual access, and ample parking.
      3449 Robinhood Rd, Winston Salem, NC 27106
      View Details
    • $1,500,000

      Robinhood Road Commercial Property Available

      Commercial property with high traffic, ample parking, and dual access.
      3449 Robinhood Rd, Winston Salem, NC 27106
      View Details
    • Contact for pricing

      Downtown Winston-Salem Office Space

      Office space in downtown Winston-Salem suitable for small businesses.
      406 E 4Th St, Winston Salem, NC 27101
      View Details
    • Contact for pricing

      Retail Building with Long-Term Lease

      Retail building with a long-term lease and built-in rent increases.
      4810 Country Club Rd, Winston Salem, NC 27104
      View Details
    • $450,000
      1,752 SF

      361 W End Blvd

      361 W End Blvd
      361 W End Blvd, Winston Salem, NC 27101
      View Details
    • $425,000
      2,040 SF

      Prime Winston-Salem Office Building

      Vacant, 2,040 SF Office Space, $425,000
      61 Miller St, Winston-Salem, NC 27104
      View Details

    FAQs

    What type of property is this?
    Bank - Newly renovated NNN leased retail property near Wake Forest University.
    Where is this bank located?
    The property is located at 5610 University Pkwy Winston Salem, NC.
    What are key features of this property?
    This property features: - New 12-year absolute NNN lease with zero landlord obligations.; - Enjoy 2% annual rent increases with two (2), 4-year options.; - Located on University Parkway with high traffic volume (33,146 VPD).
    (415) 274-2700
    Request Owner's contact information
    5610 University Pkwy Winston Salem, NC 27105
    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.
    5610 University Pkwy
    Winston Salem, NC 27105
    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
    5610 University Pkwy Winston Salem, NC 27105
    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

    We can help!
    Listing Contact
    Joe Caccamo
    Joe Caccamo
    Real Estate License ID: 01191110
    (415) 274-2700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.