Office
1240 Churton Street Winston-Salem, Winston Salem, NC 27103
For Sale
$219,900
The property includes dedicated on-site parking and a lower level previously used as a hair salon.
Property Size1,261 SF
Price / SF$174.39
Days on Market46
Property Features for 1240 Churton Street Winston-Salem
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Condition
Highway Access
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty Elite
(336) 283-8691
Listed By:
Donna Prow
(336) 345-1555
Source:
Grayfrancerealty
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 6 at 2:31PM
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 Keller Williams Realty Elite
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Configured for professional office use, the building dates to 1963 and requires updating. It is offered in as-is condition. The lower level, formerly used as a hair salon, is vacant, and the property has no current leases.
Dedicated parking is available on site, with access to major highways and nearby shopping, dining, and professional services.
Dedicated parking is available on site, with access to major highways and nearby shopping, dining, and professional services.
Key Highlights
- Dedicated on‑site parking
- Lower level previously used as a hair salon; currently vacant
- No active leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,977
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,540
$299.5K
Cap Rate 7%
$213,957
$214.0K
Cap Rate 9%
$166,411
$166.4K
Market Conditions
NOI Build-Up for 1,261 SF
Gross rent
$25.1K $19.92/SF
− Vacancy
−$5.1K −$4.08/SF
EGI
$20.0K $15.84/SF
− OpEx
−$5.0K −$3.96/SF
NOI
$15.0K $11.88/SF
Area
Forsyth County, NC
Vacancy
20.50%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,540
Cap Rate 7%
$213,957
Cap Rate 9%
$166,411
Alternative Uses
Best Use
Office B
$214.0K
$187.2K – $249.6K
NOI $14,977 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 27103, NC
36,023
Population
17,884
Households
2
Avg Household Size
39
Median Age
41%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,937
Density / Sq Mi
$66,582
Median Household Income
$40,498
Median Earnings
$1,113
Median Rent
$220,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The property includes dedicated on-site parking and a lower level previously used as a hair salon.
Where is this office building located?
The property is located at 1240 Churton Street Winston-Salem Winston Salem, NC.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Dedicated on‑site parking; Lower level previously used as a hair salon; currently vacant; No active leases
