Historic Mixed-Use
For Sale
$1,950,000
131 W 4th Street, Winston Salem, NC 27101
Street-level corner retail space is paired with unfinished upper-level areas for office or creative use.
Property Size14,809 SF
Days on Market113
Property Features for 131 W 4th Street
General Information
Standard status
Active
Size
14,809 SF
Property subtype
Office
Additional Details
Corner Location
Yes
Building Details
Building Size
14,809 SF
Year Built
1907
Buildings
1
Listed By:
Dom Maggio
(443) 540-9293
Source:
Ltpcommercial
Added: Jun 25
Changed: Oct 15
Last Checked: Oct 14 at 10:05PM
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 Dom Maggio
Investment Insights
Based on property information with market context.
Constructed in 1907, this multi-story mixed-use property combines street-level retail space with open shell areas on the floors above. The corner storefront provides a visible commercial presence, while the upper levels offer unfinished space suited to flexible office, studio, or service-oriented configurations.
Known as The Arcade Building, the property is located at 131 W. 4th Street in downtown Winston-Salem, North Carolina. Its existing retail-and-office layout supports a range of commercial occupancy concepts within a central urban setting.
Known as The Arcade Building, the property is located at 131 W. 4th Street in downtown Winston-Salem, North Carolina. Its existing retail-and-office layout supports a range of commercial occupancy concepts within a central urban setting.
Key Highlights
- Constructed in 1907
- Corner storefront at street level
- Open shell spaces on upper floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,891
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,517,820
$3.5M
Cap Rate 7%
$2,512,729
$2.5M
Cap Rate 9%
$1,954,344
$2.0M
Market Conditions
NOI Build-Up for 14,809 SF
Gross rent
$295.0K $19.92/SF
− Vacancy
−$60.5K −$4.08/SF
EGI
$234.5K $15.84/SF
− OpEx
−$58.6K −$3.96/SF
NOI
$175.9K $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%
$3,517,820
Cap Rate 7%
$2,512,729
Cap Rate 9%
$1,954,344
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,891 @ 7.0% cap · market cap 9.02%
Second Best
Retail
$2.32M
$2.03M – $2.70M
NOI $162,189 @ 7.0% cap · market cap 8.32%
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.46M
NOI $267,799 @ 7.0% cap · market cap 13.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,891
Businesses Nearby
Explore this area
Business Placement
Demographics for 27101, NC
21,654
Population
11,958
Households
1.8
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
12.5 sq mi
ZIP Area
1,732
Density / Sq Mi
$44,611
Median Household Income
$34,278
Median Earnings
$970
Median Rent
$201,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level corner retail space is paired with unfinished upper-level areas for office or creative use.
Where is this mixed-use property located?
The property is located at 131 W 4th Street Winston Salem, NC.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Constructed in 1907; Corner storefront at street level; Open shell spaces on upper floors
