Renovated Office Buildings
For Sale
Contact for pricing
3041-3051 Trenwest Dr, Winston Salem, NC 27103
Two recently renovated office buildings with new HVAC, plumbing, electrical, and roof systems, offering professional and medical use options.
Property Size9,846 SF
Price / SF$396.10
Days on Market175
Property Features for 3041-3051 Trenwest Dr
General Information
Standard status
Active
Size
9,846 SF
Property subtype
OFFICE
Listing Agency:
Freeman Commercial Real Estate
(336) 768-4410
Listed By:
Jay Luke
(336) 816-3993
Source:
Moodyscre
Added: Mar 24
Changed: Sep 12
Last Checked: Sep 13 at 10:07AM
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 Freeman Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering includes two recently renovated office buildings with all new HVAC, plumbing, electrical, and roof. The property is positioned to support professional environments, with potential uses also listed for lab production and medical office operations.
The buildings are located off S Stratford Rd, within 2 miles of Novant Health Forsyth Medical Center and Wake Forest Baptist Medical Center. Those facilities employ 9,320 and 14,000 people, respectively.
With the extensive building systems upgrades already completed, the property is well-suited for tenants seeking turnkey, updated office space with flexibility for office and medical-related uses.
The buildings are located off S Stratford Rd, within 2 miles of Novant Health Forsyth Medical Center and Wake Forest Baptist Medical Center. Those facilities employ 9,320 and 14,000 people, respectively.
With the extensive building systems upgrades already completed, the property is well-suited for tenants seeking turnkey, updated office space with flexibility for office and medical-related uses.
Key Highlights
- Two recently renovated office buildings with all new HVAC, plumbing, electrical, and roof systems
- Off S Stratford Rd
- Within 2 miles of Novant Health Forsyth Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,944
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,338,880
$2.3M
Cap Rate 7%
$1,670,629
$1.7M
Cap Rate 9%
$1,299,378
$1.3M
Market Conditions
NOI Build-Up for 9,846 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$196.1K $19.92/SF
− Vacancy
−$40.2K −$4.08/SF
EGI
$155.9K $15.84/SF
− OpEx
−$39.0K −$3.96/SF
NOI
$116.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,338,880
Cap Rate 7%
$1,670,629
Cap Rate 9%
$1,299,378
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $116,944 @ 7.0% cap · market cap 3.00%
Second Best
Healthcare Medical
$1.66M
$1.45M – $1.94M
NOI $116,109 @ 7.0% cap · market cap 2.98%
Theoretical Best
Specialty Retail
$2.54M
$2.23M – $2.97M
NOI $178,050 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,912
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two recently renovated office buildings with new HVAC, plumbing, electrical, and roof systems, offering professional and medical use options.
Where is this office building located?
The property is located at 3041-3051 Trenwest Dr Winston Salem, NC.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Two recently renovated office buildings with all new HVAC, plumbing, electrical, and roof systems; Off S Stratford Rd; Within 2 miles of Novant Health Forsyth Medical Center
