Seven-Unit Neighborhood Retail
3068 Trenwest Dr, Winston-Salem, NC 27103
For Sale
Contact for pricing
Six suites are leased to service-oriented businesses, with city water and sewer serving the property.
Property Size7,068 SF
Price / SF$233.45
Days on Market11
Property Features for 3068 Trenwest Dr
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Tenant in Place
Building Details
Tenancy
Listing Agency:
Kent Hunter Realty
Listed By:
Kent Hunter · License #268274
(336) 682-4075
Source:
Moodyscre
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 3:04PM
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 Kent Hunter Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This neighborhood retail center contains 7 units across 7,068 square feet. Six spaces are leased to service businesses, including salon, nail, beauty, jewelry, nutrition, and bakery uses; one unit is not identified as leased. City water and sewer serve the property.
The center is at 3068 Trenwest Dr in Winston-Salem, near the Novant Health medical campus. Current leases provide for 10% rent increases every 2 years. A lease for a double unit is pending, which is projected to increase gross rent by 36% to $121,686.
The center is at 3068 Trenwest Dr in Winston-Salem, near the Novant Health medical campus. Current leases provide for 10% rent increases every 2 years. A lease for a double unit is pending, which is projected to increase gross rent by 36% to $121,686.
Key Highlights
- 7‑unit neighborhood retail center totaling 7,068 square feet
- Six of seven spaces leased to service tenants
- Tenants include salon, nail, beauty, jewelry, nutrition, and bakery businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,409
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,548,180
$1.5M
Cap Rate 7%
$1,105,843
$1.1M
Cap Rate 9%
$860,100
$860.1K
Market Conditions
NOI Build-Up for 7,068 SF
Gross rent
$113.7K $16.08/SF
− Vacancy
−$3.1K −$0.43/SF
EGI
$110.6K $15.65/SF
− OpEx
−$33.2K −$4.69/SF
NOI
$77.4K $10.95/SF
Area
Winston-Salem, NC
Vacancy
2.70%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,548,180
Cap Rate 7%
$1,105,843
Cap Rate 9%
$860,100
Alternative Uses
Best Use
Retail
$1.11M
$967.6K – $1.29M
NOI $77,409 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,393 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
233k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 59%
Home Improvements & Furnishings 22%
Apparel 17%
Shops & Services 3%
Costco Wholesale
Superstores
115,816 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
50,424 visits/mo
0.5 miles
Ross Dress for Less
Apparel
39,407 visits/mo
0.4 miles
Big Lots
Superstores
20,825 visits/mo
0.5 miles
Speedway
Shops & Services
6,861 visits/mo
0.3 miles
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 Retail in South region
Similar Off Market Nearby
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- Highwoods Square — 855 Hanes Mall Blvd, Winston-Salem, NC 27103
- Hanes Commons Shopping Center — 1033 Hanes Mall Blvd, Winston-Salem, NC 27103
- Shoppes on Little Creek — creekshire way, winston-salem, nc 27103
Frequently Asked Questions
What type of property is this?
Shopping center - Six suites are leased to service-oriented businesses, with city water and sewer serving the property.
Where is this shopping center located?
The property is located at 3068 Trenwest Dr Winston-Salem, NC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 7‑unit neighborhood retail center totaling 7,068 square feet; Six of seven spaces leased to service tenants; Tenants include salon, nail, beauty, jewelry, nutrition, and bakery businesses
