Renovated Office/Retail Space with
361 W End Blvd Winston Salem, NC 27101
361 W End Blvd, Winston Salem, NC, 27101
$450,000
For Sale
$450,000
361 W End Blvd
Property Size1,752 SF
Lot Size0.15 Acres
Price / SF$256.85
Days on Market192
Property Features for 361 W End Blvd
General Information
- Standard status
- Active
- Property type
- Mixed-use properties
- Size
- 1,752 SF
- Net Rentable
- 1,752 SF
- Class
- C
- Total Parking Spaces
- 8
- Elevators
- No
- Lot size
- 0.15 Acres
- Occupancy
- 55%
- Investment Type
- Owner User
Building Details
- Year Built
- 1928
- Year Renovated
- 2016
- Buildings
- 1
- Stories
- 2
- Units
- 2
Listing Office
(336) 310-5915
Listed by
Jared
(336) 310-5915
Added: Jan 7 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
This completely renovated office/retail space is situated in the historic West End neighborhood. The property, zoned Pedestrian Business (PB), allows for commercial, residential, and live/work usage. The upper level provides 840 square feet of renovated space, featuring multiple offices, new paint, refinished hardwood floors, natural light, and a small outdoor patio. It includes a private suite, locked off from the lower level, with its own entrance and bathroom. The property benefits from on-site parking spaces and signage. The location is minutes from Hanes Park and downtown Winston-Salem. The property has a lot size of 0.15 acres and a total size of 1752 square feet. The lower level has been used as a short-term rental for 2.5 years with a documented rental history.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.5k | $18.00 |
| − Vacancy | −$3.2k | −$1.80 |
| EGI | $28.4k | $16.20 |
| − OpEx | −$10.6k | −$6.07 |
| NOI | $17.7k | $10.13 |
1,752 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$253.4K
$221.7K – $295.7K
NOI $17,739 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$452.6K
$396.0K – $528.0K
NOI $31,682 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triad Property Investors
Property Investment Company
My Living Room
Hair Salon
QAH Group LLC
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 361 W End Blvd
Where is this mixed-use property located?
The property is located at 361 W End Blvd Winston Salem, NC.
What is the asking price?
The asking price for this property is $450,000.
