Renovated Office/Retail Space with
For Sale
$450,000
361 W End Blvd, Winston Salem, NC 27101
361 W End Blvd
Property Size1,752 SF
Lot Size0.15 Acres
Price / SF$256.85
Days on Market284
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
Listed By:
Jared Rogers
(336) 310-5915
Added: Jan 7
Changed: Mar 16
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.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,739
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,780
$354.8K
Cap Rate 7%
$253,414
$253.4K
Cap Rate 9%
$197,100
$197.1K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$31.5K $18.00/SF
− Vacancy
−$3.2K −$1.80/SF
EGI
$28.4K $16.20/SF
− OpEx
−$10.6K −$6.07/SF
NOI
$17.7K $10.13/SF
Area
Forsyth County, NC
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,780
Cap Rate 7%
$253,414
Cap Rate 9%
$197,100
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,544
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
View Realmo Analytics
Frequently Asked Questions
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.
