Conventional Restaurant
3870 Bethania Station Road, Winston-Salem, NC
For Sale
$975,000
Commercial Sale, Winston-Salem, NC
Property Size3,200 SF
Lot Size21.77 Acres
Price / SF$304.69
Days on Market145
Property Features for 3870 Bethania Station Road
General Information
Property type
Property subtype
Zoning
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
Franklin Street Realty
(919) 929-7174
Listed By:
Bill Bracey
(919) 619-2160
Added: Jun 18
Changed: Oct 8
Last Checked: Nov 9 at 5:06AM
MLS# 10174937
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 3,200-square-foot building constructed in 1995 with vinyl siding. The offering consists of two tax parcels, with the combined land area subject to survey. The property is located at 3870 Bethania Station Road in Winston-Salem, North Carolina, and is governed by HB-S/RM18/RS9 zoning. Potential directions identified for the site include event space, a farm-to-table restaurant, or a brewery, subject to applicable zoning and restrictions. The property may also be converted back to a historic par-three golf course use, subject to the same conditions.
Key Highlights
- 3,200‑square‑foot restaurant building
- Two tax parcels included; combined area subject to survey
- Constructed in 1995 with vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,550
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,000
$751.0K
Cap Rate 7%
$536,429
$536.4K
Cap Rate 9%
$417,222
$417.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$51.5K $16.08/SF
− Vacancy
−$1.4K −$0.43/SF
EGI
$50.1K $15.65/SF
− OpEx
−$12.5K −$3.91/SF
NOI
$37.6K $11.73/SF
Area
Winston-Salem, NC
Vacancy
2.70%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,000
Cap Rate 7%
$536,429
Cap Rate 9%
$417,222
Alternative Uses
Best Use
Specialty Retail
$536.4K
$469.4K – $625.8K
NOI $37,550 @ 7.0% cap · market cap 3.85%
Second Best
Industrial
$265.2K
$232.1K – $309.5K
NOI $18,567 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,378 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Under-served
Demand for This Use
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two tax parcels accompany the restaurant building, with future use subject to current zoning and restrictions.
Where is this conventional restaurant located?
The property is located at 3870 Bethania Station Road Winston-Salem, NC.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 3,200‑square‑foot restaurant building; Two tax parcels included; combined area subject to survey; Constructed in 1995 with vinyl siding
