Restaurant Property on
For Sale
$975,000
3870 Bethania Station Rd Winston-Salem, Winston Salem, NC 27106
Two tax parcels comprise an approximately 35-acre offering, subject to survey and current zoning and restrictions.
Property Size3,200 SF
Lot Size35.00 Acres
Price / SF$304.69
Days on Market73
Property Features for 3870 Bethania Station Rd Winston-Salem
General Information
Standard status
Active
Size
3,200 SF
Lot size
35.00 Acres
Property subtype
Business Opportunity
Building Details
Year Built
1995
Listing Agency:
Franklin Street Realty
Listed By:
Bill Bracey
(919) 619-2160
Source:
Tcrnc
Added: Aug 4
Changed: Oct 3
Last Checked: Oct 7 at 3:06PM
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 Franklin Street Realty
Investment Insights
Based on property information with market context.
This conventional restaurant offering includes two tax parcels totaling approximately 35 acres, subject to survey. The property is associated with a 1995 year-built improvement, while the available property-size figure is not used because its unit is unspecified.
The site is located at 3870 Bethania Station Rd in Winston Salem, NC 27106. Potential directions identified for the property include event space, a farm-to-table restaurant, a brewery, or conversion to a par-three golf course, all subject to current zoning and applicable restrictions.
The site is located at 3870 Bethania Station Rd in Winston Salem, NC 27106. Potential directions identified for the property include event space, a farm-to-table restaurant, a brewery, or conversion to a par-three golf course, all subject to current zoning and applicable restrictions.
Key Highlights
- Two tax parcels included in the offering
- Approximately 35 acres total, subject to survey
- Conventional restaurant property classification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,867
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,340
$1.2M
Cap Rate 7%
$826,671
$826.7K
Cap Rate 9%
$642,967
$643.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$79.9K $24.96/SF
− Vacancy
−$2.7K −$0.85/SF
EGI
$77.2K $24.11/SF
− OpEx
−$19.3K −$6.03/SF
NOI
$57.9K $18.08/SF
Area
Forsyth County, NC
Vacancy
3.40%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,340
Cap Rate 7%
$826,671
Cap Rate 9%
$642,967
Alternative Uses
Best Use
Specialty Retail
$826.7K
$723.3K – $964.5K
NOI $57,867 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27106, NC
49,115
Population
22,491
Households
2.2
Avg Household Size
38
Median Age
48%
College-Educated
92%
High-School Grad
28.5 sq mi
ZIP Area
1,723
Density / Sq Mi
$66,091
Median Household Income
$37,094
Median Earnings
$1,090
Median Rent
$286,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two tax parcels comprise an approximately 35-acre offering, subject to survey and current zoning and restrictions.
Where is this conventional restaurant located?
The property is located at 3870 Bethania Station Rd Winston-Salem 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: Two tax parcels included in the offering; Approximately 35 acres total, subject to survey; Conventional restaurant property classification
