Two-Story Brick
415 N Trade Street, Winston-Salem, NC 27101
For Sale
$699,999
Downtown Winston-Salem space can serve one occupant or accommodate distinct uses on each level.
Property Size4,320 SF
Price / SF$162.04
Days on Market64
Property Features for 415 N Trade Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Opportunity Zone
Sprinkler System
Building Details
Year Built
Year Renovated
Buildings
Stories
Construction
Listing Agency:
eXp Realty
(888) 584-9431
Listed By:
Victoria Mauro
(704) 787-6961
Source:
Alleghanyhighcountryrealty
Added: Sep 7
Changed: Nov 7
Last Checked: Nov 8 at 4:58PM
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 eXp Realty
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 brick-and-block commercial building at 415 N Trade Street contains 4,320 gross square feet across two floors, with 3,912 square feet enclosed. A two-level lobby opening creates the difference between the gross and enclosed areas. The property dates to 1910 and was renovated in 1996. Building systems include forced-air heating and central cooling, with a flat built-up roof. The structure has no elevator or sprinkler system.
Set in Winston-Salem’s Arts District, the property stands on N Trade Street between W 4th and W 5th. It is within a federally designated Qualified Opportunity Zone. There is no on-site parking; public decks and street parking serve the block. The reported zoning is CB WO.
Set in Winston-Salem’s Arts District, the property stands on N Trade Street between W 4th and W 5th. It is within a federally designated Qualified Opportunity Zone. There is no on-site parking; public decks and street parking serve the block. The reported zoning is CB WO.
Key Highlights
- 4,320 gross square feet across two 2,160‑square‑foot floors; 3,912 square feet enclosed
- Built in 1910; renovated in 1996
- Brick‑and‑block construction with forced‑air heat and central cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,313
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,260
$946.3K
Cap Rate 7%
$675,900
$675.9K
Cap Rate 9%
$525,700
$525.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$69.5K $16.08/SF
− Vacancy
−$1.9K −$0.43/SF
EGI
$67.6K $15.65/SF
− OpEx
−$20.3K −$4.69/SF
NOI
$47.3K $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%
$946,260
Cap Rate 7%
$675,900
Cap Rate 9%
$525,700
Alternative Uses
Best Use
Retail
$675.9K
$591.4K – $788.6K
NOI $47,313 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.0K
$698.3K – $931.0K
NOI $55,860 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown Winston-Salem space can serve one occupant or accommodate distinct uses on each level.
Where is this storefront property located?
The property is located at 415 N Trade Street Winston-Salem, NC.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 4,320 gross square feet across two 2,160‑square‑foot floors; 3,912 square feet enclosed; Built in 1910; renovated in 1996; Brick‑and‑block construction with forced‑air heat and central cooling
