61 Miller St, Winston-Salem, NC 27104
Office property for sale, conveniently located near retail.
- Added:
- Aug 12, 2024
- Days on Market:
- 668
- Last Refresh:
- May 12 at 9:47 pm
Property Features for 61 Miller St
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Property subtype
- Office, Retail
Listing agent JJ Joubran, CCIM, SIOR License #NC 198904
Listing office Joubran Commercial Properties
Listing date Aug 12, 2024
Source Crexi
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 Joubran Commercial Properties
HighLights
- Convenient location on Miller Street.
- Zoned General Business.
- Formerly occupied as an Office.
- Located behind Whole Foods.
- Located across from Publix.
- Ready to occupy.
Overview
Local Financial Insights For Office B
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 | $33.0k | $16.20 |
| − Vacancy | −$6.7k | −$3.29 |
| EGI | $26.3k | $12.91 |
| − OpEx | −$6.6k | −$3.23 |
| NOI | $19.8k | $9.68 |
Alternative Uses
Current Use by Public Records
Map
- City
- Winston-Salem
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.3215
- Latitude
- 36.0956
