Two-Story Flex Space with Bay
For Sale
$1,250,000
610 N Liberty Street, Winston Salem, NC 27101
Renovated two-level commercial space configured for gym operations with on-site parking and shower-equipped restrooms.
Property Size8,374 SF
Price / SF$149.27
Days on Market114
Property Features for 610 N Liberty Street
General Information
Standard status
Active
Size
8,374 SF
Property subtype
Retail
Building Details
Building Size
8,374 SF
Year Built
1922
Year Renovated
2014
Stories
2
Listed By:
Taryne Seatz
(828) 406-6858
Source:
Ltpcommercial
Added: Jun 25
Changed: Oct 6
Last Checked: Oct 16 at 7:06AM
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 Taryne Seatz
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Investment Insights
Based on property information with market context.
Located at 610 N. Liberty Street in downtown Winston-Salem, this ±8,374 SF commercial building combines a flexible interior with existing fitness-oriented improvements. The property was built in 1922 and renovated in 2014, and its current layout spans two floors with a bay door, separate men’s and women’s restrooms, dual showers in each, and on-site parking.
The building is presently arranged for gym use and offers an open configuration that can be adapted for retail, office, fitness, creative, or mixed-use applications. The property information also identifies potential for an apartment-and-office combination. Its downtown setting places the asset within Winston-Salem’s central commercial area.
The building is presently arranged for gym use and offers an open configuration that can be adapted for retail, office, fitness, creative, or mixed-use applications. The property information also identifies potential for an apartment-and-office combination. Its downtown setting places the asset within Winston-Salem’s central commercial area.
Key Highlights
- ±8,374 SF building in downtown Winston‑Salem
- Built in 1922 and renovated in 2014
- Two‑floor layout with open, adaptable interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,628
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,560
$892.6K
Cap Rate 7%
$637,543
$637.5K
Cap Rate 9%
$495,867
$495.9K
Market Conditions
NOI Build-Up for 8,374 SF
Gross rent
$75.4K $9.00/SF
− Vacancy
−$6.7K −$0.80/SF
EGI
$68.7K $8.20/SF
− OpEx
−$24.0K −$2.87/SF
NOI
$44.6K $5.33/SF
Area
Forsyth County, NC
Vacancy
8.90%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,560
Cap Rate 7%
$637,543
Cap Rate 9%
$495,867
Alternative Uses
Best Use
Flex RnD
$637.5K
$557.9K – $743.8K
NOI $44,628 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$632.2K
$553.2K – $737.6K
NOI $44,254 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$2.16M
$1.89M – $2.52M
NOI $151,431 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,738
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- I'm About Food — 102 W 3rd St # Lp5, Winston-Salem, NC 27101
- Mise en Place — 409 Trade St NW, Winston-Salem, NC 27101
- Bunny's Fine Foods — 411 4th St E, Winston-Salem, NC 27101
Frequently Asked Questions
What type of property is this?
Flex space - Renovated two-level commercial space configured for gym operations with on-site parking and shower-equipped restrooms.
Where is this flex space located?
The property is located at 610 N Liberty Street Winston Salem, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: ±8,374 SF building in downtown Winston‑Salem; Built in 1922 and renovated in 2014; Two‑floor layout with open, adaptable interior
