Flex Property with Conditioned
904 S Marshall St, Winston-Salem, NC 27101
For Sale
Contact for pricing
The property combines conditioned warehouse space with parking and zoning that supports a range of business uses.
Property Size9,000 SF
Lot Size0.49 Acres
Price / SF$138.89
Days on Market15
Property Features for 904 S Marshall St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Dock-High Doors
Conditioned Warehouse
Building Details
Building Size
Listing Agency:
Christopher Commercial
Listed By:
Cindy Christopher · License #191681
(336) 926-1411
Source:
Moodyscre
Added: Oct 23
Changed: Nov 6
Last Checked: Nov 6 at 3:43PM
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 Christopher Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains approximately 9,000 square feet, including 4,032 square feet of conditioned warehouse area and one dock-high door. The site totals 0.49 acres and has 13 parking spaces, with potential to add six more. Highway Business and Pedestrian Business zoning is in place.
Nearby destinations include Old Salem, NCSA, and downtown. Salem Bottleworks, Bobby Boy, and East of Texas are across the street. The property is also offered for lease.
Nearby destinations include Old Salem, NCSA, and downtown. Salem Bottleworks, Bobby Boy, and East of Texas are across the street. The property is also offered for lease.
Key Highlights
- Approximately 9,000 square feet, including 4,032 square feet of conditioned warehouse
- One dock‑high door
- 0.49‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,569
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,971,380
$2.0M
Cap Rate 7%
$1,408,129
$1.4M
Cap Rate 9%
$1,095,211
$1.1M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$144.7K $16.08/SF
− Vacancy
−$3.9K −$0.43/SF
EGI
$140.8K $15.65/SF
− OpEx
−$42.2K −$4.69/SF
NOI
$98.6K $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%
$1,971,380
Cap Rate 7%
$1,408,129
Cap Rate 9%
$1,095,211
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,569 @ 7.0% cap · market cap 7.89%
Second Best
Warehouse
$905.9K
$792.6K – $1.06M
NOI $63,411 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,375 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Dock-high doors
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines conditioned warehouse space with parking and zoning that supports a range of business uses.
Where is this flex space located?
The property is located at 904 S Marshall St 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: Approximately 9,000 square feet, including 4,032 square feet of conditioned warehouse; One dock‑high door; 0.49‑acre site
