Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1539 Waughtown St Winston-Salem, NC 27107

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Forsyth County industrial flex space, 25,207-96,248 SF

    Lot size:
    96,248 SF

    Property Features for 1539 Waughtown St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    96,248 SF
    Total Rate
    37296.1

    Building Details

    Year Built
    1974
    Buildings
    1

    Spaces For Lease

    at 1539 Waughtown St, Winston-Salem, NC 27107 Contact us
    Unit Available Space

    $4 /Mo

    Size
    96,248 SF
    Contact us

    We can help!

    Listing Contact
    Katie Hayes
    Katie Hayes

    Listing Agency: Linville Team Partners Listing Agent: Katie Hayes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Forsyth County industrial property, located at 1539 Waughtown Street, offers a versatile 96,248 square foot flex space, divisible to a minimum of 25,207 square feet. The property comprises four suites within a single building constructed in 1974, situated on a generous 9.06-acre lot. The expansive site includes approximately 3.5 to 4 acres of fenced and gated outdoor storage or parking areas, with potential for future expansion. The building features excellent loading capabilities with 5 dock-high doors and 3 drive-in doors, catering to a variety of industrial and flex uses. Buildings 1 and 2 share a convenient industrial dock lift. The strategic location provides ideal site logistics, being just 1.0 mile from I-40 and 1.5 miles from US-52, ensuring easy access to major transportation arteries. The property is zoned LI (Light Industrial) and has an APN of 6844-36-8589. This property presents a unique opportunity for businesses seeking flexible and strategically located industrial space in Forsyth County. The ample outdoor space, combined with the substantial indoor area and convenient access to major highways, makes this an attractive option for a wide range of industrial and flex users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2052977
    Latitude
    36.0689843

    Nearby Similar for Lease

    • Contact for pricing

      Versatile Industrial Space Near Clemmons

      Industrial-zoned commercial space with offices, open area, and drive-in doors.
      6206 Hackers Bnd Ct, Winston-Salem, NC 27103
      View Details
    • Sponsored
      Contact for pricing

      St. George Square

      Discover many ways to work your way in Reston Town Center I
      615 St. George Sq Ct, Winston-Salem, NC 27103
      View Details
    • Contact for pricing

      NC, Winston-Salem - W Third St

      Discover many ways to work your way in One Liberty Place
      102 3Rd St, Winston-Salem, NC 27101
      View Details
    • $12 SF/Yr
      2,468 SF

      New Office Space For Rent

      New construction office space available for rent in Winston-Salem.
      4721 Country Clb Rd, Winston-Salem, NC
      View Details
    • $20 SF/Yr
      1,345 SF

      Class A Office Space Available

      Class A office space with extensive window areas and parking.
      1605 Westbrook Plz Dr, Winston-Salem, NC
      View Details
    • $25 SF/Yr
      2,373 SF

      First-Floor Office Suite For Rent

      Well-appointed office suite suitable for professional or medical use.
      1598 Westbrook Plz Dr, Winston-Salem, NC
      View Details
    • $16 SF/Yr
      2,542 SF

      Downtown Winston-Salem Retail/Office Space

      Historic retail and office spaces in downtown Winston-Salem.
      840-848 W 4 St, Winston-Salem, NC
      View Details
    • $25 SF/Yr
      1,664 SF

      Retail/Office/Medical Space For Rent

      Retail/office/medical space with building signage and easy access.
      3708 Creekshire Ct, Winston-Salem, NC
      View Details
    • $18 SF/Yr
      3,679 SF

      Office Space in Business Park

      Office suite in a premier business park available for lease.
      755 Highland Oaks Dr, Winston-Salem, NC
      View Details
    • $14 SF/Yr
      3,245 SF

      Retail Space on Coliseum Drive

      Retail space for lease in high-traffic location.
      710-720 Coliseum Dr, Winston-Salem, NC
      View Details
    • $1,450 /Mo
      521 SF

      Suburban Office Space Available

      Office space for rent in convenient location near I-40.
      3410 Healy Dr, Winston-Salem, NC
      View Details
    • $24 SF/Yr
      1,979 SF

      Retail Space Near Thruway Center

      Retail space available in high-traffic Winston-Salem location.
      205 S Stratford Rd, Winston-Salem, NC
      View Details

    FAQs

    What type of property is this?
    Flex space - Forsyth County industrial flex space, 25,207-96,248 SF
    Where is this flex space located?
    The property is located at 1539 Waughtown St Winston-Salem, NC.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 96,248 SF flex industrial building on 9.06 acres in Forsyth County.; Multiple tenants in four suites, minimum divisible space 25,207 SF.; Five loading docks and three drive-in doors.
    (336) 724-1715 Call to check price and availability
    Request Owner's contact information
    1539 Waughtown St Winston-Salem, NC 27107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1539 Waughtown St
    Winston-Salem, NC 27107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1539 Waughtown St Winston-Salem, NC 27107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Katie Hayes
    Katie Hayes
    Real Estate License ID: 314753
    (336) 724-1715
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!