Downtown Winston-Salem Retail/Office
215 N Broad St Winston-Salem, NC 27101
215 N Broad St, Winston-Salem, NC, 27101
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For Sale
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Two-story, 7,040 SF building in downtown Winston-Salem.
Property Size7,040 SF
Price / SF$141.34
Days on Market1528
Property Features for 215 N Broad St
General Information
- Standard status
- Active
- Size
- 7,040 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1966
Listing Agency
Linville Team Partners
(336) 724-1715
Listed by
Katie Hayes · License #314753
Source
Crexi
Added: May 13, 2022 Checked: Jul 17 at 7:19 am
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 Linville Team Partners
Investment Insights
Based on property information with market context.
This two-story building offers approximately 7,040 square feet of retail or office space. Situated on N. Broad Street in downtown Winston-Salem, the property benefits from a traffic volume of 13,000 vehicles per day. Its location is two blocks from Truist Stadium and provides convenient access to I-40. The property features high visibility and ample parking. It is strategically located among restaurants, retailers, and luxury apartments, including the 229-unit West End Station and the upcoming high-end 300-unit Easley. The building is a warm shell, ready for redevelopment.
Key Highlights
- High‑visibility location on N. Broad Street (13,000 VPD) in downtown Winston‑Salem.
- ±7,040 SF two‑story building, warm shell ready for redevelopment.
- Ample parking.
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 | $114.0k | $16.20 |
| − Vacancy | −$23.2k | −$3.29 |
| EGI | $90.9k | $12.91 |
| − OpEx | −$22.7k | −$3.23 |
| NOI | $68.2k | $9.68 |
7,040 SF · lease $16.20/SF/yr · vacancy 20.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$973.9K
$852.2K – $1.14M
NOI $68,172 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,031 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Two-story, 7,040 SF building in downtown Winston-Salem.
Where is this office building located?
The property is located at 215 N Broad St Winston-Salem, NC.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High‑visibility location on N. Broad Street (13,000 VPD) in downtown Winston‑Salem.; **±7,040 SF two‑story building, warm shell ready for redevelopment.**; Ample parking.
