Downtown Winston-Salem Retail/Office
For Sale
Contact for pricing
215 N Broad St, Winston-Salem, NC 27101
Two-story, 7,040 SF building in downtown Winston-Salem.
Property Size7,040 SF
Price / SF$141.34
Days on Market1622
Property Features for 215 N Broad St
General Information
Standard status
Active
Size
7,040 SF
Property subtype
Retail
Zoning
HB
Lease Type
NNN
Building Details
Year Built
1966
Buildings
1
Stories
2
Units
1
Listing Agency:
Linville Team Partners
Listed By:
Katie Hayes · License #314753
(336) 724-1715
Source:
Crexi
Added: May 13, 2022
Changed: Oct 3
Last Checked: Oct 19 at 7:34AM
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
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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 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,172
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,440
$1.4M
Cap Rate 7%
$973,886
$973.9K
Cap Rate 9%
$757,467
$757.5K
Market Conditions
NOI Build-Up for 7,040 SF
Gross rent
$114.0K $16.20/SF
− Vacancy
−$23.2K −$3.29/SF
EGI
$90.9K $12.91/SF
− OpEx
−$22.7K −$3.23/SF
NOI
$68.2K $9.68/SF
Area
Winston-Salem, NC
Vacancy
20.30%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,440
Cap Rate 7%
$973,886
Cap Rate 9%
$757,467
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
