Sign Up Successful!
You now have access to more from Realmo!
    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

    189 Hickory Tree Rd Winston-Salem, NC 27101

    Sponsored
    For Lease
    Contact for pricing

    1.38 Acres, Highway Commercial Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    This exceptional 1.38-acre commercial land parcel presents a unique investment opportunity in Winston-Salem, North Carolina. Located at 189 Hickory Tree Rd, in the desirable 27101 zip code, this property is zoned Highway Commercial, offering significant potential for a variety of commercial uses. The single-tenant zoning allows for focused development and streamlined permitting processes. The expansive lot size provides ample space for construction, parking, and landscaping, catering to a wide range of business needs. Its strategic location within Davidson County ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving market. The property's address is 189 Hickory Tree Rd, Winston-Salem, NC 27101. Given its size and zoning, this land is perfectly suited for businesses requiring significant space and high traffic exposure. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is currently available for lease. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to secure a prime commercial location in a rapidly growing area.

    Property Features for 189 Hickory Tree Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Spaces For Lease

    at 189 Hickory Tree Rd, Winston-Salem, NC 27101 Contact us

    We can help!

    Listing Contact
    Ladd Freeman
    Ladd Freeman

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.2042436
    Latitude
    36.105232

    Nearby Similar for Lease

    • $14 SF/Yr
      425,741 SF

      Truliant Tower: Prime Winston-Salem Office

      28-story iconic office building, diverse spaces available.
      301 Main St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      839,252 SF

      Hanes Mill Road Industrial Facility

      Large-scale industrial space for lease/sale in Winston-Salem.
      401 Hanes Ml Rd, Winston-Salem, NC 27105
      View Details
    • $8 SF/Yr
      12,000 SF

      Winston-Salem Industrial/Warehouse Property

      Industrial/warehouse property with flexible leasing options in Winston-Salem, NC.
      5709 Robin Wood Ln, Winston-Salem, NC
      View Details
    • Contact for pricing
      84,143 SF

      Winston-Salem Office Space for Lease

      Modern Office & Lab Space in Innovation Quarter
      111 Chestnut St, Winston-Salem, NC 27101
      View Details
    • $24 SF/Yr
      132,190 SF

      Cloverdale Plaza Retail Space

      Winston-Salem retail center, high traffic.
      0 Cloverdale Ave & Miller St, Winston-Salem, NC 27103
      View Details
    • $20 SF/Yr
      19,968 SF

      Winston-Salem Office Building for Lease

      Prime Medical/Office Space Available in Winston-Salem
      285 Stratford Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      7,240 SF

      Reynolda Road Retail Space

      Winston-Salem retail space available. High visibility location.
      4908 Reynolda Rd, Winston-Salem, NC 27106
      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
    • Contact for pricing
      546,065 SF

      Wells Fargo Center Office Space

      Prestigious Winston-Salem office tower, suites available.
      100 Main St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      132,590 SF

      Cloverdale Plaza Retail Space

      Winston-Salem retail center, high traffic.
      0 Cloverdale Ave. & Miller St, Winston-Salem, NC 27103
      View Details
    • $144 SF/Yr
      23,759 SF

      Midway Commons Retail Space

      Winston-Salem Retail Opportunity: 1,000-17,595 SF
      189 Hickory Tree Rd, Winston-Salem, NC 27107
      View Details
    • $37 SF/Yr
      10,456 SF

      Winston-Salem Executive Office Suites

      Prestigious A-Class Office Space, Flexible Options
      615 St. George Sq Ct, Winston-Salem, NC 27103
      View Details

    FAQs

    What type of property is this?
    Land - 1.38 Acres, Highway Commercial Zoning
    Where is this land located?
    The property is located at 189 Hickory Tree Rd Winston-Salem, NC.
    (336) 768-4410
    Request Owner's contact information
    189 Hickory Tree Rd Winston-Salem, NC 27101
    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.
    189 Hickory Tree Rd
    Winston-Salem, NC 27101
    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
    189 Hickory Tree Rd Winston-Salem, NC 27101
    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!
    Listing Contact
    Ladd Freeman
    Ladd Freeman
    Real Estate License ID: 184436
    (336) 768-4410
    Learn more
    Google sign-in failed. Please try again or use another login method.