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    1023 Chestnut St Winston-Salem, NC 27101

    Sponsored
    For Lease
    $16 SF/Yr

    5,000 SF Flex/Office Space Available

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,000-square-foot office space, located at 1023 N. Chestnut Street in Winston-Salem's Industry Hill district, presents a unique leasing opportunity. The single-tenant building, constructed in 1974, offers a versatile layout currently configured as traditional office space but easily adaptable to flex use. The property features a convenient single-story design, providing efficient and accessible workspace. Ample surface parking is available, enhanced by a secure fenced and gated perimeter. The location offers excellent accessibility, situated just 0.6 miles from Highway 52, ensuring convenient commutes and efficient logistics. This property is identified by APN 6836-20-8321 within Forsyth County. For qualified tenants with suitable lease terms, a tenant improvement allowance of $30 per square foot is available, providing an opportunity to customize the space to meet specific business needs. This presents a compelling chance to secure a well-located, adaptable workspace in a thriving area of Winston-Salem. The property is a single building on a single story.

    Property Features for 1023 Chestnut St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,000 SF
    Rate per SF
    $16

    HighLights

    • 5,000 square foot single‑tenant office building.
    • Located in Winston‑Salem's Industry Hill area.
    • Suitable for office or flex use.
    • Features fenced/gated property with ample surface parking.
    • Close proximity to Highway 52 (0.6 miles).
    • $30 per square foot tenant improvement allowance available to qualified tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Lab at Industry Hill Corporate Office Wax + Cloth Hair Removal Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -80.2431057
    Latitude
    36.1074394

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    FAQs

    What type of property is this?
    Flex space - 5,000 SF Flex/Office Space Available
    Where is this flex space located?
    The property is located at 1023 Chestnut St Winston-Salem, NC.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 5,000 square foot single-tenant office building.; Located in Winston-Salem's Industry Hill area.; Suitable for office or flex use.
    Request Owner's contact information
    1023 Chestnut St Winston-Salem, NC 27101
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    Realmo Value Estimation

    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.

    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.

    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
    1023 Chestnut St Winston-Salem, NC 27101
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