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    189 Hickory Tree Rd Winston-Salem, NC 27107

    For Lease
    $144 SF/Yr

    Winston-Salem Retail Opportunity: 1,000-17,595 SF

    Lot size:
    23,759 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Midway Commons, located at 189 Hickory Tree Rd, Winston-Salem, NC 27107, offers exceptional retail space totaling 17,595 contiguous square feet, with a minimum divisible space of 1,000 square feet. Currently, 6,164 square feet are vacant, divided into three available suites. Two suites (112 & 104) are priced at $12.00 per square foot. Pricing for suite 108 is available upon request. This single-building property benefits from a strong location at the Hwy 52/I-285 interchange, providing excellent visibility and accessibility. The surrounding area boasts robust demographics, with populations within 3, 5, and 7 miles totaling 14,291, 46,056, and 92,694 respectively. Household incomes within these radii are $85,015, $89,334, and $79,754, indicating a high purchasing power. The property enjoys a diverse mix of co-tenants, including established businesses such as Dollar Tree, CVS, Sakura Japanese, To The Moon & Back, Pronto Pizza, Pizza Hut, and Thomasville Pediatrics, creating a vibrant and attractive retail environment. This prime retail location presents a unique opportunity for businesses seeking high visibility and access to a substantial consumer base. Contact us today to learn more about this exceptional opportunity.

    Property Features for 189 Hickory Tree Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,759 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    5,164 SF Available
    Size
    5,164 SF
    Rate per SF
    $144
    Space
    Suite 108
    Size
    17,595 SF
    Space
    1,000 SF Available
    Size
    1,000 SF
    Rate per SF
    $144

    HighLights

    • 1,000 - 17,595 square feet of retail space available for lease in multiple suites.
    • Suites 112 & 104 are available for $12.00 per square foot; Suite 108 pricing available upon request.
    • Strong demographics within 3‑7 miles, with populations ranging from 14,291 to 92,694 and household incomes from $79,754 to $89,334.
    • Excellent location at the Hwy 52/I‑285 interchange.
    • Property features co‑tenants including Dollar Tree, CVS, and several restaurants.
    • Located at Midway Commons, 189 Hickory Tree Rd, Winston Salem, NC 27107.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor Midway Tobacco&Vape Cigar Shop UPS Access Point ... Shipping And Mailing Service Tammy Gabard Pharmacy Kinsey Richardson Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -80.22387
    Latitude
    35.96623

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    FAQs

    What type of property is this?
    Retail property - Winston-Salem Retail Opportunity: 1,000-17,595 SF
    Where is this retail property located?
    The property is located at 189 Hickory Tree Rd Winston-Salem, NC.
    What is the lease rate?
    The lease rate is $0.00-$144 SF/Yr.
    What are key features of this property?
    This property features: 1,000 - 17,595 square feet of retail space available for lease in multiple suites.; Suites 112 & 104 are available for $12.00 per square foot; Suite 108 pricing available upon request.; Strong demographics within 3-7 miles, with populations ranging from 14,291 to 92,694 and household incomes from $79,754 to $89,334.
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    Winston-Salem, NC 27107
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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
    189 Hickory Tree Rd Winston-Salem, NC 27107
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