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    61 Miller St Winston-Salem, NC 27104

    For Sale
    $425,000

    Vacant, 2,040 SF Office Space, $425,000

    Property size:
    2,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,040-square-foot office building, located at 61 Miller Street in Winston-Salem, North Carolina, presents a fantastic opportunity for owner-occupancy or investment. Currently vacant, this Class B property is ready for immediate occupancy. The asking price is $425,000, translating to $208.33 per square foot. Situated in a high-visibility location on Miller Street, the building benefits from its proximity to major retailers such as Whole Foods and Publix, ensuring high foot traffic and excellent brand exposure. The property is zoned General Business, offering flexibility for a variety of uses. The building's previous use was as an office, suggesting a straightforward transition for similar businesses. This is a single-tenant property with a NNN lease type. The property is conveniently located in Forsyth County, North Carolina, with the zip code 27104. While the cap rate is currently listed as 0%, this presents an opportunity for investors to establish their own return based on market conditions and potential lease agreements. Serious inquiries are encouraged to explore this promising commercial real estate opportunity further. Contact us today to schedule a viewing and discuss the possibilities.

    Property Features for 61 Miller St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,040 SF
    Class
    B
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eanes Heating & Air ... Hvac Contractor Drayford Dumpster Dumpster Rental Service Master Plumbers Heating ... Plumber

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -80.274129080266
    Latitude
    36.093641413658

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    FAQs

    What type of property is this?
    Office Property / Space - Vacant, 2,040 SF Office Space, $425,000
    Where is this office property / space located?
    The property is located at 61 Miller St Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    Request Owner's contact information
    61 Miller St Winston-Salem, NC 27104
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    Winston-Salem, NC 27104
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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
    61 Miller St Winston-Salem, NC 27104
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