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66,048 SF Warehouse For Sale

3655 Reed St Winston-Salem, NC 27107

3655 Reed St, Winston-Salem, NC, 27107
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66,048 SF warehouse with 4 docks and secured access.

Property Size66,048 SF
Price / SF$78.65
AddedSep 19, 2024
Days on Market666
Last RefreshJul 15 at 10:49 pm

Property Features for 3655 Reed St

General Information

Standard status
Active
Size
66,048 SF
Property subtype
Industrial

Listing office NAI Piedmont Triad

Listing date Sep 19, 2024

Source Crexi

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 NAI Piedmont Triad


Investment Insights

Based on property information with market context.

This property features approximately 66,048 square feet of warehouse space. The building includes 4 docks and 3 drive-in doors, equipped with levelers and seals. It has a clear ceiling height of 20 feet and is equipped with an ESFR sprinkler system. Electrical capacity is supported by a 3-phase, 1000+ amp power supply. The property is secured with fencing, key-fob access, and video surveillance throughout. New LED lights are scheduled to be installed in August 2025. The property is centrally located within the Piedmont Triad area.

Key Highlights

  • Central Piedmont Triad Location
  • Secured (Fenced) Property with Key‑fob access and video surveillance throughout
  • ± 66,048 SF

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $594.4k $9.00
− Vacancy −$47.0k −$0.71
EGI $547.5k $8.29
− OpEx −$82.1k −$1.24
NOI $465.4k $7.05
66,048 SF · lease $9.00/SF/yr · vacancy 7.90% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$6.65M
$5.82M – $7.76M (±1% cap)
NOI $465,351 @ 7.0% cap · market cap 8.96%
Second Best
Industrial
$5.47M
$4.79M – $6.39M (±1% cap)
NOI $383,230 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$12.20M
$10.68M – $14.23M (±1% cap)
NOI $854,036 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Warehouses

FAQs

What type of property is this?
Warehouse - 66,048 SF warehouse with 4 docks and secured access.
Where is this warehouse located?
The property is located at 3655 Reed St Winston-Salem, NC.
What is the asking price?
The asking price for this property is $5,195,000.
What are key features of this property?
This property features: Central Piedmont Triad Location; Secured (Fenced) Property with Key‑fob access and video surveillance throughout; ± 66,048 SF
Contact an agent
(336) 901-3452 Call to check price and availability
More about this property
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