1664 Martin Luther King Dr Winston-Salem, NC 27107
This exceptional 80,000-square-foot warehouse in Winston-Salem, North Carolina, presents a compelling value-add investment opportunity. Located on an expansive 8-acre lot (APN: 6834-88-9947) at 1664 Martin Luther King Dr (27107), this property boasts four loading docks and one large drive-in ramp, offering significant flexibility for various industrial uses. Currently undergoing renovation to a cold, dark shell, the landlord is open to customizing the interior to meet tenant specifications, including the potential for additional docks or drive-in ramps. The property features approximately 5 acres of paved lot, ideal for heavy-duty storage or parking. Its strategic location offers convenient access to Interstate 285, providing quick access to major highways and the entire state. A five-minute drive from downtown Winston-Salem and a three-minute drive from the Innovation Quarter, this property benefits from a diverse labor pool and proximity to amenities. Heavy industrial zoning allows for a wide range of potential uses. The anticipated occupancy date is October 22, 2024. The asking price is $3,785,000. The roof will be repaired by the landlord.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.