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Property profile & analytics
OFF-MARKET
Warehouses

1664 Martin Luther King Dr Winston-Salem, NC 27107

80,000 SF 8 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Total area 80,000 SF
Lot 8 ac (348,480 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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