Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    119 Brookstown Ave Winston-Salem, NC 27101
    Back to Search
    Property profile & analytics

    119 Brookstown Ave Winston-Salem, NC 27101

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 119 Brookstown Ave

    Property type
    Office Spaces

    Description

    This exceptional 2,050-square-foot office space is located in the recently renovated One Salem Tower at 119 Brookstown Avenue in Winston-Salem, North Carolina. The property is a single-tenant space within a five-story building situated in Forsyth County, offering a prime location in the heart of downtown. Tenants enjoy convenient access to the downtown pedestrian strollway, eliminating the need for extensive commutes. Ample on-site parking is provided for the building's occupants, ensuring ease of access for employees and clients. The building boasts a rooftop terrace, providing stunning views of the Winston-Salem cityscape. This space is perfect for businesses seeking a modern and convenient location. A tenant improvement package is available, subject to lease terms, allowing for customization to meet specific business needs. Furthermore, janitorial services are included, reducing operational overhead and simplifying building maintenance. The zip code for this property is 27101. This traditional office space is also suitable for executive office needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2447
    Latitude
    36.0913

    Comparable in this City

    • Value Estimation by Request
      7,976 SF

      426 Old Salem Rd

      Office Units • 7,976 SF
      426 Old Salem Rd, Winston-Salem, NC 27101
      View Details
    • Value Estimation by Request
      4,110 SF

      712 Brookstown Ave

      Restaurants • 4,110 SF
      712 Brookstown Ave, Winston-Salem, NC 27101
      View Details
    • Value Estimation
      $44,220,000
      536,110 SF

      401 Main St

      OFFICE (GENERAL) • 536,110 SF
      401 Main St, Winston Salem, NC 27101-3804
      View Details
    • Value Estimation
      $3,385,000
      106,787 SF

      115 Main St

      OFFICE (GENERAL) • 106,787 SF
      115 Main St, Winston Salem, NC 27101
      View Details
    • Value Estimation by Request
      1,448 SF

      545 Trade St, Unit 301

      OFFICE (GENERAL) • 1,448 SF
      545 Trade St, Winston Salem, NC 27101-2981
      View Details
    • Value Estimation by Request
      3,200 SF

      710 Trade St

      OFFICE (GENERAL) • 3,200 SF
      710 Trade St, Winston Salem, NC 27101-1431
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,493 SF

      Retail Property in West End

      Retail property in Winston-Salem's West End District for sale.
      212 N Broad St, Winston Salem, NC 27101
      View Details
    • Contact for pricing
      7,040 SF

      Downtown Winston-Salem Retail/Office Building

      Two-story, 7,040 SF building in downtown Winston-Salem.
      215 N Broad St, Winston-Salem, NC 27101
      View Details
    • $1,699,000
      15,600 SF

      Downtown Winston-Salem Office Building

      15,600 SF building in downtown Winston-Salem for sale/lease.
      201 N Broad St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      9,712 SF

      Leased Medical Office Building

      100% leased medical office building with strong credit tenant.
      390 W Salem Ave, Winston-Salem, NC 27101
      View Details
    • $1,950,000
      57,190 SF

      850 Chatham Rd, Winston-Salem, NC 27101

      Mixed-use properties • 57,190 SF
      850 Chatham Rd, Winston-Salem, NC 27101
      View Details
    • Contact for pricing

      Downtown Winston-Salem Office Space

      Office space in downtown Winston-Salem suitable for small businesses.
      406 E 4Th St, Winston-Salem, NC 27101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      180 SF

      Keyman Office Space For Rent

      First floor office space with shared amenities and utilities included.
      632 Holly Ave, Winston Salem, NC 27101
      View Details
    • Contact for pricing
      218,488 SF

      Class A Office Space Available

      Class A office tower with unparalleled amenities in Winston-Salem.
      100 North Main St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      1,474 SF

      Renovated Office Building For Rent

      Completely renovated two-story office building in Winston Salem CBD.
      601 West 4Th St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      4,000 SF

      Downtown Winston-Salem Office Space

      Prime office space in Winston-Salem's Central Business District.
      500 West 5Th St, Winston-Salem, NC 27101
      View Details
    • $18 SF/Yr
      2,542 SF

      Downtown Winston-Salem Retail/Office Space

      Historic retail and office spaces in downtown Winston-Salem.
      840-848 W 4Th St, Winston-Salem, NC 27101
      View Details
    • $15 SF/Yr
      1,116 SF

      Commercial Office Duplex For Lease

      Commercial office duplex with leasing options available in Winston Salem.
      205-207 N Poplar St, Winston Salem, NC 27101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    119 Brookstown Ave
    Winston-Salem, NC 27101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    119 Brookstown Ave, Winston-Salem, NC, 27101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!