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    5026 Peters Creek Pkwy Winston-Salem, NC 27127
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    5026 Peters Creek Pkwy Winston-Salem, NC 27127

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    • Retail properties & Spaces
    • 76,512 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5026 Peters Creek Pkwy

    Property size
    76,512 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail center, Olivers Crossing, located at 5026 Peters Creek Pkwy in Winston-Salem, NC (27127), offers a prime opportunity for businesses seeking flexible and modern spaces. The property boasts a total of 76,512 square feet across three single-story buildings, featuring a diverse mix of national and regional tenants. Recently renovated in 2023, the center provides a fresh and updated environment for its occupants. Currently, there are 7,000 square feet of vacant space available, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 4,200 square feet. The property is zoned for commercial development and situated in the Winston Salem submarket of Forsyth County, offering excellent visibility and accessibility. With a total of 1400 suites, Olivers Crossing provides a vibrant and thriving commercial environment. The convenient location, coupled with its modern amenities and flexible space options, makes this property an ideal choice for a variety of businesses. The property is easily accessible via Olivers Crossing Drive. While there are no elevators, the single-story design ensures easy navigation. This Class B property presents a unique opportunity to establish or expand your business in a dynamic and well-established retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2644
    Latitude
    36.0035

    Comparable in this City

    • Value Estimation by Request
      12.71 Acres

      5251/5255 Peters Creek Pkwy

      Multifamily properties • 12.71 Acres
      5251/5255 Peters Creek Pkwy, Winston-Salem, NC 27127
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    • Value Estimation by Request
      1,440 SF

      13 Clemmonsville Rd

      DEPARTMENT STORE (MULTI-STORY) • 1,440 SF
      13 Clemmonsville Rd, Winston Salem, NC 27127-5117
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    • Value Estimation
      $535,000
      4,284 SF

      1531 Silas Crk Pkwy

      DEPARTMENT STORE (MULTI-STORY) • 4,284 SF
      1531 Silas Crk Pkwy, Winston Salem, NC 27127-3757
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    • Value Estimation by Request
      1,200 SF

      12201 Nc-150

      Neighborhood centers • 1,200 SF
      12201 Nc-150, Winston-Salem, NC 27127
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    • Value Estimation by Request
      4,592 SF

      2925 Main St

      Churches & religious facilities • 4,592 SF
      2925 Main St, Winston-Salem, NC 27127
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    • Value Estimation by Request
      1.49 Acres

      2495 Hickory Tree Rd

      Land • 64,904 SF
      2495 Hickory Tree Rd, Winston-Salem, NC 27127
      View Details

    Similar Nearby for Sale

    • $585,000
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      Winston-Salem Retail/Commercial Opportunity

      Located near major highways, ideal for commercial growth and reach.
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    • $3,775,500

      25 Acres Land For Sale

      25 +/- acres of land available on corner lot.
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    • $225,000

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      18.93 acres ideal for shopping center development.
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    Winston-Salem, NC 27127
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    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
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