Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1055 Hanes Mall Blvd Winston-Salem, NC 27103

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1055 Hanes Mall Blvd Winston-Salem, NC 27103

    View on Map
    • Power centers
    • 154,173 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1055 Hanes Mall Blvd

    Year built
    2001
    Property size
    154,173 SF
    Property type
    Power centers
    Property subtype
    Retail properties & Spaces

    Description

    Hanes Commons, located at 1055 Hanes Mall Blvd in Winston-Salem, North Carolina, is a thriving 154,173 square foot power center built in 2001. This prime retail property boasts a strong tenant mix, anchored by national retailers including Costco, Ross Dress for Less, HomeGoods, and Big Lots. The center also features a diverse selection of complementary businesses such as Popshelf, Sport Clips, Jason's Deli, Longhorn Steakhouse, and Leslie's Pool Supplies, creating a robust and attractive shopping destination. With 733 parking spaces available, ample customer parking is ensured. Currently, there is 2,021 square feet of vacant space available. Situated in Forsyth County, the property benefits from a high-traffic location with an average daily traffic count of 31,000 vehicles, providing excellent visibility and accessibility for tenants. This well-established center presents a compelling investment opportunity in a dynamic retail market. The property is zoned for retail use and does not include any internet cafes.

    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
    -80.3166
    Latitude
    36.0643

    Comparable in this City

    • Value Estimation by Request
      64,143 SF

      4380 Kinnamon Vlg

      Lifestyle centers • 64,143 SF
      4380 Kinnamon Vlg, Clemmons, NC 27103
      View Details
    • Value Estimation
      $9,835,000
      141,148 SF

      3320 Silas Crk Pkwy

      DEPARTMENT STORE • 141,148 SF
      3320 Silas Crk Pkwy, Winston Salem, NC 27103-3011
      View Details
    • Value Estimation by Request
      1,690 SF

      503 Harvey St

      DEPARTMENT STORE (MULTI-STORY) • 1,690 SF
      503 Harvey St, Winston Salem, NC 27103-1604
      View Details
    • Value Estimation by Request
      132,190 SF

      Cloverdale Ave & Miller St

      Restaurants • 132,190 SF
      0 Cloverdale Ave & Miller St, Winston-Salem, NC 27103
      View Details
    • Value Estimation by Request
      64,143 SF

      4380 Kinnamon Vlg

      Retail properties & Spaces • 64,143 SF
      4380 Kinnamon Vlg, Clemmons, NC 27103
      View Details
    • Value Estimation by Request

      3756 Creekshire Ct

      Medical Office Space
      3756 Creekshire Ct, Winston-Salem, NC 27103
      View Details

    Similar Nearby for Sale

    • $37,500

      Commercial Land in Clemmons, NC

      0.66 acre commercial land with high traffic frontage.
      3255 S Stratford Rd, Clemmons, NC 27103
      View Details
    • Contact for pricing
      Pending

      Forsyth County Land Auction Opportunity

      Land in Forsyth County available via online auction.
      Phelps Cir, Winston-Salem, NC 27103
      View Details
    • New
      $499,500
      2,510 SF

      Ardmore Triplex Near Baptist Hospital

      Well-maintained triplex near Baptist Hospital with income potential.
      301 S Sunset Dr, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      Pending

      Residential Land in Ashford Subdivision

      Sloping lot ideal for custom basement home in Winston-Salem.
      2112 Hollinswood Ct, Winston-Salem, NC 27103
      View Details
    • $225,000
      1.19 Acres

      Residential Land in Winston-Salem, NC

      Land offered for sale in Winston-Salem, North Carolina.
      599 Mission Rd, Winston-Salem, NC 27103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Pavilions Center

      Prime retail location with excellent visibility and accessibility.
      694 Hanes Mall Blvd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing

      Retail Center Anchored by Costco

      Prime retail center on Hanes Mall Blvd in Winston-Salem, NC.
      1055 Hanes Mall Blvd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing

      Winston-Salem Class B Office Building

      Four-story office building with flexible space and ample parking.
      514 S Stratford Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing

      Retail Space at Jonestown Road

      Retail space with high visibility and convenient location.
      301 Jonestown Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing

      Retail Space Near Hanes Mall

      Retail space in Winston-Salem's primary retail corridor.
      1606 S Stratford Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing

      Retail Space Near Wake Forest

      Retail space available in Cloverdale Plaza near Wake Forest.
      Cloverdale Ave & Miller St, Winston-Salem, NC 27103
      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.
    1055 Hanes Mall Blvd
    Winston-Salem, NC 27103
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!