Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    111 Chestnut St Winston-Salem, NC 27101

    • Office Properties & Spaces
    • 59,860 SF
    • 1.14 lot acres
    For Lease
    View listing
    Value Estimation
    $5,690,000
    Last Sale
    Jan 24, 2022
    $5,103,000
    Location Intelligence
    Property ID
    US53-1776152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Made for You Media, LLC / Marketing Agency / Website Designer
    • Once Logix, LLC. / Website Designer / Software Company
    • Biorg / Research Institute
    • Fit-4-Life Personal Training Studio LLC / Personal Trainer
    • The Timothée Law Firm, PLLC / Attorney

    Property Details for 111 Chestnut St

    Year built
    2000
    Lot size
    1.14 lot acres
    Property size
    59,860 SF
    Zone code
    CI
    Property type
    Office Properties & Spaces
    APN
    6835-35-3962.00
    APU
    683535396200

    Description

    Victoria Hall, located at 111 N. Chestnut Street in Winston-Salem, NC, offers 84,143 square feet of prime office and lab space. This three-story building, constructed in 2000, boasts a variety of suite sizes ranging from a minimum of 101 square feet to a maximum contiguous space of 1,922 square feet. Currently, 11,791 square feet are vacant and available for lease. The property sits on a 1.14-acre lot and features a 9-foot ceiling height throughout. Multiple tenants are currently occupying the building. Convenient amenities include structured and street parking, as well as elevator access. The building is zoned CI and its Forsyth County APN is 6835-35-3962. Victoria Hall enjoys a highly desirable location within the Innovation Quarter, directly adjacent to the new courthouse and other government buildings, ensuring easy access to local services and amenities. The available spaces offer a mix of open and built-out office layouts, providing flexibility for various business needs. This property presents a unique opportunity for businesses seeking modern, well-located office and/or lab space in a thriving urban environment. The building's strategic location and versatile space options make it an ideal choice for a range of businesses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $5,650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,025,000
      6.5%
      $4,730,000
      7%
      $5,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,835,000
      Geo Method
      $5,175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,575,000
      Retail
      $5,580,000
      Mixed-Use
      $5,285,000
      Hospitality
      $6,015,000
      Educational
      $4,880,000
      Residential Income
      $5,980,000
      Energy
      $4,325,000
      Income-Based Land
      $4,615,000
      Food Service
      $4,505,000

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.241
    Latitude
    36.0957
    CBSA code
    49180
    CBSA name
    WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $69,155
    $722,700
    $5,682,600
    $6,405,300
    -
    $722,700
    $5,682,600
    $6,405,300

    Comparable in this City

    • 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 by Request
      7,976 SF

      426 Old Salem Rd

      Office space • 7,976 SF
      426 Old Salem Rd, Winston-Salem, NC 27101
      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
    • Value Estimation by Request
      3,996 SF

      635 Trade St

      OFFICE (GENERAL) • 3,996 SF
      635 Trade St, Winston Salem, NC 27101-2916
      View Details
    • Value Estimation by Request
      3,640 SF

      2125 New Walkertown Rd

      OFFICE (GENERAL) • 3,640 SF
      2125 New Walkertown Rd, Winston Salem, NC 27101-3420
      View Details
    • Value Estimation by Request
      536,110 SF

      401 Main St

      OFFICE (GENERAL) • 536,110 SF
      401 Main St, Winston Salem, NC 27101-3804
      View Details

    Similar Nearby for Sale

    • $1,699,000
      15,480 SF

      Downtown Winston-Salem Office Building

      Fully Leased Income Property, High Visibility
      201 Broad St, Winston-Salem, NC 27101
      View Details
    • $995,000
      7,040 SF

      Downtown Winston-Salem Office Building

      Prime location, 7,040 SF, vacant, NNN lease.
      215 Broad St, Winston-Salem, NC 27101
      View Details
    • $665,000
      4,110 SF

      712 Brookstown Ave: Redevelopment Opportunity

      Historic Winston-Salem building, prime location.
      712 Brookstown Ave, Winston-Salem, NC 27101
      View Details
    • $1,300,000

      East Winston Fully Occupied Multifamily

      Fully occupied 10-unit multifamily property in East Winston.
      1401 E 5Th St, Winston Salem, NC 27101
      View Details
    • New
      $30,000
      Pending

      Wooded Land Parcel Near Walkertown

      5.34-acre wooded parcel near Walkertown and Kernersville, NC.
      Morris Rd, Winston Salem, NC 27101
      View Details
    • $199,000
      12.87 Acres

      Residential Land in Winston-Salem

      Private 12.87-acre lot suitable for multiple homes, no HOA.
      205 Horseshoe Bnd, Winston Salem, NC 27101
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      5,000 SF

      Winston-Salem Office Space For Lease

      5,000 SF Flex/Office Space Available
      1023 Chestnut St, Winston-Salem, NC 27101
      View Details
    • $15 SF/Yr
      2,050 SF

      Winston-Salem Office Space for Lease

      2,050 sq ft Office, Downtown Winston-Salem
      119 Brookstown Ave, 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
    • Contact for pricing
      5,286 SF

      Historic Hylehurst Office Suites

      Charming Downtown Winston-Salem Office Space
      224 Cherry St, Winston-Salem, NC 27101
      View Details
    • $525 /Mo
      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
      546,065 SF

      Wells Fargo Center Office Space

      Prestigious Winston-Salem office tower, suites available.
      100 Main 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.
    111 Chestnut St
    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 Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.