Property profile

179 Waughtown St Winston Salem, NC 27127

OFF-MARKET
Warehouses
Property ID
US53-1646957
8,610 SF 0.68 ac lot Built 1960
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,610-square-foot flex space property at 179 Waughtown Street in Winston-Salem, North Carolina, presents a compelling investment opportunity. Built in 1960 and renovated in 1997, this single-story building sits on a 0.68-acre lot and offers ample parking with 12 spaces. Currently vacant, the property is zoned HB and features a fenced-in area, ideal for secure storage of inventory or equipment. The building's 1997 renovation ensures modern functionality, while its industrial heritage provides robust infrastructure, including three-phase power. Its prime location on Waughtown Street, directly across from the University of North Carolina School of the Arts (UNCSA), offers excellent visibility and accessibility. The property is conveniently located minutes from downtown Winston-Salem, providing easy access to a thriving urban center. This versatile space is suitable for a variety of uses, making it an attractive option for both owner-occupiers and investors seeking a high-demand property in a desirable location. The property's features include one building, a single tenancy, and a Forsyth County address with APN 6834-49-6567. The asking price is $600,000. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex space in a growing market.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1960
Construction BRICK
Total area 8,610 SF
Lot 0.68 ac (29,621 SF)
Zoning code HB
APN 6834-49-6567.00
UPID US53-1646957

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor
  • Landscaping General Contractor

Location

179 Waughtown St Winston Salem, NC 27127-2143
Winston Salem metro Census 802 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$475,000
3 recorded transactions
2025
$475,000
2020
$300,000
2004
$500

Zoning & alternative use

HB · Winston Salem, NC
Zoning description

The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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