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    Property profile & analytics

    207 3rd St Winston Salem, NC 27101-3907

    • Turn key restaurants
    • 4,370 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Last Sale
    Apr 24, 2025
    $549,000
    Location Intelligence
    Property ID
    US53-1782136
    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

    • Camel City Church / Non-Denominational Church
    • Murphy's 2010 / American Restaurant / Restaurant

    Property Details for 207 3rd St

    Year built
    1920
    Construction
    STEEL FRAME
    Lot size
    0.05 lot acres
    Property size
    4,370 SF
    Zone code
    CB WO
    Property type
    Turn key restaurants
    APN
    6835-16-7746.00
    APU
    683516774600

    Description

    This exceptional retail storefront, located at 207 W 3rd St in Winston-Salem, NC, presents a unique owner/user opportunity. The property, built in 1920, is a two-story building offering a total of 4,200-4,400 square feet, with 2,185 square feet of net rentable space. Ideally situated in the heart of downtown Winston-Salem, this storefront enjoys a high-traffic location adjacent to the Hampton Inn Hotel and the Kaleideum Children's Museum, ensuring significant foot traffic and visibility. While street parking is limited, two convenient parking lots are within a two-minute walk. All assets, including kitchen equipment, are included in the sale price of $625,000. This property offers a rare blend of historical charm and modern convenience, making it an excellent investment for a discerning buyer seeking a thriving retail location in a vibrant downtown setting. The property consists of one building and is zoned for retail use. The Forsyth County location and 27101 zip code provide easy access to major transportation routes and amenities. This is a turnkey operation ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $550,000
      7%
      $560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $570,000
      Mixed-Use
      $555,000
      Hospitality
      $615,000
      Educational
      $615,000
      Residential Income
      $560,000
      Energy
      $585,000
      Income-Based Land
      $505,000
      Food Service
      $610,000

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2465
    Latitude
    36.0977
    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
    $2,618
    $59,600
    $115,800
    $175,400
    -
    $59,600
    $115,800
    $175,400

    Comparable in this City

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      18,720 SF

      411 Cherry St

      RESTAURANT • 18,720 SF
      411 Cherry St, Winston Salem, NC 27101-2964
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    • Value Estimation
      $295,000
      5,378 SF

      105 4th St

      RESTAURANT • 5,378 SF
      105 4th St, Winston Salem, NC 27101-3823
      View Details

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    207 3rd St
    Winston Salem, NC 27101-3907
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    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
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