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    Property profile & analytics

    2201 Old Lexington Rd Winston Salem, NC 27107-3231

    • Turn key restaurants
    • 1,412 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US53-1599463
    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

    • Jade Garden chinese restaurant / Chinese Restaurant

    Property Details for 2201 Old Lexington Rd

    Year built
    1958
    Construction
    STEEL FRAME
    Lot size
    0.32 lot acres
    Property size
    1,412 SF
    Zone code
    HB
    Property type
    Turn key restaurants
    APN
    6834-76-4394.00
    APU
    683476439400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $235,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $235,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $250,000
      Mixed-Use
      $240,000
      Hospitality
      $245,000
      Educational
      $220,000
      Residential Income
      $215,000
      Energy
      $255,000
      Income-Based Land
      $260,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2266
    Latitude
    36.0692
    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
    $3,706
    $92,000
    $172,200
    $264,200
    -
    $92,000
    $172,200
    $264,200

    Comparable in this City

    • Value Estimation
      $345,000
      1,509 SF

      902 Sprague St

      RESTAURANT • 1,509 SF
      902 Sprague St, Winston Salem, NC 27107-3427
      View Details
    • Value Estimation
      $260,000
      1,020 SF

      4388 Thomasville Rd

      RESTAURANT • 1,020 SF
      4388 Thomasville Rd, Winston Salem, NC 27107-7046
      View Details
    • Value Estimation
      $850,000
      4,067 SF

      5353 Gumtree Rd

      RESTAURANT • 4,067 SF
      5353 Gumtree Rd, Winston Salem, NC 27107-9735
      View Details
    • Value Estimation
      $380,000
      5,156 SF

      1527 Martin Luther King Jr Dr

      RESTAURANT • 5,156 SF
      1527 Martin Luther King Jr Dr, Winston Salem, NC 27107-1308
      View Details
    • Value Estimation by Request
      3,460 SF

      8580 Nc Hwy 109

      RESTAURANT • 3,460 SF
      8580 Nc Hwy 109, Winston Salem, NC 27107-8400
      View Details
    • Value Estimation
      $270,000
      1,700 SF

      2742 Waughtown St

      RESTAURANT • 1,700 SF
      2742 Waughtown St, Winston Salem, NC 27107-1617
      View Details

    Similar Nearby for Sale

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      22,100 SF

      Winston-Salem Flex Space Investment

      22,100 SF Flex Space, 9 Docks, Great Location
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    • Contact for pricing
      Pending

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      High-traffic location, fully improved site.
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      View Details
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      Pending

      Forsyth County Land Auction Opportunity

      Land in Forsyth County offered via online auction.
      1104 Bruce St, Winston Salem, NC 27107
      View Details
    • $55,000

      Wooded Lot in Winston-Salem

      1.45 acre wooded lot suitable for a 3-bedroom septic.
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    • $40,000
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      Winston-Salem Land Ready for Building

      Four adjoining lots ideal for new construction or investment.
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      View Details

    Similar Nearby for Lease

    • $144 SF/Yr
      23,759 SF

      Midway Commons Retail Space

      Winston-Salem Retail Opportunity: 1,000-17,595 SF
      189 Hickory Tree Rd, Winston-Salem, NC 27107
      View Details
    • $7 SF/Yr
      17,595 SF

      Retail Space with Loading Dock

      17,595 SF retail space available with loading dock.
      189 Hickory Tree Rd, Winston Salem, NC 27107
      View Details
    • $4 SF/Yr
      96,248 SF

      Waughtown Street Flex Space Available

      Forsyth County industrial flex space, 25,207-96,248 SF
      1539 Waughtown St, Winston-Salem, NC 27107
      View Details
    • Contact for pricing

      Winston-Salem Industrial Facility For Rent

      Versatile industrial facility suitable for manufacturing, distribution, or warehousing.
      1624 Union Cross Rd, Winston Salem, NC 27107
      View Details
    • Contact for pricing

      Winston-Salem Industrial Facility For Rent

      Versatile industrial facility suitable for manufacturing, distribution, or warehousing.
      1624 Union Cross Rd, Winston Salem, NC 27107
      View Details

    Property Visit Statistics

    • Visits by month
      9.8k
    • Visitors by month
      5.3k
    • Avg Time on site
      7 min
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    Winston Salem, NC 27107-3231
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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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