Property profile

231 4th St Winston Salem, NC 27101

OFF-MARKET
Turn key restaurants
Property ID
US53-1414269
11,000 SF 0.13 ac lot Built 1912
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,250-square-foot office suite, located at 231 W. Fourth Street in the heart of Downtown Winston-Salem, offers a unique blend of modern amenities and historic charm. Recently renovated, the space boasts a stylish industrial aesthetic, highlighted by high ceilings, gleaming hardwood floors, exposed brick walls, and attractive wooden beam ceilings. Natural light floods the interior thanks to strategically placed skylights. The thoughtfully designed layout includes a welcoming lobby/reception area, perfect for creating a professional first impression. Three private offices provide ample space for individual work or team collaboration, while a dedicated conference room facilitates productive meetings. A well-equipped kitchen/breakroom offers a comfortable space for employees to relax and recharge. An expansive open workspace provides flexibility for various team configurations and workflows. Situated on the second floor, this suite offers a tranquil retreat from the city's energy, yet remains within easy walking distance of all the vibrant amenities Downtown Winston-Salem has to offer. Built in 1912, this building offers a unique blend of historical character and modern functionality. The property is a single-tenant space in Forsyth County, with an APN of 6835-17-8026. This is a rare opportunity to secure a sophisticated and functional office space in a highly desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1912
Construction CONCRETE
Total area 11,000 SF
Lot 0.13 ac (5,663 SF)
Zoning code CB WO
APN 6835-17-8026.00
UPID US53-1414269

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
  • Recording Studio

Location

231 4th St Winston Salem, NC 27101-2823
Winston Salem metro Census 100 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
$841k
Blend (final) Blend
$600k

Owner & transaction history

since 2016
7 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2016
$820,000
2009
Price N/A
2001
$450,000
2000
Price N/A

Zoning & alternative use

CB WO · Winston Salem, NC

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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