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    OFF-MARKET Estimated value $600,000
    Turn key restaurants

    231 4th St, Winston Salem, NC 27101-2823

    11,000 SF 0.13 ac lot Built 1912
    Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1414269
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The CMPND Recording Studio
    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
    Dfl Properties LLC · 10 yrs held
    Dfl Properties LLC
    since 2016
    7 recorded transactions
    2020
    2017
    2016
    2016
    $820,000
    2009
    2001
    $450,000
    2000
    Zoning & alternative use
    CB WO · Winston Salem, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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