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    Property profile & analytics

    235 Cherry St Winston Salem, NC 27101-3954

    • Hotels
    • 74,452 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    $13,925,000
    Last Sale
    Apr 01, 2020
    $14,575,000
    Location Intelligence
    Property ID
    US53-1916810
    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

    • Hampton Inn & Suites Winston-Salem Downtown / Hotel
    • Hilltop / Apartment Rental Agency
    • Total Marketing / Marketing Consultant

    Property Details for 235 Cherry St

    Year built
    2017
    Lot size
    0.66 lot acres
    Property size
    74,452 SF
    Zone code
    CB WO
    Property type
    Hotels
    APN
    6835-16-7549.00
    APU
    683516754900

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $15,610,000
      6.5%
      $13,770,000
      7%
      $15,625,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $13,230,000
      Geo Method
      $14,040,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $13,970,000
      Retail
      $14,350,000
      Mixed-Use
      $12,615,000
      Hospitality
      $12,385,000
      Educational
      $14,370,000
      Residential Income
      $13,840,000
      Energy
      $13,200,000
      Income-Based Land
      $13,925,000
      Food Service
      $11,525,000

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2465
    Latitude
    36.0972
    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
    2023
    $120,795
    $678,900
    $9,419,800
    $10,098,700
    -
    $678,900
    $9,419,800
    $10,098,700

    Comparable in this City

    • Value Estimation
      $990,000
      12,884 SF

      200 Brookstown Ave, Unit 3

      HOTEL • 12,884 SF
      200 Brookstown Ave, Winston Salem, NC 27101-5209
      View Details
    • Value Estimation by Request
      277,660 SF

      51 4th St

      HOTEL • 277,660 SF
      51 4th St, Winston Salem, NC 27101-4109
      View Details
    • Value Estimation
      $7,420,000
      219,294 SF

      425 Cherry St

      HOTEL • 219,294 SF
      425 Cherry St, Winston Salem, NC 27101-2896
      View Details
    • Value Estimation
      $1,050,000
      14,130 SF

      200 Brookstown Ave, Unit 4

      HOTEL • 14,130 SF
      200 Brookstown Ave, Winston Salem, NC 27101-5209
      View Details
    • Value Estimation by Request
      146,497 SF

      51 4th St

      HOTEL • 146,497 SF
      51 4th St, Winston Salem, NC 27101-4109
      View Details
    • Value Estimation by Request
      209,351 SF

      460 Cherry St

      HOTEL • 209,351 SF
      460 Cherry St, Winston Salem, NC 27101-2898
      View Details

    Similar Nearby for Sale

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      Prime .56-acre commercial lot, ideal for development.
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    Similar Nearby for Lease

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      Prestigious Winston-Salem office tower, suites available.
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      View Details
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      Executive/Creative Office, 5,115 SF Available
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      View Details
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      Forsyth County Flex Space Available

      Industrial Flex Space: Lease Now!
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    • $15 SF/Yr
      2,050 SF

      Winston-Salem Office Space for Lease

      2,050 sq ft Office, Downtown Winston-Salem
      119 Brookstown Ave, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      5,286 SF

      Historic Hylehurst Office Suites

      Charming Downtown Winston-Salem Office Space
      224 Cherry St, Winston-Salem, NC 27101
      View Details
    • $525 /Mo
      180 SF

      Keyman Office Space For Rent

      First floor office space with shared amenities and utilities included.
      632 Holly Ave, Winston Salem, NC 27101
      View Details

    Property Visit Statistics

    • Visits by month
      5.7k
    • Visitors by month
      3.0k
    • Avg Time on site
      391 min
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    235 Cherry St
    Winston Salem, NC 27101-3954
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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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