Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2415 Hillcrest Ctr Cir Winston Salem, NC 27103-3048

    • Commercial land
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1786715
    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

    • Commercial land

    Property Details for 2415 Hillcrest Ctr Cir

    Lot size
    1.70 lot acres
    Zone code
    MU-S
    Property type
    Commercial land
    APN
    6804-80-5597.00
    APU
    680480559700

    Description

    This exceptional 1.7-acre commercial land parcel presents a remarkable investment opportunity in Winston-Salem, NC. Located at 2415 Hillcrest Center Cir, zip code 27103, this single-tenant property (APN 6804-80-5597.00) boasts over 200 feet of high-visibility frontage along a main thoroughfare, experiencing a high traffic count exceeding 30,000 vehicles. Its strategic corner location at the intersection of S Stratford Road and Hillcrest Center Drive ensures maximum exposure for any development. The site is already graded and features paved streets and existing common stormwater infrastructure, significantly reducing development costs and timelines. This property is ideally suited for build-to-suit projects or land lease arrangements, offering flexibility to potential investors. The seller is open to exploring various options, including sale or lease. Furthermore, an adjacent 2.95-acre parcel is also available for development, presenting a unique opportunity to acquire a larger contiguous land holding in this rapidly growing area of Winston-Salem. This prime location and the site's readiness for immediate development make this an exceptional opportunity for investors seeking high-impact commercial real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.3241
    Latitude
    36.0524
    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
    $9,977
    $745,200
    $0.00
    $745,200
    -
    $745,200
    $0.00
    $745,200

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Genia Dr

      VACANT COMMERCIAL LAND • 0.08 Acres
      Genia Dr, Winston Salem, NC 27103
      View Details
    • Value Estimation by Request
      0.10 Acres

      Hannaford Rd

      VACANT COMMERCIAL LAND • 0.10 Acres
      Hannaford Rd, Winston Salem, NC 27103
      View Details
    • Value Estimation by Request
      0.12 Acres

      Hawthorne Rd

      VACANT COMMERCIAL LAND • 0.12 Acres
      Hawthorne Rd, Winston Salem, NC 27103
      View Details
    • Value Estimation by Request
      1.00 Acre

      4027 Vest Ml Rd

      VACANT COMMERCIAL LAND • 1,188 SF
      4027 Vest Ml Rd, Winston Salem, NC 27103-1305
      View Details
    • Value Estimation by Request
      0.41 Acres

      Kimel Park Dr

      VACANT COMMERCIAL LAND • 0.41 Acres
      Kimel Park Dr, Winston Salem, NC 27103
      View Details
    • Value Estimation by Request
      0.07 Acres

      Stratford Ct

      VACANT COMMERCIAL LAND • 0.07 Acres
      Stratford Ct, Winston Salem, NC 27103
      View Details

    Similar Nearby for Sale

    • $80,000
      0.26 Acres

      Winston-Salem Commercial Land Available

      Commercial land for sale in Winston-Salem, North Carolina.
      Silas Creek Pkwy, Winston Salem, NC 27103
      View Details
    • $199,500
      0.74 Acres

      Winston-Salem Commercial Land For Sale

      Unique 0.74-acre commercial land zoned RM18 in Winston-Salem, NC.
      1504 Miller St, Winston Salem, NC 27103
      View Details
    • $400,000
      2.56 Acres

      Winston-Salem Land For Sale

      2.56 acre commercial land with high visibility and frontage.
      1470 Westbrook Plaza Dr, Winston Salem, NC 27103
      View Details
    • $144,000
      0.66 Acres

      Westgate Center Office Land

      Prime Winston-Salem Office Land, 0.66 Acres
      3650 Westgate Ctr Cir, Winston-Salem, NC 27103
      View Details
    • $525,000
      2.00 Acres

      Clemmons Commercial Land - 2 Acres

      Prime 2-acre commercial/industrial lot in Clemmons, NC.
      4320 Kinnamon Vlg, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      0.44 Acres

      Residential Lot in Ashford Subdivision

      Unique sloping lot ideal for custom basement home construction.
      2112 Hollinswood Ct, Winston Salem, NC 27103
      View Details

    Similar Nearby for Lease

    • $80,000
      56,628 SF

      Prime Winston-Salem Commercial Land

      1-Acre Commercial Lot, Excellent Location
      2414 Stratford Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      11,477 SF

      Winston-Salem Retail Center

      High-Visibility Retail Opportunity in Winston-Salem
      1606 Stratford Rd, Winston-Salem, NC 27103
      View Details
    • $24 SF/Yr
      132,190 SF

      Cloverdale Plaza Retail Space

      Winston-Salem retail center, high traffic.
      0 Cloverdale Ave & Miller St, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      126,940 SF

      Pavilions Shopping Center: Winston-Salem

      High-traffic retail center, 8 spaces available
      694 Hanes Mall Blvd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      64,143 SF

      Kinnamon Village Retail Center

      Clemmons Shopping Center, Two Suites Available
      4380 Kinnamon Village Dr, Clemmons, NC 27103
      View Details
    • $37 SF/Yr
      10,456 SF

      Winston-Salem Executive Office Suites

      Prestigious A-Class Office Space, Flexible Options
      615 St. George Sq Ct, Winston-Salem, NC 27103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2415 Hillcrest Ctr Cir
    Winston Salem, NC 27103-3048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.