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    Property profile & analytics

    2495 Hickory Tree Rd Winston Salem, NC 27127

    • Retail properties & Spaces
    • 64,904 SF
    • 1.49 lot acres
    For Sale
    View listing
    $139,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-3580091
    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

    • Retail properties & Spaces

    Property Details for 2495 Hickory Tree Rd

    Lot size
    1.49 lot acres
    Property size
    64,904 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This 1.49-acre parcel, located at 2495 Hickory Tree Road in Winston-Salem, North Carolina, presents a compelling commercial development opportunity. Zoned Rural Commercial, this property offers 279 feet of frontage on Hickory Tree Road, boasting an average daily traffic count of 10,500 vehicles. The land is generally level at the road and slopes gently southward. Utilities including water, gas, and electricity are readily available at the site

    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
    Davidson
    State
    North Carolina
    Longitude
    -80.2524
    Latitude
    35.9909

    Comparable in this City

    • Value Estimation by Request
      2.25 Acres

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    • Value Estimation by Request
      12.71 Acres

      5251/5255 Peters Creek Pkwy

      Multifamily properties • 12.71 Acres
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      3.94 Acres

      1460 Old Salisbury Rd

      Multifamily properties • 3.94 Acres
      1460 Old Salisbury Rd, Winston-Salem, NC 27127
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    • Value Estimation by Request
      15.67 Acres

      Peters Creek Pkwy

      Land • 15.67 Acres
      0 Peters Creek Pkwy, Winston-Salem, NC 27127
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    • Value Estimation by Request
      76,512 SF

      5026 Peters Creek Pkwy

      Retail properties & Spaces • 76,512 SF
      5026 Peters Creek Pkwy, Winston-Salem, NC 27127
      View Details
    • Value Estimation by Request
      1,200 SF

      12201 Nc-150

      Neighborhood centers • 1,200 SF
      12201 Nc-150, Winston-Salem, NC 27127
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land on Peters Creek Parkway

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      Land For Sale

      Land available for sale in Winston-Salem, North Carolina.
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      25 Acres Land For Sale

      25 +/- acres of land available on corner lot.
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      Land Parcel Near US-52

      22-acre land parcel with creek, pond, and utilities.
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      1.83 Acres of Land

      1.83 acres of land available for sale.
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      0.53 Acres

      Winston-Salem Commercial Lot For Sale

      0.53 acre commercial lot suitable for various business ventures.
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    Similar Nearby for Lease

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      Retail Space in Parkway Square

      Retail endcap space available in Parkway Square shopping center.
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      New Dollar General Plus Store

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    Winston Salem, NC 27127
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    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
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