Property profile

2600 Reynolda Rd Winston Salem, NC 27106

OFF-MARKET
Specialty properties
Property ID
US53-5786650
2,726 SF 0.67 ac lot Built 1984
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2,700 square foot, single-story veterinary clinic located at 2600 Reynolda Road, Winston-Salem, NC 27106. Built in 1984 and renovated in 2004, the property sits on a 0.67-acre lot (APN 6817-71-8233) and boasts a highly desirable LO zoning designation. Currently 100% leased to a reputable veterinary practice with 56 locations and a strong growth trajectory, the lease features seven years remaining with 2.5% annual rent increases and three 5-year renewal options. This translates to a compelling 7% cap rate on the $1,300,000 asking price. The property enjoys a high-profile corner location with nearly 30,000 vehicles passing daily, and its proximity to Wake Forest University further enhances its desirability. Landlord responsibilities are limited to structural elements such as load-bearing walls, supports, foundation, and exterior walls. This turnkey investment offers a stable income stream and significant long-term potential in a prime Winston-Salem location.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1984
Construction BRICK
Total area 2,726 SF
Lot 0.67 ac (29,185 SF)
Zoning code LO
APN 6817-71-8233.00
UPID US53-5786650

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
  • Veterinary Clinic
  • Veterinary Clinic

Location

2600 Reynolda Rd Winston Salem, NC 27106-3817
Winston Salem metro Census 2606 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2024
Last sale
$1.3M
4 recorded transactions
2024
$1.3M
2004
$575,000
2004
Price N/A
1969
Price N/A

Zoning & alternative use

LO · Winston Salem, NC
Zoning description

The LO District is primarily intended to accommodate moderately intense medical, professional, administrative, and government office uses on small to mid-sized sites, in a suburban setting

General category CIVIC_INSTITUTIONAL

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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