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Property profile & analytics
OFF-MARKET Estimated value $1,945,000
Strip malls

2808 Reynolda Rd Winston Salem, NC 27106-3102

84,582 SF 11.49 ac lot Built 1962
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US53-1029264
Property summary
AI-generated overview

Reynolda Manor Shopping Center, located at 2808 Reynolda Rd in Winston-Salem, NC 27106, presents a prime retail investment opportunity. This single-story, 153,343 square foot shopping center boasts 30 suites and is situated on a heavily trafficked retail corridor, offering excellent visibility and ample parking. Its strategic location at a signalized intersection provides multiple points of ingress and egress, ensuring easy accessibility for shoppers. Currently, 13,168 square feet of space is available, with individual suites ranging from 960 to 4,252 square feet, presenting opportunities for various retail businesses. The center benefits from its proximity to Wake Forest University, a significant draw with its nearly 9,000 students and over 6,500 faculty and staff. The Forsyth County location, zoned HB, further enhances its appeal. Adjacent vacancies offer a unique opportunity for restaurant development, capitalizing on the high foot traffic and proximity to the university. This well-established retail hub provides a strong foundation for future growth and profitability. The property consists of one building.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1962
Construction BRICK
Total area 84,582 SF
Lot 11.49 ac (500,504 SF)
Zoning code HB
APN 6817-63-0479.00
UPID US53-1029264
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
  • Camel City Cleaners (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.71M
Blend (final) Blend
$1.95M
Owner & transaction history
Bethabara Properties LLC · 4 yrs held
Bethabara Properties LLC
since 2021
2 recorded transactions
2021
Price N/A
2021
Price N/A
Zoning & alternative use
HB · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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