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Property profile & analytics
FOR LEASE
Retail space
3200 Silas Creek Pkwy, Winston-Salem, NC 27103
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0325786
For Lease
1 / 8
$7,430,000
3200 Silas Creek Pkwy, Winston-Salem, NC 27103
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Property summary
AI-generated overview
This exceptional medical office building, Silas Creek Crossing, offers 205,498 square feet of prime space in Winston-Salem, North Carolina. Located at 3200 Silas Creek Pkwy, zip code 27103, this Forsyth County property boasts a multi-tenant configuration with ten suites available. The building offers flexible space options, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 4,850 square feet, catering to a variety of medical practices and businesses. Currently, there are 17,049 square feet of vacant space ready for immediate occupancy. The property is classified as both retail and office, making it suitable for a diverse range of medical-related tenants. Its convenient location in Winston-Salem provides excellent accessibility and visibility. This is a unique opportunity to secure high-quality medical office space in a thriving market. Interested parties should inquire about available suites and lease terms. The property is situated at 36.0703612 latitude and -80.293191 longitude.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Construction
STEEL FRAME
Total area
44,930 SF
Lot
5.3 ac (230,868 SF)
Zoning code
GB-S
APN
6814-77-7009.00
UPID
US53-0325786
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
-
Burlington Clothing & Fashion Store
-
Claire's (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Amazon Locker - Rena Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.13M
CAP Approach
CAP
$7.57M
Comparable Approach
Comparable
$6.65M
Blend (final)
Blend
$7.43M
Owner & transaction history
Starbucks Corporation · 1 yrs held
Starbucks Corporation
since 2025
6 recorded transactions
Zoning & alternative use
GB-S · Winston Salem, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+13.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winston-Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winston-Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,380,000
ML approach
$8,130,000
CAP Approach
CAP Return
Estimation
6%
$8,200,000
6.5%
$7,570,000
7%
$7,030,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,205,000
Current use
MEDICAL BUILDING
$7,055,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,810,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$7.43M
Range $6.69M – $8.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$165 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$79,567
Tax year 2024
Assessed value
$5,624,100
Assessed 2024
Previous assessed
$5,624,100
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$3,525,000
Assessed improvement
$2,099,100
Land market value
$3,525,000
Improvement market value
$2,099,100
Total market value
$5,624,100
Applied tax rate
13,164.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Total area
44,930 SF
Lot
5.3 ac (230,868 SF)
Zoning code
GB-S
APN
6814-77-7009.00
UPID
US53-0325786
Jurisdiction
FORSYTH
Zoning & alternative use
GB-S · Winston Salem, NC
Zoning GB-S · permitted uses
GB-S · Winston Salem, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winston Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$5.8M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Starbucks Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
565 TAXTER RD STE #400, ELMSFORD, NY 10523-2379
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
Starbucks Corporation
Silas Creek Improvements LLC
Deed
—
Feb 6, 2025
—
Silas Creek Improvements LLC
—
Deed
related
$19,400,000 · Webster Bank NA
Jan 10, 2022
$7,200,000
Silas Creek Improvements LLC
Zt Winston Salem Associates
Special Warranty Deed
$16,900,000 · Sterling National Bank
Jan 10, 2022
—
Silas Creek Improvements LLC
—
Deed
related
$950,000 · Sterling National Bank
Jul 3, 2019
—
Zt Winston Salem Associates
—
Deed
related
$5,300,000 · The Huntington National Bank
Aug 17, 2018
$2,650,000
Zt-winstom-salem Associates
Toys R Us-delaware INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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