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    3200 Silas Creek Pkwy Winston-Salem, NC 27103
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    Property profile & analytics

    3200 Silas Creek Pkwy Winston-Salem, NC 27103

    View on Map
    • Retail space
    • 44,930 SF
    • 5.30 lot acres
    For Lease
    $7,430,000
    View Listing →
    Commercial Space For Lease For Lease
    $7,430,000

    Commercial Space For Lease

    Commercial space available for lease in Winston-Salem.

    3200 Silas Creek Parkway, Winston-salem, NC 27103
    View Listing
    Property ID
    US53-0325786
    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.
    Value Estimations
    $7,430,000
    Cap Rate Potential
    6.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Burlington / Clothing & Fashion Store
    • Claire's / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • Amazon Locker - Rena / Postal Service / Courier Service

    Property Details for 3200 Silas Creek Pkwy

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    5.30 lot acres
    Property size
    44,930 SF
    Zone code
    GB-S
    Property type
    Retail space
    APN
    6814-77-7009.00
    APU
    681477700900

    Description

    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.

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,650,000
      Market price range: $2.90M - $8.61M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2935
    Latitude
    36.0705
    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
    2024
    $79,567
    $3,525,000
    $2,099,100
    $5,624,100
    -
    $3,525,000
    $2,099,100
    $5,624,100

    Comparable in this City

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    • Value Estimation
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      13,480 SF

      3708 Creekshire Ct

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    • Value Estimation
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      10,499 SF

      1930 Healy Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,499 SF
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    • Value Estimation by Request
      3.56 Acres

      2530 Empire Dr

      RETAIL STORES (PERSONAL SERVICES) • 3.56 Acres
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    • Value Estimation
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      91,732 SF

      514 Stratford Rd

      RETAIL STORES (PERSONAL SERVICES) • 91,732 SF
      514 Stratford Rd, Winston Salem, NC 27103-1823
      View Details
    • Value Estimation
      $1,320,000
      12,500 SF

      636 Stratford Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,500 SF
      636 Stratford Rd, Winston Salem, NC 27103-1756
      View Details

    Similar Nearby for Sale

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      1.11 Acres

      Winston-Salem Commercial Land Available

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    • $6,750,000
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    • $275,000

      Land Available For Sale

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      Clemmons Industrial Land For Sale

      Industrial land in Clemmons location, close to I-40.
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    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space Near Hanes Mall

      Retail space available near Hanes Mall, Winston-Salem.
      3206-3282 Silas Creek Pkwy, Winston-Salem, NC 27103
      View Details
    • $24 SF/Yr
      1,979 SF

      Retail Space Near Thruway Center

      Retail space available in high-traffic Winston-Salem location.
      205 S Stratford Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      27,267 SF

      Retail Space Available For Lease

      Spacious retail property with ample parking and convenient loading access.
      1612 S Stratford Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      3,533 SF

      Retail Space Near Hanes Mall

      Retail space with frontage on Hanes Mall Boulevard.
      140 Hanes Sq Shop Cir, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      3,639 SF

      Retail Space Available For Rent

      Retail space available for rent in Winston-Salem, NC.
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      View Details
    • Contact for pricing
      7,500 SF

      Winston-Salem Retail Space Available

      Retail space in desirable Winston-Salem retail corridor.
      1850 Healy Dr, Winston-Salem, NC 27103
      View Details
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    Winston-Salem, NC 27103
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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.

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