Property profile

3420 Patterson Ave Winston Salem, NC 27105

OFF-MARKET
Retail space
Property ID
US53-1698423
6,840 SF 1.25 ac lot Built 2004
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction STEEL FRAME
Total area 6,840 SF
Lot 1.25 ac (54,450 SF)
Zoning code GB
APN 6837-30-0023.00
UPID US53-1698423

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
  • Auto Parts Store

Location

3420 Patterson Ave Winston Salem, NC 27105-3627
Winston Salem metro Census 1400 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.15M
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.03M

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
1969
Price N/A

Zoning & alternative use

GB · Winston Salem, NC
Zoning description

The GB District is primarily intended to accommodate a wide range of retail, service, and office, and high density residential uses located along thoroughfares in areas which have developed with minimal front setbacks

General category COMMERCIAL
Top alternative use upside
Medical building $1.1M +65.3%
Auto repair, garage $885,000 +28.8%

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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