Property profile

4997 Home Rd Winston Salem, NC 27106

OFF-MARKET
Banks
Property ID
US53-1203215
6,544 SF 1.33 ac lot Built 1983
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 4997 Home Rd NW in Winston-Salem, North Carolina, presents a lucrative investment opportunity. The 6,500 square foot building sits on a 1.33-acre lot and is zoned Highway Business (HB), allowing for a variety of uses. Currently configured as a bank, this adaptable space offers high visibility and significant traffic due to its prime location on a signalized corner with access from both University Parkway and Home Road. The asking price is $1,500,000, translating to $230.77 per square foot. Its strategic location offers easy access to a thriving commercial corridor extending from downtown Winston-Salem to Rural Hall, ensuring consistent customer flow and strong potential for return on investment. The property's single building structure simplifies management and maintenance, making it an attractive option for both seasoned investors and new market entrants. This is a rare opportunity to acquire a high-traffic retail space in a desirable and rapidly developing area of Winston-Salem, Forsyth County, NC, zip code 27106. The property's size and zoning provide flexibility for a range of commercial ventures. Don't miss this chance to secure a prime location in a growing market.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1983
Construction BRICK
Total area 6,544 SF
Lot 1.33 ac (57,935 SF)
Zoning code HB
APN 6827-29-8506.00
UPID US53-1203215

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
  • Credit Union

Location

4997 Home Rd Winston Salem, NC 27106-2802
Winston Salem metro Census 2702 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$485k
Blend (final) Blend
$635k

Owner & transaction history

since 2025
Last sale
$775,000
3 recorded transactions
2025
$775,000
2009
Price N/A
2002
$700,000

Zoning & alternative use

HB · Winston Salem, NC
Zoning description

The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential

General category COMMERCIAL
Top alternative use upside
Restaurant $970,000 +43.0%

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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