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    514 S Stratford Rd Winston-Salem, NC 27103
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    Property profile & analytics

    514 S Stratford Rd Winston-Salem, NC 27103

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    • Retail space
    • 91,732 SF
    • 2.49 lot acres
    For Lease
    $6,355,000
    View Listing →
    Winston-Salem Class B Office Building For Lease
    $6,355,000
    60,000 SF

    Winston-Salem Class B Office Building

    Four-story office building with flexible space and ample parking.

    514 S Stratford Rd, Winston-salem, NC 27103
    View Listing
    Property ID
    US53-0528131
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Matt Hodges - Mitchell Prime Properties Realtor / Real Estate Agency
    • Bill Reynolds | Fairway Independent Mortgage Corporation SVP Area Manager / Loan Service / Bank
    • Ryan A Reynolds | Fairway Independent Mortgage Corporation Senior Loan Officer / Loan Service / Bank
    • Lisa S Wright | Fairway Independent Mortgage Corporation Mortgage Specialist / Loan Service / Bank
    • Matthew Bailey | Fairway Independent Mortgage Corporation Loan Officer / Loan Service / Bank

    Property Details for 514 S Stratford Rd

    Year built
    1975
    Lot size
    2.49 lot acres
    Property size
    91,732 SF
    Zone code
    GB
    Property type
    Retail space
    APN
    6815-93-6903.00
    APU
    681593690300

    Description

    This Winston-Salem, NC office property, Stratford Oaks, offers a variety of flexible spaces ideal for businesses seeking executive, traditional, or creative office environments. Located at 514 S Stratford Rd, 27103, near Knollwood, this three-story building provides single-tenant occupancy options ranging from 1,275 square feet to 6,217 square feet. Several suite configurations are available, including Suites 200 (1,247 sq ft) and 201 (1,377 sq ft), which can be combined for a total of 2,624 sq ft. Street-level space is also available in Suite 230 (1,839 sq ft). The third floor features several options, including Suites 301 (2,195 sq ft), 305 (1,807 sq ft), and 330 (1,275 sq ft). The property boasts ample parking with 225 surface and covered spaces. Its convenient location offers easy access to Stratford Road and Salem Parkway. The property is zoned for both office and retail use, providing versatility for various business needs. Forsyth County location. This is a fantastic opportunity for businesses seeking a well-located, adaptable workspace in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,139,000
      Market price range: $5.92M - $17.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Winston Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2874
    Latitude
    36.0894
    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
    $60,992
    $1,380,800
    $3,811,300
    $5,192,100
    -
    $1,380,800
    $3,811,300
    $5,192,100

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      49,437 SF

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      RETAIL STORES (PERSONAL SERVICES) • 49,437 SF
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    Similar Nearby for Sale

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      28,750 SF

      Stratford Road Commercial Land Parcel

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      Residential Land in Winston-Salem, NC

      Land offered for sale in Winston-Salem, North Carolina.
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      Wooded Lot in Winston-Salem

      0.59 acre wooded lot perfect for custom home.
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    Similar Nearby for Lease

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      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
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      Winston-Salem Class B Office Building

      Four-story office building with flexible space and ample parking.
      514 S Stratford Rd, Winston-Salem, NC 27103
      View Details
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      Retail Space Near Wake Forest

      Retail space available in Cloverdale Plaza near Wake Forest.
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      Retail Space at Jonestown Road

      Retail space with high visibility and convenient location.
      301 Jonestown Rd, Winston-Salem, NC 27103
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      Retail space in Winston-Salem's primary retail corridor.
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      Retail Space Near Hanes Mall

      Retail space with high visibility near major retailers.
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    View Listing
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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.

    More about this property
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    514 S Stratford Rd, Winston-Salem, NC, 27103
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