Property profile

5914 University Pkwy Winston Salem, NC 27105

OFF-MARKET
Retail space
Property ID
US53-1862521
6,975 SF 1.07 ac lot Built 2008
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 7,000-square-foot retail building situated on a 1.07-acre lot in Winston-Salem, North Carolina. The property boasts 100% occupancy with two prominent national tenants: Verizon Wireless and Krispy Kreme. Both tenants occupy a single building constructed in 2008, offering a long-term, stable income stream. Verizon Wireless occupies 4,500 square feet with approximately 6.4 years remaining on their lease, including a 10% rent increase option. Krispy Kreme occupies 2,500 square feet with approximately 5.2 years remaining on their lease, also including a 10% rent increase option in each of three 5-year periods. The property generates a substantial net operating income (NOI) of $239,467, resulting in a compelling 6.25% capitalization rate. The asking price is $3,831,500. The property benefits from a prime location directly across from a major shopping center anchored by Sam's Club and Lowe's, and within close proximity to numerous other retail establishments, including Walmart, Target, and various restaurants. Its strategic location is further enhanced by its proximity to Wake Forest University, a significant draw for students and staff. Ample parking is available with 45 spaces. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with significant upside potential. The property is offered as a net lease investment, providing a passive income stream with minimal management responsibilities.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,975 SF
Lot 1.07 ac (46,609 SF)
Zoning code HB
APN 6828-38-6427.00
UPID US53-1862521

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
  • Business To Business Service
  • Mobile Phone Store Electronics & Wireless Store

Location

5914 University Pkwy Winston Salem, NC 27105-1342
Winston Salem metro Census 2806 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.62M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.72M

Owner & transaction history

since 2025
Last sale
$3.3M
6 recorded transactions
2025
$3.3M
2020
$3.8M
2016
$3.1M
2009
$3.0M
2008
$1.2M
2000
$500,000

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

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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