5914 University Pkwy Winston Salem, NC 27105-1342
Property profile & analytics
5914 University Pkwy Winston Salem, NC 27105-1342
- Retail space
- 6,975 SF
- 1.07 lot acres
Property ID
US53-1862521
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.
Location Intelligence
Current Use by Public Records
- Verizon Business Services / Business To Business Service
- Verizon / Mobile Phone Store / Electronics & Wireless Store
Property Details for 5914 University Pkwy
- Year built
- 2008
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.07 lot acres
- Property size
- 6,975 SF
- Zone code
- HB
- Property type
- Retail space
- APN
- 6828-38-6427.00
- APU
- 682838642700
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,715,000
- ML approach
- $3,615,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Winston Salem
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.2754
- Latitude
- 36.1845
- 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
$35,720
$984,400
$1,360,300
$2,344,700
-
$984,400
$1,360,300
$2,344,700
