Property profile

635 Coliseum Dr Winston Salem, NC 27106

OFF-MARKET
Banks
Property ID
US53-0576965
5,453 SF 0.9 ac lot Built 1968
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Winston-Salem office property, located at 635 Coliseum Dr NW, offers a single-tenant occupancy opportunity within a larger building. The 2,731 square foot space is situated in a Class B building constructed in 1968 and features two stories. The unit itself comprises 1,313 square feet on the first floor and 1,418 square feet on the second floor. This well-appointed space includes five private offices, a dedicated conference room, a convenient breakroom, and four bathrooms. Modern amenities such as an elevator, security alarm system, and two water fountains are also included. The property sits on 0.9 acres of land and boasts ample parking with 13 total spaces available. The building is zoned for General Business use, offering flexibility for a variety of professional uses. The property's Assessor's Parcel Number (APN) is 6826-76-4641. The total building size is 5,480 square feet. This is a fantastic opportunity for a business seeking a well-maintained, functional, and conveniently located office space in Winston-Salem, North Carolina.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1968
Construction BRICK
Total area 5,453 SF
Lot 0.9 ac (39,204 SF)
Zoning code GB
APN 6826-76-4641.00
UPID US53-0576965

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
  • Atm
  • Atm
  • Loan Service

Location

635 Coliseum Dr Winston Salem, NC 27106-5310
Winston Salem metro Census 1300 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.08M

Owner & transaction history

since 2022
Last sale
$800,000
4 recorded transactions
2022
$800,000
2005
Price N/A
2004
$316,000
2000
$470,000

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
Restaurant $810,000 +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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