165 Carriage CtWinston-Salem, NC 27105

Property Details for 165 Carriage Ct

Year built

2001

Construction

BRICK

Lot size

5.90 AC

Property size (Sq ft)

37,071 SF

Zone code

GI

Property type

Office properties

Property subtype

Other office properties

APN

6828-78-8686.00

APU

682878868600

Description

This exceptional Class A, 37,000 square foot executive office building is situated on a 5.9-acre lot in Winston-Salem's Oak Summit Business Park, alongside Collins Aerospace. Built in 2002, the two-story building boasts a 100% occupancy rate with a single tenant under an absolute NNN lease expiring March 31, 2030 (5.4 years remaining). The asking price is $3,750,000, representing a compelling $101.35 per square foot and an 8.24% cap rate. The property features 147 parking spaces (a 4 per 1,000 square foot ratio), a convenient loading dock, an outdoor patio, and ample conference/collaboration areas. A state-of-the-art IT room with a fire suppression system and raised floor enhances functionality. Passenger elevators ensure efficient vertical transportation. The property's strategic location offers easy access to I-74/Hwy 52 and the Northern Beltway, with nearby restaurants, banks, and shopping amenities. Further expansion potential exists, with approximately 28,000 additional square feet of buildable space. This is a rare opportunity to acquire a fully leased, high-quality asset in a desirable location with significant long-term growth potential. The property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $4,067,124

  6.5%

  $3,754,268

  7%

  $3,486,106

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,705,532

  Geo Method

  $6,277,603

• Alternative Use

  Use

  Valuation

  Residential

  $4,655,292

  Hospitality

  $4,264,223

  Educational

  $3,547,784

  Medical

  $3,669,797

  Retail

  $5,518,774

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.1852

Longitude

-80.2609

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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