160 Carriage CtWinston-Salem, NC 27105

  • Industrial properties
  • 13,702 SF
For Sale
$1,800,000 View listing

Property Details for 160 Carriage Ct

Year built
2006
Construction
BRICK
Lot size
1.77 AC
Property size (Sq ft)
13,702 SF
Zone code
GI
Property type
Industrial properties
APN
6828-78-7249.00
APU
682878724900

Description

This exceptional Class A, 13,724 square foot flex/warehouse property is located at 160 Carriage Court, Winston-Salem, NC 27105, within the Oak Summit Business Park. Built in 2006, this single-story building sits on a 1.77-acre lot and boasts a 20-foot ceiling height, one loading dock with a 14'x20' dock-high door, and ample parking for 14 vehicles. Currently 100% occupied by a single tenant under an absolute NNN lease expiring March 30, 2030, this investment opportunity offers a 7.00% cap rate and is priced at $1,800,000 ($131.16/sq ft). The property is zoned GI and offers significant expansion potential—approximately 6,000 additional square feet. A 2,478 square foot mezzanine adds valuable extra space. The strategic location provides easy access to I-74/Hwy 52 and the Northern Beltway, with nearby amenities including restaurants, banks, and shopping. The tenant is a creditworthy business, ensuring a stable income stream. This property presents a rare opportunity to acquire a high-quality, fully leased industrial asset in a prime location. The Forsyth County address and APN 6828-78-7249 further identify this exceptional investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,801,670
    6.5%
    $3,509,240
    7%
    $3,258,580
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,782,780
    Geo Method
    $3,712,470
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $1,718,660
    Mixed-Use / Specialty
    $1,648,810
    Hospitality / Lodging
    $1,126,720
    Office
    $1,572,650
    Institutional / Educational
    $1,691,330
    Residential Income
    $1,978,860
    Multifamily
    $2,726,580
    Automotive / Energy
    $1,449,710
    Parking / Income-Based Land
    $563,230
    Restaurant / Food Service
    $721,574
    Healthcare / Senior Housing
    $1,756,170

Location Insight

City
Winston Salem
County
Forsyth
State
North Carolina
Latitude
36.1841
Longitude
-80.2614
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
$18,140
$229,400
$1,063,700
$1,293,100
-
$229,400
$1,063,700
$1,293,100

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