4997 Home RdWinston-Salem, NC 27106

Property Details for 4997 Home Rd

Year built

1983

Construction

BRICK

Lot size

1.33 AC

Property size (Sq ft)

6,544 SF

Zone code

HB

Property type

Retail properties

Property subtype

Banks

APN

6827-29-8506.00

APU

682729850600

Description

This exceptional retail property, located at 4997 Home Rd NW in Winston-Salem, North Carolina, presents a lucrative investment opportunity. The 6,500 square foot building sits on a 1.33-acre lot and is zoned Highway Business (HB), allowing for a variety of uses. Currently configured as a bank, this adaptable space offers high visibility and significant traffic due to its prime location on a signalized corner with access from both University Parkway and Home Road. The asking price is $1,500,000, translating to $230.77 per square foot. Its strategic location offers easy access to a thriving commercial corridor extending from downtown Winston-Salem to Rural Hall, ensuring consistent customer flow and strong potential for return on investment. The property's single building structure simplifies management and maintenance, making it an attractive option for both seasoned investors and new market entrants. This is a rare opportunity to acquire a high-traffic retail space in a desirable and rapidly developing area of Winston-Salem, Forsyth County, NC, zip code 27106. The property's size and zoning provide flexibility for a range of commercial ventures. Don't miss this chance to secure a prime location in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,055,392

  6.5%

  $974,208

  7%

  $904,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,093,236

  Geo Method

  $2,792,566

• Alternative Use

  Use

  Valuation

  Residential

  $821,781

  Hospitality

  $752,747

  Educational

  $626,276

  Medical

  $647,815

  Retail

  $974,208

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.16

Longitude

-80.2778

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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