895 Peters Creek PkwyWinston-Salem, NC 27103

Property Details for 895 Peters Creek Pkwy

Year built

1968

Construction

BRICK

Lot size

0.69 AC

Property size (Sq ft)

6,000 SF

Zone code

HB

Property type

Office properties

Property subtype

Other office properties

APN

6824-89-2863.00

APU

682489286300

Description

This Winston-Salem office complex offers diverse spaces ideal for various businesses. Two buildings totaling 11,000 square feet provide 1610 suites, with available spaces ranging from 450 to 1,160 contiguous square feet. The property, built in 1968 and renovated in 2013, is classified as Class C and sits on a 0.69-acre lot, zoned for Highway Business use (APN: 6824-89-2863, Forsyth County). The property features 43 total parking spaces. Multiple tenancy options are available, catering to businesses needing flexible space solutions. Its convenient location offers easy access to downtown Winston-Salem, Truist Stadium (one mile away), and numerous restaurants. The property boasts excellent highway access via Highway 421, Interstate 40, and US 52, minimizing commute times. All utilities are included in the lease. The minimum divisible space is 450 square feet, making it suitable for smaller businesses, while larger spaces are available for expansion. The property's tax rate is $0.91 per square foot. This versatile space is perfect for traditional office, coworking, creative office, executive office, or even medical office uses. The property is suitable for both office and retail tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $658,270

  6.5%

  $607,634

  7%

  $564,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $761,598

  Geo Method

  $1,016,040

• Alternative Use

  Use

  Valuation

  Residential

  $753,466

  Hospitality

  $690,171

  Educational

  $574,214

  Medical

  $593,962

  Retail

  $893,222

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.0785

Longitude

-80.2579

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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