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What is the 2% rule?
Half our readers knew what the 2% rule in commercial real estate typically suggests.
For the other half, we’ll make it quick: The 2% rule is a real estate gut-check. If a property’s monthly rent is about 2% of what you paid for it (including any upfront repairs), it might be a solid cash-flow play.
Listed
Editor’s Pick
The Knollwood | Multiple suites | $22–$25/sqft | Class A office complex with on-site dining, parking, and high visibility near Stratford Rd. and I-40, offering full-service office and retail options in Winston-Salem.
Retail, for lease
845 S. Poplar St. | ~1,000-2,000 sqft | $24/sqft NNN | Boutique wellness space at Salem Bottleworks with treatment rooms and studio layout in a walkable downtown Winston-Salem setting.
Office, for lease
1102 Reynolda Rd. | Single suite | $750/month | Boutique office space in Buena Vista with shared amenities, located above popular retail and within a walkable, amenity-rich Winston-Salem neighborhood.
235 S. Church St. | 3,486 sqft | $13/sqft annually (NNN) | Historic Leinbach House office with large private rooms, on-site parking, and walkable access to downtown Winston-Salem amenities.
Office, for sale
205 W. Third St. | 4,370 sqft | $489,000 | Two-story downtown office building with flexible layout and owner-user or multi-tenant potential, located in an opportunity zone near Winston-Salem’s core amenities.
Investment, for sale
823 W. Seventh St. | 943 sqft | $249,900 | Turnkey short-term rental property near downtown Winston-Salem with established Airbnb history and walkable access to local restaurants and breweries.
Heads up for commuters: Winston-Salem Transit will now operate digitally. Starting today, April 13, pay fares via UMO.
Real Estate
Greystone and Harmony Housing Affordable Development have acquired four apartment communities in Forsyth County for $22.28 million and plan to rehabilitate the properties. (Triad Business Journal)
Civic
The Forsyth County Sheriff’s Office is projected to exceed its budget by about $1 million. A public hearing is set for Monday, May 18 at 6 p.m. at the Forsyth County Government Center. (WFDD)
Agriculture
Over 120 workers at Dairy Farmers of America in Winston-Salem voted to join Teamsters Local 391 — which represents NC workers in industries like dairy processing, warehousing, and distribution. (Winston-Salem Journal)
Job
Paul Davis Restoration is hiring a Director of Mitigation ($85,000–$100,000). The role will lead large-scale restoration operations, oversee multi-team performance and P&L, and manage client and insurance relationships across mitigation projects. Apply online.
Network
Pro tip: Use LinkedIn’s “Jobs” tab and filter by “in my network” to find roles at companies where you already have a connection. Another reason to build strong relationships like our own Kellina Wanteu.
Health
ECU Health is seeking state funding to reopen Martin General Hospital as North Carolina’s first Rural Emergency Hospital. The proposal faces a major hurdle as lawmakers weigh a $220 million funding request amidst ongoing budget negotiations. (North Carolina Health News)
Plan Ahead
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