Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Winston-Salem Land Parcel For Sale Title is generated by Realmo AI

    1291 Old Lexington Road, Winston-Salem, NC 27107

    View on Map
    Claim this Listing
    For Sale
    $41,000

    LAND - Winston-Salem, NC

    Type:Single Family Residence
    Lot size:
    0.56 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    61
    Last Refresh:
    May 15 at 5:06 pm

    Property Features for 1291 Old Lexington Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RS9
    Standard status
    Active
    Lot size
    0.56 Acres

    We can help!

    Listing Contact
    Toby Russell
    Toby Russell

    Listing agent Toby Russell License #305135

    Listing office NorthGroup Real Estate Cornelius, NC

    Listing date Mar 16, 2026

    MLS# 1166633 Listing URL

    Copyright © 2026 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive parcel size offering development potential for a home or investment project.
    • Zoned for double‑wide homes, offering a specific building option.
    • Convenient location near amenities and highways.
    • Prime opportunity in Winston‑Salem, NC.
    • Temporary power appears to be present nearby (buyer to verify).

    Overview

    This 0.56-acre land parcel is located in Winston-Salem, North Carolina. The property is zoned to allow double-wide homes, but single-wide homes are not permitted. It is conveniently located near amenities and highways. The property offers development potential and is suitable for building a home or for use as an investment project. Temporary power appears to be present nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.183
    Latitude
    36.0182

    Nearby Similar for Sale

    • $585,000
      5,240 SF

      Winston-Salem Retail/Commercial Opportunity

      Located near major highways, ideal for commercial growth and reach.
      5307 Peters Creek Parkway, Winston-Salem, NC 27127
      View Details
    • $499,500
      2,510 SF

      Ardmore Triplex Near Baptist Hospital

      Well-maintained triplex near Baptist Hospital with income potential.
      301 S Sunset Drive, Winston-Salem, NC 27103
      View Details
    • $1,124,000
      7,878 SF

      Highway 150 Commercial Opportunity

      Commercial/Light Industrial property with excellent tenants in ideal location.
      12394 NC Highway 150, Winston-Salem, NC 27127
      View Details
    • $785,000
      6,412 SF

      Retail Property in Winston-Salem

      Well-maintained retail property with high visibility and strong traffic.
      2910 Reynolda Road, Winston-Salem, NC 27106
      View Details
    • $95,000

      Winston-Salem Land For Sale

      4.3 acres available off 421 and S Peacehaven Road.
      S Peace Haven Road, Winston-Salem, NC 27104
      View Details
    • $339,900

      Prime Commercial Land Opportunity

      2.19 acres zoned HB, ideal for various commercial uses.
      3828 High Point Road, Winston-Salem, NC 27107
      View Details
    • $23,000

      Winston-Salem Builder-Ready Land Package

      Four adjoining lots ideal for new construction or long-term investment.
      1230 Kristy Park Court, Winston-Salem, NC 27107
      View Details
    • $38,000

      Winston-Salem Land Bundle Opportunity

      Four adjoining lots ideal for new construction or investment.
      4030-4034 Old Lexington Road, Winston-Salem, NC 27107
      View Details
    • $720,000

      Winston-Salem Multifamily Investment Opportunity

      Eight-unit multifamily portfolio in Winston-Salem's high-growth market.
      2810 Carriage Drive, Winston-Salem, NC 27106
      View Details
    • $23,000

      Winston-Salem Builder-Ready Land Package

      Four adjoining lots ideal for new construction or investment.
      1210 Kristy Park Court, Winston-Salem, NC 27107
      View Details
    • $85,000

      Vacant Land with Barn/Stable

      Flat 1.22 acre parcel near highways, ideal for building.
      Glenn HI Road, Winston-Salem, NC 27107
      View Details
    • $599,000
      16,991 SF

      Winston-Salem Church/Commercial Redevelopment Opportunity

      Large Winston-Salem church/commercial building on 1.04 acres for sale.
      1800 N Liberty Street, Winston-Salem, NC 27105
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land parcel in Winston-Salem, near amenities and highways.
    Where is this residential land & home lot located?
    The property is located at 1291 Old Lexington Road Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $41,000.
    What are key features of this property?
    This property features: Expansive parcel size offering development potential for a home or investment project.; Zoned for double‑wide homes, offering a specific building option.; Convenient location near amenities and highways.
    (336) 689-1702
    We can help!
    Listing Contact
    Toby Russell
    Toby Russell
    Real Estate License ID: 305135
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1291 Old Lexington Road, Winston-Salem, NC 27107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!