Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3 Old Mill Road Pinnacle, NC 27043

    View on Map
    For Sale
    Under Contract
    $119,900

    Unimproved Land - Pinnacle, NC

    Type:Unimproved Land
    Lot size:
    5.45 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    13
    Last Refresh:
    Apr 4 at 9:06 am

    Property Features for 3 Old Mill Road

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Zoning
    RA
    Standard status
    Active Under Contract
    Lot size
    5.45 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Shipley
    John Shipley

    Listing agent John Shipley

    Listing office Shipley Co LLC 627 Lankashire Rd, Winston-Salem, NC

    Listing date Mar 23, 2026

    MLS# 1213020 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.

    Overview

    Pinnacle, NC Unimproved Land

    This 5.45 acre building lot is located just outside Pinnacle and is part of an exclusive 110-acre, 9-lot community. Additional lots ranging from 3.6 to 31 acres are available. The community is protected by seller-imposed covenants designed to preserve natural beauty, aesthetics, and rural character. The lot features approximately 350 feet of paved public road frontage, power, fiber internet, and percable soils. The front field is essentially flat, making it suitable for a homesite. Sauratown Mountain provides a backdrop. Residents have direct access to the 27+ mile Sauratown Mountain Trail for public hiking and horseback riding. The back of the lot is wooded and includes creek frontage. The property is located 21 minutes from Winston-Salem and 7 minutes from Pilot Mountain. The property is zoned RA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pinnacle
    County
    Stokes
    State
    North Carolina
    Longitude
    -80.405015
    Latitude
    36.363687

    Nearby Similar for Sale

    • $179,900

      Pinnacle Land with Mountain Views

      7.87 acres near Sauratown Mountain Trail, ideal homesite.
      1-2 Flat Rock Road, Pinnacle, NC 27043
      View Details
    • $119,900

      Pinnacle Land with Mountain Views

      3.63 acre building lot with utilities and mountain views.
      4 Old Mill Road, Pinnacle, NC 27043
      View Details
    • $150,000

      Land with Pilot Mountain View

      5.18 acres near Pilot Mountain State Park with singlewide.
      538 & 545 Culler Road, Pinnacle, NC 27043
      View Details
    • $45,000

      Residential Land with Mountain Views

      Cleared 0.85-acre homesite with mountain views near Hwy 52.
      0 Creekside Way Road, Pinnacle, NC 27043
      View Details
    • $80,000

      Residential Land in Pinnacle, NC

      2.27 acre tract for single family residence.
      0 Brims Grove Road, Pinnacle, NC 27043
      View Details
    • $18,000

      Wooded Lot with Mountain View

      Wooded lot near Pilot Mountain, ideal for home or getaway.
      00 Pinnacle Hotel Road, Pinnacle, NC 27043
      View Details
    • $30,000

      Pinnacle, NC Residential Land

      Two joining parcels totaling 1.4 acres in Pine Knolls.
      0 Pine Ridge Trail, Pinnacle, NC 27043
      View Details
    • $25,000

      Pinnacle, NC Vacant Land

      Vacant lot in Pinnacle, NC, no HOA, easy build.
      2513 NC-268, Pinnacle, NC 27043
      View Details
    • $30,000

      Pinnacle, NC Wooded Homesite

      0.63-acre wooded homesite in Stokes County with development potential.
      Shady Lane, Pinnacle, NC 27043
      View Details
    • $49,000

      Residential Land in Pinnacle, NC

      Land available in Pinnacle, North Carolina.
      0 N Old 52 Road, Pinnacle, NC 27043
      View Details
    • $65,000

      Residential Land with Mountain View

      3.04 acres of residential land with views of Pilot Mountain.
      3.04 Ayers Road, Pinnacle, NC 27043
      View Details
    • $139,900

      Pinnacle, NC Unimproved Land

      10-acre lot suitable for single-family home, horses, recreation.
      5 Roby Fulk Road, Pinnacle, NC 27043
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.45 acre building lot near Sauratown Mountain Trail.
    Where is this residential land & home lot located?
    The property is located at 3 Old Mill Road Pinnacle, NC.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: Rare opportunity in an exclusive, covenant‑protected community preserving natural beauty.; Direct access to the 27+ mile Sauratown Mountain Trail for hiking and horseback riding.; **Ideal homesite with flat, percable land and stunning Sauratown Mountain views.**
    (336) 497-0749
    We can help!
    Listing Contact
    John Shipley
    John Shipley
    Real Estate License ID: 265293
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!