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

    5802 Germanton Road Winston-Salem, NC 27105

    View on Map
    Pending
    $80,720

    LAND - Winston-Salem, NC

    Lot size:
    6.76 Acres
    Added:
    Nov 7, 2024
    Days on Market:
    510
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 5802 Germanton Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RS30
    Vegetation
    Partially Wooded
    Standard status
    Pending
    APN
    6829-94-5156, see remarks
    Lot size
    6.76 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxDescription
    LO:109F BL:2239

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Reynolds Mcfarlane

    Listing agent Reynolds Mcfarlane License #341519

    Listing office Carolina Land Experts 509 W North st, Raleigh, NC

    Listing date Nov 7, 2024

    MLS# 10062133 Listing URL

    Copyright © 2026 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    6.7 Acres at Germanton Road

    This 6.7-acre parcel is located at the intersection of Germanton Rd and I-74 in a fast-growing market. Zoned RS30, the property has public water access, excellent visibility, and accessibility. This land comprises four parcels sold together, identified as GIS#s 6829-94-5156.00, 6829-94-8072.00, 6829-94-8181.00, 6829-94-9207.00 and NCDOT# 260941, 260112, 235211, 234402 (use 260941 for bidding). It is located in Winston-Salem, NC. This high-traffic location provides an outstanding opportunity for growth. The property is suitable for developers or investors. The lot size is not guaranteed and should be verified independently by the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.255387
    Latitude
    36.200494

    Nearby Similar for Sale

    • $535,000

      Ardmore Quadruplex Investment Opportunity

      Four-unit investment property in the heart of Ardmore, Winston-Salem.
      678 Irving Street, Winston-Salem, NC 27103
      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
    • $25,000

      Residential Lots in Forsyth County

      Two connected lots for new construction or investment.
      4311 Old Greensboro Road, Winston-Salem, NC 27101
      View Details
    • $400,000

      Winston-Salem Land Parcel

      4.89 acres of land near Hwy 52.
      0 Winnipeg Street, Winston-Salem, NC 27105
      View Details
    • $55,000

      Cleared Lot For Dream Home

      Cleared homesite with city utilities, convenient to amenities.
      5508 Winona Street, Winston-Salem, NC 27106
      View Details
    • $800

      Land in Forsyth County Auction

      Land available through online auction in Forsyth County, North Carolina.
      Bruce Street, Winston-Salem, NC 27107
      View Details
    • $13,000

      Residential Land in Winston-Salem

      0.6-acre parcel zoned for single-family residential use.
      5040 Baux Mountain Road, Winston-Salem, NC 27105
      View Details
    • $40,000

      Wooded Acreage in Growing Area

      6.6 acres near HWY 421, suitable for residential development.
      310 Hastings Hill Road, Winston-Salem, NC 27284
      View Details
    • $400

      Land Available in Winston-Salem, NC

      Land for sale via online auction in Forsyth County.
      Clemmonsville Road, Winston-Salem, NC 27127
      View Details
    • $15,000

      Residential Land in Winston-Salem, NC

      Two connected lots for new construction or investment.
      4375 Allen Drive, Winston-Salem, NC 27101
      View Details
    • $15,000

      Residential Land in Winston-Salem, NC

      Two connected lots for new construction or investment opportunity.
      4357 Allen Drive, Winston-Salem, NC 27101
      View Details
    • $800

      Forsyth County Land Auction Opportunity

      Land in Forsyth County offered via online auction.
      1104 Bruce Street, Winston-Salem, NC 27107
      View Details

    FAQs

    What type of property is this?
    Land - 6.7-acre parcel at the intersection of Germanton Rd and I-74.
    Where is this land located?
    The property is located at 5802 Germanton Road Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $80,720.
    What are key features of this property?
    This property features: 6.7‑acre parcel at the intersection of Germanton Rd and I‑74.; Located in a fast‑growing, dynamic market.; Zoned RS30, suitable for developers or investors.
    (919) 275-5868
    We can help!
    Listing Contact
    Reynolds Mcfarlane
    Real Estate License ID: 341519
    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!