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

    8428 S Richardsonwood Road Browns Summit, NC 27214

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 8428 S Richardsonwood Road, Browns Summit, NC
    For Sale
    $87,500

    LAND - Browns Summit, NC

    Type:Single Family Residence
    Lot size:
    0.97 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    37
    Last Refresh:
    Apr 15 at 10:06 pm

    Property Features for 8428 S Richardsonwood Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RS-30
    Standard status
    Active
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Description
    FAIRGROVE MEADOWS SUBDIVISION LO46 PH2 PL220-147

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Water source
    Private, Well

    We can help!

    Listing Contact
    Joseph Pezik

    Listing agent Joseph Pezik License #284700

    Listing office Advantage Build, LLC Greensboro, NC

    Listing date Mar 10, 2026

    MLS# 1211150 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

    Browns Summit Building Lot

    This 0.97-acre building lot is located in a community in Browns Summit, North Carolina, offering a setting for a custom home. The lot backs up to a pond. Fairgrove Meadows provides a country feel with access to surrounding amenities. The location allows convenient access to Greensboro, Stokesdale, Reidsville, Summerfield, and Oak Ridge, with Danville, VA, and Martinsville, VA, also within driving distance. The property is located within 0.5 miles of a Voluntary Agricultural District. Additional lots and locations are available. Covenants, conditions, and restrictions apply, and there are low Homeowners Association dues. The tax parcel and tax information are based on a larger tract of land from which this was subdivided; new tax value information is not available at the time of listing. The property is zoned RS-30.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Auto Repair Shop Accounting Firm HVAC Service Electrical Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Browns Summit
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7263653
    Latitude
    36.2426022

    Nearby Similar for Sale

    • $74,750

      Residential Land in Browns Summit

      1.89 acre lot with septic permit on file.
      5765 Chrismon Road, Browns Summit, NC 27214
      View Details
    • $240,000

      Lake Front Homesite in Summit

      1.61 acre lake front property in Summit Lakes neighborhood.
      3715 Brooks Crest Court, Browns Summit, NC 27214
      View Details
    • $240,000

      Lake Front Property Homesite

      0.96 acre lake front homesite in Summit Lakes neighborhood.
      3721 Brooks Crest Court, Browns Summit, NC 27214
      View Details
    • $77,500

      Acre Building Lot in Browns Summit

      One acre building lot ideal for custom home in Browns Summit.
      8331 Fairgrove Church Road, Browns Summit, NC 27214
      View Details
    • $80,000

      Residential Land in Browns Summit

      0.87 acre building lot in a lovely community.
      8512 S Richardsonwood Road, Browns Summit, NC 27214
      View Details
    • $175,000

      Browns Summit Land Opportunity

      4.34 acre property suitable for building one or two homes.
      8323/8327 Fairgrove Church Road, Browns Summit, NC 27214
      View Details
    • $80,000

      Browns Summit Building Lot

      0.72 acre building lot in Browns Summit, North Carolina.
      8447 S Richardsonwood Road, Browns Summit, NC 27214
      View Details
    • $82,500

      Acre Building Lot in Browns Summit

      One acre building lot ideal for custom home in Browns Summit.
      8301 Fairgrove Church Road, Browns Summit, NC 27214
      View Details
    • $399,900

      Browns Summit Land For Sale

      8.41 acre land parcel in Browns Summit, North Carolina.
      4427 E NC Highway 150, Browns Summit, NC 27214
      View Details
    • $80,000

      Browns Summit Acreage Building Lot

      1.08 acre lot for custom home in Browns Summit.
      8417 S Richardsonwood Road, Browns Summit, NC 27214
      View Details
    • $70,000

      Residential Land in Browns Summit

      Spacious lot in established subdivision, ideal for custom home.
      7345 Sun Harbor Drive, Browns Summit, NC 27214
      View Details
    • $75,000

      Spacious Lot in Browns Summit

      2.45 acre lot ideal for custom single-family homes.
      7347 Sun Harbor Drive, Browns Summit, NC 27214
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.97 acre building lot in Browns Summit, North Carolina.
    Where is this residential land & home lot located?
    The property is located at 8428 S Richardsonwood Road Browns Summit, NC.
    What is the asking price?
    The asking price for this property is $87,500.
    What are key features of this property?
    This property features: Large 0.97 acre building lot suitable for a custom home; Backs to a pond, providing a peaceful backdrop; Low County Taxes
    (336) 601-7259
    We can help!
    Listing Contact
    Joseph Pezik
    Real Estate License ID: 284700
    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!