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    2010 Burke Ml Rd Winston-Salem, NC 27103

    Sponsored
    For Sale
    $375,000

    10.8-acre site, 27-unit plan approved.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10.8-acre commercial property, located at 2010 Burke Mill Road in Winston-Salem, North Carolina (zip code 27103), presents a unique investment opportunity. The property boasts significant road frontage on Burke Mill Road, situated in a high-growth area of Forsyth County. A site plan has already been approved for the construction of a 27-unit apartment complex, making this an ideal project for developers seeking a streamlined path to construction. While up to approximately two acres are buildable, the remaining land offers a serene setting with a 3.9-acre lake, presenting potential for the development of a walking trail or other amenity. The property is zoned RM12-S, and the land value is $0.80 per square foot. The asking price for this multifamily, mixed-use land parcel is $375,000. While the approved plan focuses on apartments, the property may be suitable for other uses, subject to city approval. This is a rare chance to acquire a well-positioned, approved development site in a thriving area. Contact us today to learn more about this exciting opportunity.

    Property Features for 2010 Burke Ml Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    470,448 SF

    HighLights

    • Up to 2‑acre buildable site.
    • Approved site plan for a 27‑unit apartment complex.
    • Serene setting with potential for a walking trail.
    • 3.9‑acre lake.
    • Located in a high‑growth area of Forsyth County.
    • High visibility and frontage on Burke Mill Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.293591
    Latitude
    36.0577927

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    FAQs

    What type of property is this?
    Multifamily property - 10.8-acre site, 27-unit plan approved.
    Where is this multifamily property located?
    The property is located at 2010 Burke Ml Rd Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Up to 2-acre buildable site.; Approved site plan for a 27-unit apartment complex.; Serene setting with potential for a walking trail.
    Request Owner's contact information
    2010 Burke Ml Rd Winston-Salem, NC 27103
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    Realmo Value Estimation

    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.

    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.

    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
    2010 Burke Ml Rd Winston-Salem, NC 27103
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