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    Lee St Kernersville, NC 27284

    For Sale
    $1,024,599

    20+ Acres Residential Development Site in Kernersville.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 20.49-acre parcel presents a prime residential development opportunity in the thriving Kernersville, North Carolina employee growth corridor. Located on Lee Street off Highway 66, this property is zoned RS12, making it ideal for a variety of residential projects. The land offers significant potential for a new residential community, capitalizing on the area's strong demand for housing. With a total asking price of $1,024,599, this translates to an attractive price per acre of $50,000. The site's convenient location and favorable zoning regulations make it an attractive investment for developers seeking to build in a rapidly growing area. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a substantial land holding in a desirable location with excellent potential for future development and strong returns. The property is situated in Forsyth County, North Carolina, with a zip code of 27284. Its coordinates are 36.1100412 latitude and -80.0672127 longitude. This represents a compelling investment prospect for those seeking to capitalize on the robust residential market in Kernersville. Don't miss this chance to secure this exceptional development site.

    Property Features for 0 Lee St

    General Information

    Property type
    Multifamily properties
    Lot Size
    892,544 SF

    HighLights

    • 20.49+/- acres for sale in Kernersville, NC.
    • Located in the Kernersville employee growth corridor, zoned RS12.
    • $1,024,599 asking price ($50,000/acre).
    • Prime residential development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kernersville
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.0672127
    Latitude
    36.1100412

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    FAQs

    What type of property is this?
    Multifamily property - 20+ Acres Residential Development Site in Kernersville.
    Where is this multifamily property located?
    The property is located at Lee St Kernersville, NC.
    What is the asking price?
    The asking price for this property is $1,024,599.
    What are key features of this property?
    This property features: 20.49+/- acres for sale in Kernersville, NC.; Located in the Kernersville employee growth corridor, zoned RS12.; $1,024,599 asking price ($50,000/acre).
    (336) 768-4410
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    Lee St Kernersville, NC 27284
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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
    Lee St Kernersville, NC 27284
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