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    158 Reidsville Rd Walkertown, NC 27051

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    For Sale
    Contact for pricing

    7.26 Acres, Forsyth County, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.26-acre commercial development site is strategically located at the intersection of Highway 158 and Highway 66 in Walkertown, North Carolina, within Forsyth County. Zoned for a Community Activity Center (CAC) as per the Forsyth County Area Plan, this property presents a unique opportunity for large-scale commercial development. The plan allows for a variety of uses including supermarkets, drugstores, hotels, restaurants, and movie theaters, catering to a substantial consumer base. The asking price is $3.80 per square foot. The site benefits from high traffic counts, with approximately 16,000 vehicles per day on Highway 158 (Reidsville Road) and 16,000 vehicles per day on Highway 66 at Martin Street. This prime location is supported by strong demographics, with a population of 55,600 and an average household income of $65,240 within a 5-mile radius. The property's address is Highway 158, Reidsville Road, Winston-Salem, NC 27051. This is an ideal location for developers seeking to capitalize on the area's growth and strong consumer demand. The property is classified as Commercial Land and is ready for development.

    Property Features for 158 Reidsville Rd

    General Information

    Property type
    Land
    Lot Size
    316,246 SF

    HighLights

    • Forsyth County designates this 7.26‑acre site for a Community Activity Center (CAC), allowing for large‑format retail (supermarkets, drugstores), hospitality (hotels, restaurants), and entertainment (movie theaters).
    • 7.26‑acre parcel: $3.80 per square foot asking price.
    • High‑traffic intersection of Hwy 158 and Hwy 66.
    • Strong demographics within a 5‑mile radius.
    • 55,600 population within 5 miles.
    • $65,240 average household income within 5 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Accounting Firm Furniture Store Electronics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Walkertown
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.1540226
    Latitude
    36.1925356

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 7.26 Acres, Forsyth County, NC
    Where is this land located?
    The property is located at 158 Reidsville Rd Walkertown, NC.
    What are key features of this property?
    This property features: Forsyth County designates this 7.26-acre site for a Community Activity Center (CAC), allowing for large-format retail (supermarkets, drugstores), hospitality (hotels, restaurants), and entertainment (movie theaters).; 7.26-acre parcel: $3.80 per square foot asking price.; High-traffic intersection of Hwy 158 and Hwy 66.
    (336) 768-4410
    Request Owner's contact information
    158 Reidsville Rd Walkertown, NC 27051
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    Walkertown, NC 27051
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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
    158 Reidsville Rd Walkertown, NC 27051
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