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    109 Thomasville Rd Winston-Salem, NC 27107

    Sponsored
    For Sale
    Contact for pricing

    High-traffic, multifamily land, excellent location.

    Property size:
    65,340 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional multifamily investment opportunity encompasses two tracts of land totaling approximately 1.17 to 1.5 acres situated on Highway 109, Thomasville Road in Winston-Salem, North Carolina (zip code 27107). The combined property boasts an impressive 65,340 square feet and benefits from significant road frontage of approximately 400 feet. The property is zoned RS9, offering considerable development potential. The site features favorable topography and readily available utilities. A key advantage is the high traffic volume, with a daily count of 19,000 vehicles. Furthermore, the North Carolina Department of Transportation (NCDOT) has scheduled road improvements to Thomasville Road, commencing in 2023 and slated for completion in 2025. This infrastructure upgrade is expected to further enhance the property's value and desirability. The property's APN numbers are 6844-03-8149, 6844-03-9039, and 6844-012-0906. This presents a compelling investment prospect with strong potential for future growth and returns.

    Property Features for 109 Thomasville Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    65,340 SF
    Lot Size
    50,965 SF

    HighLights

    • Exceptional multifamily investment opportunity on ~1.17‑1.5 acres of land.
    • 65,340 square feet with ~400 feet of highway frontage on Highway 109, Winston‑Salem, NC (27107).
    • RS9 zoning allows for considerable development potential.
    • High traffic count (19,000 vehicles daily) and favorable topography.
    • Upcoming NCDOT road improvements (2023‑2025) will enhance value.
    • APN: 6844‑03‑8149, 6844‑03‑9039, 6844‑012‑0906.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

    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
    -80.2144315
    Latitude
    36.0593038

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    FAQs

    What type of property is this?
    Multifamily property - High-traffic, multifamily land, excellent location.
    Where is this multifamily property located?
    The property is located at 109 Thomasville Rd Winston-Salem, NC.
    What are key features of this property?
    This property features: Exceptional multifamily investment opportunity on ~1.17-1.5 acres of land.; 65,340 square feet with ~400 feet of highway frontage on Highway 109, Winston-Salem, NC (27107).; RS9 zoning allows for considerable development potential.
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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
    109 Thomasville Rd Winston-Salem, NC 27107
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