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    6148 University Pkwy Winston-Salem, NC 27105

    For Sale
    $1,105,800

    5.7 Acres, Multi-Family Potential, Winston-Salem

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5.7-acre commercial land assemblage in Winston-Salem, North Carolina, presents a compelling investment opportunity. Located on University Parkway, this property boasts a prime location near shopping, amenities, and major transportation networks, including proximity to the newly constructed WS Beltway (I-74), approximately 10.6 miles away. The site is zoned RS-9 and the Winston-Salem Area Plan designates this area for up to 18 dwelling units per acre, allowing for a potential of 102 dwelling units on this parcel alone. An additional approximately 1.65 acres is available to the north, increasing the potential to 132 dwelling units. The property's high visibility along a major corridor with approximately 13,500 average annual daily traffic (AADT) further enhances its appeal. Staff may consider non-residential uses if presented as part of a unified rezoning request. The asking price is $1,105,800, translating to $194,000 per acre. Parcel numbers are 6829-22-3578

    Property Features for 6148 University Pkwy

    General Information

    Property type
    Land
    Lot Size
    248,292 SF

    HighLights

    • High‑visibility 5.7‑acre commercial land assemblage on University Parkway, Winston‑Salem, NC, with ±13,500 AADT.
    • Approximately 10.6 miles from the newly constructed WS Beltway (I‑74).
    • Winston‑Salem Area Plan allows for 8.1‑18 dwelling units per acre (potential for 102+ units with adjacent 1.65‑acre parcel).
    • Adjacent to LB‑zoned property to the south.
    • Nearby southwest property recently rezoned for multifamily development.
    • Adjacent 1.65‑acre parcel available for expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -80.279727
    Latitude
    36.194957

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    FAQs

    What type of property is this?
    Land - 5.7 Acres, Multi-Family Potential, Winston-Salem
    Where is this land located?
    The property is located at 6148 University Pkwy Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $1,105,800.
    What are key features of this property?
    This property features: High-visibility 5.7-acre commercial land assemblage on University Parkway, Winston-Salem, NC, with ±13,500 AADT.; Approximately 10.6 miles from the newly constructed WS Beltway (I-74).; Winston-Salem Area Plan allows for 8.1-18 dwelling units per acre (potential for 102+ units with adjacent 1.65-acre parcel).
    (336) 793-0890
    Request Owner's contact information
    6148 University Pkwy Winston-Salem, NC 27105
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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
    6148 University Pkwy Winston-Salem, NC 27105
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