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    Peters Crk Pkwy Winston-Salem, NC 27127

    Sponsored
    For Sale
    $1,900,000

    Prime Residential Land, Excellent Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 15.67-acre parcel presents a unique investment opportunity in Winston-Salem, North Carolina. Located at the intersection of Peters Creek Parkway and Brannigan Village Drive, the property boasts excellent visibility and accessibility. While a significant portion of the land lies within a floodplain, a substantial upland area of 2.4 acres is currently buildable, offering immediate development potential. The remaining acreage presents opportunities for future development, subject to necessary permitting and floodplain mitigation strategies. The property is zoned RS9, designating it for residential use. This prime location offers significant advantages for residential development, given its high visibility and convenient access to major roadways. The level topography of the buildable area simplifies construction planning and reduces potential site preparation costs. Detailed surveys and engineering studies will be necessary to fully assess the development potential of the entire property, including the floodplain areas. This property is ideal for developers seeking a strategically located site with immediate buildable land and significant expansion possibilities. The asking price for this exceptional land parcel is $1,900,000.

    Property Features for 0 Peters Crk Pkwy

    General Information

    Property type
    Land
    Lot Size
    682,585 SF

    HighLights

    • $1,900,000 asking price.
    • 15.67‑acre residential land parcel.
    • RS9 zoning.
    • Located in Winston‑Salem, NC, at Peters Creek Pkwy and Brannigan Village Dr.
    • 2.4 acres are currently buildable; additional acreage may be developable.
    • Excellent visibility from Peters Creek Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2580694
    Latitude
    36.0419917

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    FAQs

    What type of property is this?
    Land - Prime Residential Land, Excellent Visibility
    Where is this land located?
    The property is located at Peters Crk Pkwy Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; 15.67-acre residential land parcel.; RS9 zoning.
    Request Owner's contact information
    Peters Crk Pkwy Winston-Salem, NC 27127
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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
    Peters Crk Pkwy Winston-Salem, NC 27127
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