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    7782 Ferrin Rd Browns Summit, NC 27214

    Sponsored
    For Sale
    $6,000,000

    610+ Acres, Railroad Frontage, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 610-618 acre agricultural property in Browns Summit, Guilford County, NC (27214), presents a unique investment opportunity. Currently zoned AG, this assemblage boasts over 1.4 miles of railroad frontage along the Norfolk Southern main line, offering significant logistical advantages. The land is less than a mile from NC Highway 29, slated for conversion to I-785, further enhancing its accessibility and future value. The property includes approximately 150 cleared acres, along with cropland, pasture, and mature forestry. Existing features include a pond and stream, with a total road frontage of 2654 feet. Duke Power provides electricity. The City of Greensboro has preliminary plans to extend city water and sewer lines to within a mile and a half of the site, making it suitable for future commercial development. Annexation into the city and rezoning would be required for such development. Strong interest in commercial development already exists. The asking price is $6,000,000, translating to approximately $11,111 per acre. Detailed maps illustrating the proximity of existing and planned utilities are available. This property offers a compelling blend of agricultural use and substantial future development potential.

    Property Features for 7782 Ferrin Rd

    General Information

    Property type
    Farms
    Lot Size
    26,571,600 SF

    HighLights

    • 610‑618 acres, Browns Summit, NC. $6,000,000 asking price ($11,111/acre).
    • Over 1.4 miles of Norfolk Southern railroad frontage.
    • Less than 0.5 miles from NC Highway 29 (future I‑785).
    • 150 acres cleared; remaining acreage includes cropland, pasture, and timber.
    • Duke Power electricity.
    • 2,654 feet of paved road frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Auto Parts Store Food Market Storage Facility Grocery Store Garden Center Convenience Store Computer & Electronic Repair Tech Support Center Cosmetics Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Browns Summit
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.6984385
    Latitude
    36.2303307

    Nearby Similar for Sale

    • $179,000

      Commercially Zoned Building in Browns Summit

      High-visibility corner lot with on-site parking near Greensboro.
      4422 Yanceyville Rd, Browns Summit, NC 27214
      View Details

    FAQs

    What type of property is this?
    Farm - 610+ Acres, Railroad Frontage, Development Potential
    Where is this farm located?
    The property is located at 7782 Ferrin Rd Browns Summit, NC.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 610-618 acres, Browns Summit, NC. $6,000,000 asking price ($11,111/acre).; Over 1.4 miles of Norfolk Southern railroad frontage.; Less than 0.5 miles from NC Highway 29 (future I-785).
    Request Owner's contact information
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    Browns Summit, NC 27214
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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
    7782 Ferrin Rd Browns Summit, NC 27214
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