Property profile

158 Reidsville Rd Walkertown, NC 27051

OFF-MARKET
Land
7.26 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 7.26 ac (316,246 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

158 Reidsville Rd Walkertown, NC 27051
Walkertown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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