Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    109 Thomasville Rd At Gumtree Rd Winston-Salem, NC 27107
    Back to Search
    Property profile & analytics

    109 Thomasville Rd At Gumtree Rd Winston-Salem, NC 27107

    View on Map
    • Land
    • 0.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 109 Thomasville Rd At Gumtree Rd

    Lot size
    0.73 lot acres
    Property type
    Land

    Description

    This 0.73-acre lot is ideally situated in Wallburg, North Carolina, at the intersection of NC 109 (Thomasville Road) and Gumtree Road. The property boasts a highly desirable location in a thriving suburban community serving both South Winston-Salem and areas north of High Point. The site is fully improved, featuring grading and existing parking, along with an offsite stormwater pond, minimizing development costs and expediting the construction process. Its strategic placement ensures high visibility and accessibility, benefiting from significant traffic flow on NC 109. The property is zoned to allow alcohol sales for sit-down restaurants, presenting a unique opportunity for various commercial ventures. The area enjoys a strong commercial presence, with co-tenants including McDonald's, a gas/convenience store, and a small strip center. Further enhancing the location's appeal is the proximity to numerous established businesses such as Food Lion, CVS, Sheetz, Wendy's, LSB Bank, Advance Auto, Domino's, Little Richard's BBQ, and the Timco Manufacturing Plant. This prime location offers exceptional potential for a variety of commercial developments, making it an attractive investment opportunity. The asking price for this fully improved 0.73-acre lot is $295,000. The property is located in Davidson County, NC, zip code 27107, with a Forsyth County address.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.1619
    Latitude
    36.0266

    Comparable in this City

    • Value Estimation by Request
      4.31 Acres

      Barnes Rd

      Land • 4.31 Acres
      0 Barnes Rd, Winston-Salem, NC 27107
      View Details
    • Value Estimation by Request
      1.17 Acres

      Quandrant

      Land • 1.17 Acres
      0 Quandrant, Winston-Salem, NC 27107
      View Details
    • Value Estimation by Request
      0.61 Acres

      2405 Markwood Ln

      Multifamily properties • 3,500 SF
      2405 Markwood Ln, Winston-Salem, NC 27107
      View Details
    • Value Estimation by Request
      31.50 Acres

      2840 Cole Rd

      Land • 31.50 Acres
      2840 Cole Rd, Winston-Salem, NC 27107
      View Details
    • Value Estimation by Request
      4.43 Acres

      Willard Rd

      Land • 4.43 Acres
      0 Willard Rd, Winston-Salem, NC 27107
      View Details
    • Value Estimation by Request
      21.75 Acres

      Business Park Dr

      Land • 21.75 Acres
      0 Business Park Dr, Winston-Salem, NC 27107
      View Details

    Similar Nearby for Sale

    • $1,050,000
      50.10 Acres

      Winston-Salem 50+ Acre Land

      50+ acre parcel for development in Winston-Salem, North Carolina.
      4000 Old Lexington Rd, Winston-Salem, NC 27107
      View Details
    • $740,000
      Pending

      Expansive Land Parcel For Sale

      37-acre parcel zoned RM-5, ideal for development or personal use.
      791 Teague Rd, Winston-Salem, NC 27107
      View Details
    • Contact for pricing

      Land Build-to-Suit Opportunity

      Land available for build-to-suit, purchase, or joint venture.
      2905 Cole Rd, Winston-Salem, NC 27107
      View Details
    • $250,000

      Versatile Land with Storage Shed

      3+ acre property with storage, ideal for recreation/development.
      1186 Midway School Rd, Winston Salem, NC 27107
      View Details
    • $1,000,000
      25.00 Acres

      Davidson County Land Opportunity

      25+/- acres near Winston-Salem with development potential.
      Sells Farm Rd, Winston Salem, NC 27107
      View Details
    • Contact for pricing

      Land Package For Sale

      Land for sale as a package deal.
      Marble St, Winston-Salem, NC 27107
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway Commercial Land Available

      1.38 AC of highway commercial land for lease.
      189 Hickory Tree Rd, Winston-Salem, NC 27107
      View Details
    • Contact for pricing

      Fenced Storage and Warehouse Space

      Fenced, gated storage and warehouse space for lease.
      1539 Waughtown St, Winston-Salem, NC 27107
      View Details
    • Contact for pricing
      114,573 SF

      Winston-Salem Industrial Facility For Lease

      114,573 SF industrial facility with convenient access to major highways.
      315 Cassell St, Winston-Salem, NC 27107
      View Details
    • Contact for pricing
      17,595 SF

      Retail Space with Loading Dock

      17,595 SF retail space available with loading dock.
      189 Hickory Tree Rd, Winston Salem, NC 27107
      View Details
    • Contact for pricing

      Warehouse with Office and Frontage

      22,000 SF warehouse with office space and road frontage.
      3425 Thomasville Rd, Winston-Salem, NC 27107
      View Details
    • Contact for pricing

      Retail Space with Loading Dock

      17,595 SF retail space available with loading dock.
      189 Hickory Tree Rd, Winston-Salem, NC 27107
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 Thomasville Rd At Gumtree Rd
    Winston-Salem, NC 27107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    109 Thomasville Rd At Gumtree Rd, Winston-Salem, NC, 27107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!