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Property profile & analytics
OFF-MARKET
Land

0 Lee St Kernersville, NC 27284

20.49 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 20.49-acre parcel presents a prime residential development opportunity in the thriving Kernersville, North Carolina employee growth corridor. Located on Lee Street off Highway 66, this property is zoned RS12, making it ideal for a variety of residential projects. The land offers significant potential for a new residential community, capitalizing on the area's strong demand for housing. With a total asking price of $1,024,599, this translates to an attractive price per acre of $50,000. The site's convenient location and favorable zoning regulations make it an attractive investment for developers seeking to build in a rapidly growing area. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a substantial land holding in a desirable location with excellent potential for future development and strong returns. The property is situated in Forsyth County, North Carolina, with a zip code of 27284. Its coordinates are 36.1100412 latitude and -80.0672127 longitude. This represents a compelling investment prospect for those seeking to capitalize on the robust residential market in Kernersville. Don't miss this chance to secure this exceptional development site.

Property profile
Verified
Property type Land
Lot 20.49 ac (892,544 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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