Property profile

1185 Blackburn Rd Winston-Salem, NC 27105

OFF-MARKET
Land
39.6 ac lot
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Property summary

AI-generated overview

This exceptional 39.6-acre parcel presents a significant residential development opportunity in Winston-Salem, North Carolina. Zoned RS20, this property offers versatile access from Blackburn Rd, Layla Ct, Natalie Temple Ln, and Cedarview Trail. Public water access is available, making it ideal for large-scale residential projects. The asking price is $282,677, translating to approximately $7,132.90 per acre. The land comprises eight contiguous parcels (APN: 6838-69-7179.00, 6838-79-2117.00, 6838-69-1269.00, 6838-78-9493.00, 6838-78-9384.00, 6838-58-6973.00, 6838-59-5087.00, 6838-59-5070.00), currently owned by the North Carolina Department of Transportation (NCDOT). NCDOT numbers are 234379, 260152, 261076, 235020, 260976, 261079, 261083, 261082 (use 234379 for bidding). Prospective buyers are responsible for conducting their own due diligence, verifying the lot size, and noting the presence of a basin, stream, and an abandoned RV on the property. Septic installation will be required. This is an online auction; a buyer premium is payable in addition to the purchase price and is non-refundable. The NCDOT reserves the right to withdraw from the sale before the deed is recorded. Title transfer will be via QuitClaim Deed.

Property profile

Verified
Property type Land
Lot 39.6 ac (1,724,976 SF)

Cap rate & NOI

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

Location

1185 Blackburn Rd Winston-Salem, NC 27105
Winston-Salem 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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