Property profile

0 Forrestgate Dr Winston-Salem, NC 27103

OFF-MARKET
Land
2.29 ac lot
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Property summary

AI-generated overview

This exceptional 2.29-acre commercial land parcel is ideally situated in Winston-Salem, North Carolina, offering unparalleled access to major transportation arteries. Located on Forrestgate Drive, the property boasts a highly desirable GO-S zoning designation, opening up a wide range of development possibilities. Its strategic location provides easy access to Interstate 40 and Hanes Mall Boulevard, ensuring high visibility and convenient access for businesses and customers. The surrounding area demonstrates strong demographics, with significant population density and high average household incomes within a 5-mile radius. Within 1 mile, the population is 6,314 with an average household income of $42,377; expanding to 29,101 and $67,820 within 3 miles, and reaching 146,173 with an average household income of $76,911 within 5 miles. This prime location, combined with its generous size and favorable zoning, presents a unique investment opportunity for developers and businesses seeking a strategic foothold in a thriving market. The asking price for this exceptional property is $997,000. The property is located in Forsyth County, North Carolina, with a zip code of 27103. The precise coordinates are 36.0718921 latitude and -80.3141121 longitude.

Property profile

Verified
Property type Land
Lot 2.29 ac (99,752 SF)

Cap rate & NOI

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

Location

Forrestgate Dr Winston-Salem, NC 27103
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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