0 Elm Dr, Winston-Salem, NC 27105
This exceptional 9.9-acre parcel in Winston-Salem, NC (Forsyth County, zip code 27105, APN 6827-49-9438) offers an unparalleled opportunity for residential development. Priced at $600,000, this shovel-ready site boasts 25 fully entitled single-family lots, zoned RS9. All necessary groundwork is complete, including a fully approved site plan, wetlands report, Phase 1 environmental assessment, geotechnical report, and all required permits. Water and sewer are conveniently located at the roadside. The property's prime location near University Parkway provides easy access to a wealth of amenities, including major retailers like Target, Chipotle, Aldi, and a Neighborhood Walmart, ensuring high demand for the future homes. Nearby parks, diverse dining options (Chipotle, Biscuitville, Dairi-O's, and numerous local restaurants), and other commercial establishments further enhance the desirability of this location. This development promises to address the significant need for entry-level housing in a thriving Triad area market. Begin construction immediately and capitalize on this exceptional opportunity to contribute to the growing housing market in a highly sought-after Winston-Salem neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.