Property profile

0 Elm Dr Winston-Salem, NC 27105

OFF-MARKET
Land
9.9 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 9.9 ac (431,244 SF)

Cap rate & NOI

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

Location

Elm Dr 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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