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    Peters Crk Pkwy Winston-Salem, NC 27127

    • Land
    • 15.67 lot acres
    For Sale
    View listing
    $1,900,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Peters Crk Pkwy

    Lot size
    15.67 lot acres
    Property type
    Land

    Description

    This exceptional 15.67-acre parcel presents a unique investment opportunity in Winston-Salem, North Carolina. Located at the intersection of Peters Creek Parkway and Brannigan Village Drive, the property boasts excellent visibility and accessibility. While a significant portion of the land lies within a floodplain, a substantial upland area of 2.4 acres is currently buildable, offering immediate development potential. The remaining acreage presents opportunities for future development, subject to necessary permitting and floodplain mitigation strategies. The property is zoned RS9, designating it for residential use. This prime location offers significant advantages for residential development, given its high visibility and convenient access to major roadways. The level topography of the buildable area simplifies construction planning and reduces potential site preparation costs. Detailed surveys and engineering studies will be necessary to fully assess the development potential of the entire property, including the floodplain areas. This property is ideal for developers seeking a strategically located site with immediate buildable land and significant expansion possibilities. The asking price for this exceptional land parcel is $1,900,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2581
    Latitude
    36.042

    Comparable in this City

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    Winston-Salem, NC 27127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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