0 Peters Creek Pkwy, Winston-Salem, NC 27127
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.
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
Similar Nearby for Sale
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.