Property profile

0 Quandrant Winston-Salem, NC 27107

OFF-MARKET
Land
1.17 ac lot
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Property summary

AI-generated overview

This exceptional 1.17-acre land parcel presents a remarkable investment opportunity in Winston-Salem, North Carolina. Strategically located in the northeast quadrant near the New I-40 interchange, this property boasts excellent road frontage on Thomasville Road, a high-traffic artery with a daily volume of 19,000 vehicles. The site features favorable topography and readily accessible utilities, simplifying development plans. The property is zoned RS9, offering versatility for potential projects. Parcel numbers include 6844-20-8811, 6844-02-5831, and 6844-02-6853. Further enhancing its value, the North Carolina Department of Transportation has scheduled improvements to Thomasville Road, commencing in 2023 and slated for completion in 2025. This planned infrastructure upgrade promises to further increase traffic flow and property value. The asking price for this prime development site is $205,000. Its location near the I-40 bypass ensures exceptional visibility and convenient access for businesses and residents alike, making it an ideal location for a variety of commercial or residential developments. This is a rare opportunity to acquire a well-situated, readily developable tract in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 1.17 ac (50,965 SF)

Cap rate & NOI

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

Location

Quandrant Winston-Salem, NC 27107
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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