109 Thomasville Rd, Winston-Salem, NC 27107
This exceptional multifamily investment opportunity encompasses two tracts of land totaling approximately 1.17 to 1.5 acres situated on Highway 109, Thomasville Road in Winston-Salem, North Carolina (zip code 27107). The combined property boasts an impressive 65,340 square feet and benefits from significant road frontage of approximately 400 feet. The property is zoned RS9, offering considerable development potential. The site features favorable topography and readily available utilities. A key advantage is the high traffic volume, with a daily count of 19,000 vehicles. Furthermore, the North Carolina Department of Transportation (NCDOT) has scheduled road improvements to Thomasville Road, commencing in 2023 and slated for completion in 2025. This infrastructure upgrade is expected to further enhance the property's value and desirability. The property's APN numbers are 6844-03-8149, 6844-03-9039, and 6844-012-0906. This presents a compelling investment prospect with strong potential for future growth and returns.
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
Similar Nearby for Lease
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.