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    OFF-MARKET
    Commercial real estate

    109 Thomasville Rd, Winston-Salem, NC 27107

    65,340 SF 1.17 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 65,340 SF
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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