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    OFF-MARKET
    Land

    4880 Phelps Dr, Winston-Salem, NC 27105

    22.37 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 22.37-acre property in Winston-Salem, Forsyth County, North Carolina, presents a unique development or investment opportunity. Located at 4880 Phelps Dr, zip code 27105, this land parcel offers a blend of seclusion and convenience, with close proximity to I-74. The property is zoned RS20 and RS9 and comprises ten parcels (APN: 6848-06-4827.00, 6838-96-6974.00, 6848-05-6989.00, 6848-06-4032.00, 6848-06-7110.00, 6848-06-7222.00, 6848-06-7323.00, 6848-06-7427.00, 6848-06-0863.00, 6848-06-6569.00) sold as a single unit. The asking price is $72,187, translating to approximately $3,226.96 per acre. Important considerations include the property being bisected by Mill Creek and containing approximately 12.24 acres of floodplain. Well and septic systems will be required. Buyers should note that this is an online auction with a non-refundable buyer premium added to the final bid price. The property is owned by NCDOT, which reserves the right to withdraw from the sale before the deed is recorded. Title transfer will be via QuitClaim Deed. Lot size is not guaranteed and should be independently verified. All due diligence regarding the property is the buyer's responsibility.

    Property profile
    Verified
    Property type Land
    Lot 22.37 ac (974,437 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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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