Property profile

4880 Phelps Dr Winston-Salem, NC 27105

OFF-MARKET
Land
22.37 ac lot
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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

Location

4880 Phelps Dr Winston-Salem, NC 27105
Winston-Salem metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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