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    4880 Phelps Dr Winston-Salem, NC 27105

    • Land
    • 22.37 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4880 Phelps Dr

    Lot size
    22.37 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2184
    Latitude
    36.1807

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    4880 Phelps Dr
    Winston-Salem, NC 27105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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